US EditionAs prices surge, what next for China’s green power certificates?
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Eco-BusinessAs prices surge, what next for China’s green power certificates?
In late March, the price of a Green Electricity Certificate (GEC) seemed to be changing daily in China.Each one represents the generation of one megawatt-hour of clean electricity, and in February the cost had hovered at around CNY 1. By 24 March, that had risen to CNY 1.2, and three days later to as high as CNY 1.8. By April, the average price traded nationwide was CNY 2.31, a month-on-month increase of 63%, according to National Energy Adminis…
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