REVIEW PAPER
Research on the Development Status and Key Issues of Green Electricity-Carbon Market Coupling in China
Yan Lu 1
,
 
Lei An 1
,
 
Yan Li 2
,
 
 
 
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1
State Grid Jibei Electric Power Company Limited Economic Research Institute, Beijing, 100038, China
 
2
School of Economics and Management, China University of Geosciences Beijing, 100083, Beijing, China
 
 
Submission date: 2024-08-16
 
 
Final revision date: 2024-10-30
 
 
Acceptance date: 2025-03-30
 
 
Online publication date: 2025-05-23
 
 
Corresponding author
Yan Li   

School of Economics and Management, China University of Geosciences Beijing, 100083, Beijing, China
 
 
 
KEYWORDS
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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.
eISSN:2083-5906
ISSN:1230-1485
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