Research on Green Certificate Trading Mechanism of Renewable Energy

Abstract

The green certificate trading system is a mandatory quota for renewable energy. On the one hand, it can promote the development of renewable energy. On the other hand, it can help to respond to the national policy of energy conservation and emission reduction. Firstly, this paper reviews the development status of renewable energy green certificate trading, and designs the framework of renewable energy green certificate trading mechanism in China. On this basis, with the help of certificate income, the weighted grid price of newly built onshore wind power will reach parity in 2020 and the additional level of renewable energy will remain unchanged. The green certificate price will be calculated on the premise that the full amount of funds will be used to subsidize the price of renewable energy and meet the demand. Finally, according to the results obtained under different measurement conditions, the changes of interests of different subjects after the implementation of green certificate are analyzed, which can provide reference for the implementation of green certificate system in China.