--- title: "Will green certificates become a necessity for enterprises and \"hard currency\"?" type: "News" locale: "en" url: "https://longbridge.com/en/news/280165960.md" description: "In recent years, the green certificate market has been increasingly vibrant, with an expected cumulative national transaction of 930 million green certificates by 2025, a year-on-year increase of 1.1 times. The average price of green certificates is projected to reach 4.14 yuan per certificate in the second half of 2025, an increase of 90% compared to the first half. As the only proof of renewable energy, green certificates promote the consumption and production of green electricity. With the rapid development of the market, companies face the critical issue of green certificates transitioning from optional proof to a necessity, which may become the \"hard currency\" of the new energy industry in the future" datetime: "2026-03-23T12:44:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280165960.md) - [en](https://longbridge.com/en/news/280165960.md) - [zh-HK](https://longbridge.com/zh-HK/news/280165960.md) --- # Will green certificates become a necessity for enterprises and "hard currency"? **21st Century Business Herald reporters Lei Ye and Li Deshangyu report from Beijing** In recent years, the green certificate market has been continuously invigorated. By 2025, a total of 930 million green certificates will be traded nationwide, a year-on-year increase of 1.1 times, with the annual trading volume directly exceeding the total of previous years; in the second half of 2025, the average price of green certificates will be 4.14 yuan per certificate, an increase of 90% compared to the first half. According to the latest data from the National Energy Administration, in February 2026, the National Energy Administration issued 198 million green certificates, involving 610,200 renewable energy generation projects, of which 150 million are tradable green certificates, accounting for 75.49%. With both volume and price rising and trading surging, a key question faces enterprises: Will green certificates shift from optional credentials to essential entry tickets? Can they become the "hard currency" of the new energy industry? The full name of green certificates is "Renewable Energy Green Power Certificate," which is the electronic identity card for green power issued by the state and the only proof of green power consumption. For every 1,000 kilowatt-hours of green power produced, one green certificate is issued. All electricity generated by established renewable energy projects such as wind power, photovoltaics, hydropower, and biomass power can obtain this exclusive identification. Once electricity is fed into the grid, the physical attributes of coal power and green power are completely identical, making it impossible for the grid and users to distinguish the source. The emergence of green certificates provides a unique label for green power, addressing the pain point of "traceable generation and provable consumption." Green certificates serve as a mutually beneficial tool: power generation companies can sell green certificates to gain additional environmental benefits, providing more motivation to invest in new energy projects; enterprises and individuals can purchase green certificates to prove their completion of green power consumption. From the trial issuance of green certificates and voluntary subscription system in 2017 to the expansion from wind and solar subsidy projects to parity projects in 2019, and the release of the "Notice on the Responsibility Weight and Related Matters for Renewable Energy Power Consumption in 2025" in 2025, the development of China's green certificates has formed a complete upgrade path from pilot projects to full coverage. With the system in place, the market is performing. In 2025, in addition to the trading volume of 930 million, the number of consumption entities participating in green certificate trading reached 111,000, a year-on-year increase of 87.5%; high-energy-consuming, export-oriented, and high-tech enterprises have become the absolute main force in green certificate consumption. In 2025, individual buyers are also rising, purchasing 6.33 million green certificates throughout the year, a quantity 5.4 times that of 2024. What is even more noteworthy is that China's green certificates have obtained an international "green pass." In May 2025, RE100 fully recognized China's green certificates; in November, China's green certificates made their debut at COP30, receiving global recognition. As a major manufacturing country and the largest exporter in the world, the recognition of China's green certificates means that domestic enterprises' green power consumption can achieve clear traceability and proof through green certificates, making it easier to be acknowledged by international markets. Will green certificates become a necessity for enterprises? Will they become the "hard currency" of new energy? The answer is already very clear. With the advancement of the "dual carbon" goals and tightening international green trade rules, green certificates are transitioning from "should we buy" to "must hold." It is the value carrier of green power, the green credit of enterprises, and the "hard currency" circulating in the field of new energy ### Related Stocks - [516160.CN](https://longbridge.com/en/quote/516160.CN.md) - [516090.CN](https://longbridge.com/en/quote/516090.CN.md) - [000941.CN](https://longbridge.com/en/quote/000941.CN.md) - [159875.CN](https://longbridge.com/en/quote/159875.CN.md) ## Related News & Research - [04:54 ETBLUETTI představilo v Paříži inteligentní solární systém pro balkony](https://longbridge.com/en/news/286386898.md) - [India approves nearly 4,900 EV chargers under PM E-Drive scheme](https://longbridge.com/en/news/286217851.md) - [High power costs put cooling out of reach in India's parched heart](https://longbridge.com/en/news/286990759.md) - [ZAWYA: Omantel wins platinum award in ESG category at Oman Sustainability Week Awards](https://longbridge.com/en/news/286911913.md) - [India's peak power demand hits record 260.45 GW as temperatures rise](https://longbridge.com/en/news/286938987.md)