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In Depth: Local and National Interests Clash in China’s New Green Power Market

By Chen Xuewan and Manyun Zou
2022年06月28日 19:25
The system has at times suffered from opaque pricing, obstacles to interregional trading, and confusion about the corresponding mechanism for obtaining carbon credits
A State Grid staff member inspects wind power equipment in Urumqi, Xinjiang, on Feb. 14. Photo: VCG

In late April, a unit of the state-owned Chinese oil major Sinopec Group made the first purchase of electricity in Hubei province through a national green power trading system that is currently being piloted.

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