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With the goals of carbon peaking and carbon neutrality, China's renewable energy has entered a stage of rapid development. The government gives financial and power-rate subsidies to clean power while putting great support on its construction. However, there is currently a big gap in the government's subsidy on new energy power generation, which is challenging to meet the demand for renewable energy consumption and sustainable development. In this regard, participating in the market is inevitable for renewable energy development, which is significant for promoting renewable energy power consumption and alleviating the subsidy dilemma. Considering the market-based mechanism, this paper regards the electricity market, the tradable green certificate market, and the carbon emissions allowance trading market as an integrated energy platform system that couples carbon emissions with electricity, linking generators and retailers. We consider two scenarios, including green electricity–green certificate separation and unity, and introduce the intermittency of new energy generation to construct the optimal pricing decision for this platform supply chain. We explore the optimal price of tradable green certificate for renewable power and the equilibrium demand for green power and thermal power in two circumstances. The results show that: (1) there is an equilibrium solution in various conditions. Moreover, the optimal price of green certificate in condition two, namely green electricity–green certificate unity, is higher when the on-grid price of green electricity and thermal one and the substitution effect of these two powers satisfy a certain constraint, which can stimulate generator and retailer to generate and consume green electricity as much as possible. (2) The price of carbon emissions and the responsibility weight of renewable electricity consumption both have a positive influence on the optimal price of green certificate and the share of equilibrium demands for green power, whereas intermittency of new energy generation has a negative impact on them. Adjusting the carbon price and incentive responsibility weights and taking relevant measures to reduce intermittency in different situations help to reduce thermal power demand and promote green power consumption. (3) When the prices of green certificates in diverse circumstances are in a certain interval, the impact intensity of changes in green certificate price on electricity demand will arise. It is conducive to performing the facilitative role of green certificate price on the power market better and stimulates the generation and consumption of new energy power in the carbon-electricity coupling market. • Through the carbon-electricity coupling perspective, the optimal TGC price was explored. • Introducing substitution effects of green power and thermal power to analyze optimal TGC prices. • A higher incentive responsibility weight of renewable consumption in scenario two can promote the retailer to consume. • Impact intensity of changes in green certificate price on power demand will arise when the price is in a certain interval. [ABSTRACT FROM AUTHOR]

Following India's efforts to mitigate the emission of greenhouse gases, there has been a transition from fossil fuels to clean energy sources, such as solar and wind, in the energy portfolio. The renewable energy sector is widely acknowledged as a fertile ground for employment creation, as it is labour-intensive. Against this backdrop, the main objective of this paper is to provide an empirical explanation of how the growth of renewable energy sources, particularly solar photovoltaic (PV) technology, affects employment creation in India. The findings reveal that, despite a substantial investment in India's solar PV technology, the number of jobs created by the sector declined marginally from 164000 in 2017–114000 in 2018. India's estimated employment elasticity is just 0.004, implying that the level of employment does not show a significant positive response to changes in installed capacity. Almost 60 per cent of the global solar PV workforce is in China, which has become the leading country both in terms of installed capacity of global solar PV technology and manufacturing of solar PV cells and modules. The wide disparity in solar PV employment between India and China is explained by the former's excessive dependence on China for solar PV cells. Alongside climate conservation, India should, therefore, place more emphasis on revitalising the domestic solar manufacturing industry to bring about efficient use of the nation's untapped resources. [ABSTRACT FROM AUTHOR]