GEC market surges in 2024 amid green power push

China's green electricity certificates market, aimed at promoting renewable energy use, boomed in 2024. Key points: the system framework is nearly complete with 4.955 billion certificates issued by end-2024; trading volume quadrupled to 446 million; consumer entities increased 2.5 - fold. Economically active regions led trading. Analysts credit policy support and market mechanisms, and the trend is seen regionally, showing China's push for renewable energy.