Green Power Trading and GOs in Europe and Germany
Keywords: Green power trading; Green Certificate, Think Tank cooperation | Study published: November 2023
The report “Green Power Trading and GOs in Europe and Germany” is a comprehensive introduction to the development of the GO market in Europe over time, include the description of the regulatory framework and historical development of the scheme as well as the explanation of the core functioning of GO markets in Europe, with a focus on Germany and the key characteristics of selected European markets. We also looked at specific countries to gain insights into the chances for mutual recognition on a case-by-case basis, also to develop a better understanding of what this implies for the role of the Chinese Green Electricity Certificate scheme and potential future interlinking with Europe. To conclude, we present key take-aways from the GO scheme given the status of the Chinese GEC market today.
The report is an introduction to the development of the GO market in Europe, including the description of the regulatory framework and historical development of the scheme as well as the explanation of the core functioning of GO markets in Europe.
- Besides supply and demand developments of GOs, policy changes are the main drivers of price levels and will determine the importance of the certificate in the coming years.
- China‘s green certificate system might face challenges if new practices, such as time and geographical matching of renewable energy supply
- There are still hurdles to overcome that would allow the country to follow the changing practices in more advanced markets in the short to medium term.
The study is a result of the Climate and Energy Partnerships:
