TREE NEWS reports: China’s National Energy Administration issued 354 million green certificates in August 2026, up 15.75% from the previous month, covering 3.7096 million renewable energy generation projects. Tradable certificates accounted for 212 million, or 60.04% of the total. Certificates corresponding to July 2026 renewable generation made up 323 million, or 91.41% of the month’s issuance.
China’s NEA Issues 354 Million Green Certificates in August 2026, Up 15.75% MoM
The composition matters more than the headline growth. With 60% of certificates designated tradable and 91% tied to generation from the prior month, issuance is tracking actual output rather than lagging administrative backlogs, which suggests the registry is maturing as a functioning market instrument. The volume of projects covered underscores how broadly the mechanism now reaches across China's renewable fleet. The open question is whether tradable share keeps pace as issuance scales, since that ratio, not the headline total, determines how much liquidity actually reaches the market.
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