Last week, China’s National Development and Reform Commission (NDRC), Ministry of Finance (MoF), and the National Energy Administration (NEA), released NDRC (2023) Document No. 1044, with the lengthy but important title:  “A Notice on Doing a Good Job in Full Coverage of Renewable Energy Green Power Certificates and Promoting Renewable Energy Consumption”.

The release of this document marks the start of a new era for China’s domestic renewable energy certificate (the Green Energy Certificate or GEC) as an instrument to track renewable energy consumption.  To kick off this era, let us review 12 of the most commonly asked questions about China’s renewable energy certificate scheme while examining the effects of the new policy.