DOI: 10.36347/sjebm.2023.v10i11.003

Pages: 289-296

Under the dual-carbon goals, since the 18th National Congress of the Communist Party of China, various regions and relevant departments have, based on the new development stage and the implementation of the new development concept, formulated a series of policies and measures related to energy, green, and low-carbon development. These policies include carbon trading, mechanisms to ensure the absorption of renewable energy, and mechanisms for trading green electricity. The focus has been on establishing a clean and low-carbon new power system. Against this backdrop, this article, starting from the national context, meticulously reviews the policy development process and current status of carbon trading, the absorption of renewable energy (green certificates), and green power trading. It also analyzes and introduces the operational mechanisms of clean energy absorption policies from the perspectives of market entities, transaction methods, and supporting measures. The study identifies issues in the development of carbon trading, green certificate trading, and green power trading, as well as the challenges arising from the integration of different clean energy policies. Based on these findings, specific development recommendations are proposed to clarify the operational mechanisms of typical clean energy absorption policies. This is aimed at assisting various entities involved in energy consumption to better fulfill their carbon reduction tasks.