Research on US Green Certificate Trading Mechanism Experience and Domestic Implementation Prospects

Abstract

The green certificate represents the non-energy benefits of green power, namely, the social marginal benefits of green energy such as fossil energy substitution and environmental protection. Starting from the study of the US green certificate trading mechanism, this paper sorts out the types of green certificate market and transactions, the regulatory system and policy benefits, and compares the situations in China, aiming to propose three major issues needed to be clarified as well as summarizing the experience and problems of of building a green certificate trading market in the United States.