Energy Efficiency Finance by The World Bank

Author:The World Bank [World Bank, The]
Language: eng
Format: epub
ISBN: 978-0-8213-8450-3
Publisher: THE WORLD BANK
Published: 2010-08-15T00:00:00+00:00

Government Policy and Energy Efficiency Investments

The government has been active in promoting energy efficiency in China. The Chinese government now recognizes its energy use as a risk to the country’s sustained economic growth, and it has committed to conserve its energy and gas emissions, especially through the enactment of the 11th Five-Year Plan and Renewable Energy Law. This was accompanied by a large-scale public campaign on energy conservation. One of the measures included direct loans from state-owned banks to large state-owned enterprises for energy efficiency investments. Furthermore, the government banned loans to steel and cement industries unless the loans were for energy efficiency or pollution reduction. It also introduced a measure to retire old and inefficient plants in many heavy industries. Because of these actions, lending to energy efficiency projects by public sector banks soared in 2007, particularly the policy banks.

TABLE 3.8 Implementation Status of Waste Heat Recovery Projects

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