[Policy Update] Five Ministries Jointly Issue "Guidelines for Accounting Non-Fossil Energy Electricity Consumption (Trial)"

📰 News Highlight

Recently, the National Development and Reform Commission (NDRC), the National Energy Administration (NEA), the Ministry of Ecology and Environment (MEE), the State Administration for Market Regulation (SAMR), and the National Bureau of Statistics (NBS) jointly issued the "Guidelines for Accounting Non-Fossil Energy Electricity Consumption (Trial)" (the "Guidelines").

⚙️ Core Components

1.       Unified Market and Certificate Harmonization: The Guidelines establish formal conversion and deduction rules between market-based electricity transactions, Green Electricity Certificates (GECs), and renewable energy consumption obligations.

2.       Integration with National Carbon Accounting: Data verified under these Guidelines will be directly integrated into the national carbon emissions statistical accounting framework.

3.       Dynamic Emission Factor Publishing Mechanism: The framework introduces a tiered, dynamic publishing mechanism for electricity consumption carbon emission factors.

💡 Key Takeaways

1.       GECs Cemented as the Ultimate Green Currency: By allowing corporate GEC holdings to serve as official vouchers for non-fossil electricity consumption, the government has eliminated a major regulatory bottleneck.

2.       Eliminating Double Counting Across Regimes: The unified cross-system conversion guidelines resolve long-standing discrepancies between power markets, voluntary green consumption, and state-mandated consumption quotas.

[Market Update] China Officially Releases "National Human Rights Action Plan (2026–2030)"

📰 News Highlight

On June 11, 2026, during the opening ceremony of the "2026 High-Level Forum on Global Human Rights Governance," representatives from the member units of the Joint Meeting Mechanism for the National Human Rights Action Plan jointly released the "National Human Rights Action Plan (2026–2030)".

💡 Key Takeaways

1.       Comprehensive Protection of Rights: Advancing economic, social, and cultural rights in an all-round manner, alongside strengthening the protection mechanisms for civil and political rights.

2.       Environmental and Social Equity: Enhancing the protection of environmental rights, while safeguarding the specific rights and interests of ethnic minorities, women, children, the elderly, and persons with disabilities.

[Carbon Market]

During June 8 – June 12, the total transaction volume of Carbon Emission Allowances (CEA) in Chinese National Carbon Market reached 2,211,110 tons, with a total transaction value of USD 26,645,251.78. The highest price was USD 12.18/ton, and the lowest price was USD 11.98/ton. For bulk agreement transactions, the volume was 1,420,000 tons, with a transaction value of USD 17,082,847.08.