How to avoid duplicate benefits of green certificate and CCER? The two departments made a clear response
On September 11, the "Notice of the General Office of the Ministry of Ecology and Environment of the Comprehensive Department of the National Energy Administration on Connecting Renewable Energy Green Power Certificates and Voluntary Emission Reduction Markets"(hereinafter referred to as the "Notice") was issued.
Regarding the Renewable Energy Green Power Certificate (hereinafter referred to as the Green Certificate) and China Certified Voluntary Emission Reduction (hereinafter referred to as CCER) On the issue of repeated benefits, the "Notice" clarifies that for far-reaching offshore wind power and solar thermal power generation projects, those who plan to choose to participate in green certificate trading shall not apply for CCER; those who plan to apply for CCER shall not apply for CCER, after completing voluntary emission reduction. After the project is approved and registered, the Qualification Center of the National Energy Administration will "freeze" green certificates that have not been traded during the period; After completing the verification and registration of emission reductions, the Qualification Center of the National Energy Administration will cancel the untraded green certificate corresponding to the emission reductions and disclose the information to the public. Relevant departments must effectively safeguard and protect the independent choice rights and interests of renewable energy power generation companies.
The problem of double counting of environmental attributes involved in green certificates and CCER has been widely concerned by the industry. If renewable energy CCER projects such as offshore wind power and thermal power generation sell the green certificates they have obtained while receiving CCER, part of the emission reduction contributions made by the projects will be repeated in the voluntary carbon market and the green certificate and green power market. Incentive, leading to "double benefits". Therefore, relevant experts suggest that the green certificate mechanism further improve the top-level design, formulate and promulgate relevant policies and regulations, and clarify the rules for freezing, cancellation and repurchase of green certificates when renewable energy projects participate in the CCER mechanism.
The issuance of the "Notice" clearly responds to relevant matters and will promote the effective connection between the green certificate and the national voluntary greenhouse gas emission reduction trading market. The National Energy Administration and the Ministry of Ecology and Environment will also establish an information sharing mechanism through the National Green Certificate Issuance and Trading System and the CCER Registration Platform to promptly exchange information on green certificate issuance and CCER applications for far-reaching offshore wind power and solar thermal power generation projects.
