Buying green electricity directly may be more expensive, but Hubei companies have a trick to use carbon quotas as “hard currency”: they can get loans, buy electricity, and reduce carbon. Businesses make money while using electricity, and green electricity sells better as a result. The “magic” of this cycle is called the “electricity-carbon-finance” three-market coordination mechanism. We learned from the State Grid Hubei Electric Power that through a year and a half of operation, more than 40 companies have participated in the mechanism, and a total of 324 million kilowatt-hour green power deals have been reached.

Buying green electricity directly may be more expensive, but Hubei companies have a trick to use carbon quotas as “hard currency”: they can get loans, buy electricity, and reduce carbon. Businesses make money while using electricity, and green electricity sells better as a result. The “magic” of this cycle is called the “electricity-carbon-finance” three-market coordination mechanism. We learned from the State Grid Hubei Electric Power that through a year and a half of operation, more than 40 companies have participated in the mechanism, and a total of 324 million kilowatt-hour green power deals have been reached.