Work

Research on the Development Status and Key Issues of Green Electricity-Carbon Market Coupling in China

Year: 2025

Type: article

Abstract: To confront the urgent challenges of global climate change, achieving dual carbon goals is now central to China’s economic and social development. In this context, integrating the electricity and carbon markets is essential for promoting the green transformation of the energy system and accelerating the transition to a low-carbon economy. This study examines the integration between the green electricity market, green electricity certificate (GEC) market, and carbon market. It provides an in-depth analysis of current coupling policies and practices, identifying issues like inefficient price transmission and ineffective integration of environmental rights products. The study proposes three recommendations for market coupling: improving price transmission mechanisms, enhancing the integration of environmental rights products, and promoting international mutual recognition of green electricity consumption. These recommendations aim to promote the coordinated development of the green electricity and carbon markets, advancing the construction of a new electricity system.

Source: Polish Journal of Environmental Studies

DOI: 10.15244/pjoes/203537

Authors: Yan Lu, Lei An, Meng-meng Zhang, Yan Li, Jia-dong Xuan

Institutions: State Grid Corporation of China (China), China University of Geosciences (Beijing)

Language: English

Topic: Climate Change Policy and Economics

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Climate action, Affordable and clean energy, Industry, innovation and infrastructure

Open Access status: diamond

Funder: Fundamental Research Funds for the Central Universities