Mutual Recognition Mechanism and Key Technologies of Typical Environmental Interest Products in Power and Carbon Markets
To achieve"Carbon Peak and Carbon Neutrality",power market and carbon market are increasingly connected in terms of product,price,and supervision.Formulating the mutual recognition mechanism among various typical environmental interest products is the key bridge and powerful reinforce to promote the coordinated development of various market systems.Until now,the power and carbon environmental interest products have not formed a standardized and unified conceptual definition yet.Few mature cases of mutual recognition of such products can be referred to.Moreover,there is a relatively lack of relevant policy and market mechanism design.This paper summarizes the characteristics of both domestic and overseas mainstream power and carbon environmental interest products,and analyses the experience of the corresponding mutual recognition.Combined with the status of power market,carbon market,green certificate market or others in China,the current issues among green energy certificate,green power consumption,non-water renewable energy/power consumption,carbon emission rights,and Chinese certified emission reduction(CCER)have been proposed,such as the inaccurate carbon emission accounting,the repeated emission reduction certification,and unclear CCER application scope and etc.Moreover,this paper puts forward the mutual recognition system of various environmental right products in the power and carbon market on the basis of conventional studies.Such mutual recognition system consists of the connections between green power consumption and carbon emissions,the mutual recognition between green energy certificate(non-water renewable energy/power consumption)and carbon emissions,the cohesive devices between the green energy certificate and CCER,and etc.Four key technologies supporting the mutual recognition of power and carbon environmental interest products are also described.It may provide references for promoting the coordinated development of power and carbon systems.
power and carbon marketenvironmental interest productmutual recognition mechanismcarbon emissiongreen power consumptioncarbon factor