Zheng Ying, Vice President of Sunwoda Electronic Co
China’s Green Electricity Certificate (GEC) is more than just an important policy tool. Looking at the global practice, the EU also uses energy attribute certificates such as Guarantee of Origin to promote the development and integration of renewable energy. According to the adjustment in the EU’s new draft on the methodology for calculating the carbon footprint of electric vehicle batteries, some tools that support the energy transition, such as GECs, won’t be counted in the calculation. This will disregard companies’ efforts to promote the deployment and development of renewable energy, which may reduce their motivation to source renewable energy. In addition, Chinese companies would face more significant consequences than their EU counterparts if the GEC were not adopted. It is preferable to give the market the authority to use such instruments rather than bluntly rejecting companies’ efforts to drive the energy transition.
