Incentive mechanism design for mandatory green certificate trading in China: A collective action perspective

• Published in: Energy (Oxford) Vol. 319; p. 135050
• Main Authors: Ying, Zhou, Xuefeng, Jia, Hui, Wang, Junling, Huang
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 15.03.2025
• Subjects: China; Collective action; dynamic models; energy; Incentive mechanism; markets; prices; renewable energy sources; Renewable portfolio standards; System dynamic; Tradable green certificates; China; Tradable green certificates; System dynamic; Incentive mechanism; Collective action; Renewable portfolio standards

Renewable Portfolio Standards (RPS) system is a mandatory institutional change for China to achieve low-carbon energy transition, its implementation will trigger collective action by market participants. At present, there are market anomalies in the voluntary green certificate trading market in Chin...