Constructing Tradable Green Certificate Schemes from the Perspective of Comparative Law

Tradable green certificate (TGC) schemes play a pivotal role in boosting the production and consumption of renewable electricity in a cost-effective way, which is expected to tackle challenges caused by the long-term implementation of feed-in tariff and subsidy schemes in China. Foreign law regarding TGC provides abundant lessons and insights for the introduction of TGC schemes in China. The renewables quota obligation should be the basis of designing TGC schemes, and the quota obligation should be specified in the Renewable Energy Law, and relevant executive power, obligations and liabilities should be established. The legislation mode of combining renewable energy legislation with certain regulations of TGC should be determined. It is necessary to clarify power allocation between the National Energy Administration and competent energy authorities at the provincial level.