China Launches Blockchain for Green Energy

China Proposes Blockchain for Green Energy Verification

• China’s State Council has proposed using blockchain technology to verify green electricity throughout its lifecycle.
• The initiative is part of a plan to establish a unified national power market by 2030.
• Market-based electricity transactions are expected to reach approximately 70% of total consumption by the decade’s end.
• The policy aims to integrate green certificates into carbon emission accounting, enhancing the link between clean energy use and climate goals.
• Authorities plan to implement both mandatory and voluntary mechanisms for purchasing green certificates while regulating prices.
• By 2035, officials anticipate optimized nationwide allocation of electricity resources with price signals reflecting environmental values.

China’s State Council is advancing plans to use blockchain for verifying green electricity, aiming for a unified power market by 2030. The strategy includes integrating renewable energy certification into carbon accounting and expanding market-based transactions.