Study On Australia's Renewable Energy Development and Renewable Energy Certificate System

Abstract

Based on serious concerns about climate change and energy security,the Australian Government has introduced renewable energy certificate aimed at encouraging additional generation of electricity from renewable sources to fulfill their renewable energy target(REC).This study explores a series of rules relevant to renewable energy certificate and especially examines the operating mechanism of REC,and then puts forward a suggestion that China should implement REC system in the field of new energy because of the increasingly mature of transmission infrastructure,legal environment and operation of the market mechanism.