China's First Zero-Carbon Energy Certificate Issued to Hydrogen Energy Company
Key Ideas
  • China issued its first zero-carbon energy consumption certificate to a hydrogen energy company in Henan province.
  • The certificate signifies a milestone in the marketization of green value for non-electrical renewable energy in China, focusing on the sector of non-electrical utilization of biomass.
  • The certification process, from application to trade, was completed using the Zero Carbon Energy Certification platform established through collaboration among industry associations and research institutions.
  • The market price of the certificate is aligned with China's carbon trading market and is currently priced at 60 yuan ($8) per piece to establish a stable price adjustment mechanism.
China recently issued its first zero-carbon energy consumption certificate, marking a significant development in the country's renewable energy sector. The certificate was purchased by a hydrogen energy company in Henan province and was seen as a milestone in the marketization of green value for non-electrical renewable energy, especially in the non-electrical utilization of biomass. The entire certification process, including application, monitoring, verification, issuance, and trade, was conducted through the collaboration of industry associations and research institutions via the Zero Carbon Energy Certification platform established in December 2023. The pricing of the certificate, set at 60 yuan ($8) per piece, is influenced by China's carbon trading market to ensure a relatively stable price adjustment mechanism. This initiative highlights China's commitment to promoting renewable energy and reducing carbon emissions through market-driven mechanisms.
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