CHINA CHINA Anders Hove, Senior Research Fellow, OIES & Gary Sipeng Xie, Policy Advisor and British Columbia Advisor to Canada's Minister of Natural Resources Green certificates with Chinese characteristics: Will green certificates help China’s clean energy transition? July 2023 December 2021 OIES PAPER: CE9 OIES PAPER: ET06 The contents of this paper are the authors’ sole responsibility. They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its Members. i ‘ The contents of this paper are the authors’ sole responsibility. They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its members. Copyright © 2023 Oxford Institute for Energy Studies (Registered Charity, No. 286084) This publication may be reproduced in part for educational or non-profit purposes without special permission from the copyright holder, provided acknowledgment of the source is made. No use of this publication may be made for resale or for any other commercial purpose whatsoever without prior permission in writing from the Oxford Institute for Energy Studies. ISBN 978-1-78467-213-3 The contents of this paper are the authors’ sole responsibility. They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its Members. ii ‘ Acknowledgements The authors gratefully acknowledge the helpful advice and comments provided by Philip Andrews-Speed of OIES, Sharon Feng of Azure International, Michal Meidan of OIES, Yan Qin of Refinitiv, Ye Ruiqi of Greenpeace East Asia, Zhang Sufang of North China Electric Power University and Xu Zheng of BP. Any errors are the responsibility of the authors. This paper was first publi...