Green power and green certificate trading in southern China surged in the first quarter of 2025, outpacing the combined total of the past two years, according to data from the Guangzhou Power Exchange Center.
Source: People’s Daily
Green power and green certificate trading in southern China surged in the first quarter of 2025, outpacing the combined total of the past two years, according to data from the Guangzhou Power Exchange Center.
Between January and March, Guangdong, Guangxi, Yunnan, Guizhou, and Hainan traded a total of 128.9 billion kilowatt-hours of green electricity, corresponding to 128.9 million green certificates (GECs). Cross-provincial transactions made up 81% of the total, while stand-alone green certificate trades accounted for 75% of the national volume—underscoring a growing trend of nationwide optimization in renewable energy allocation.
The rapid growth reflects a broader shift toward greener consumption. In March alone, trading volume hit 82.9 billion kilowatt-hours, with participation rising to over 12,000 entities—quadruple the figure from the same period last year. Heavy industries such as aluminum, steel, and chemicals, along with emerging sectors like electronics manufacturing and data centers, accounted for roughly 80% of green power usage, signaling an accelerated transition to a low-carbon industrial structure.
Provinces rich in renewable resources—including Yunnan, Gansu, Inner Mongolia, and Xinjiang—have emerged as major suppliers of green certificates. On the demand side, economically advanced provinces such as Guangdong, Jiangsu, and Zhejiang lead the pack. The growing market for green electricity and certificates is driving stronger regional cooperation in emissions reduction and energy efficiency.
The integration of green certificate trading into China’s dual-control framework—designed to cap total and per-unit energy consumption—has further strengthened the market’s role. Many companies are now using green power purchases and GECs to replace fossil fuel consumption, effectively unlocking energy capacity for new, low-carbon projects.
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