Using Financial and Market-based Mechanisms to improve Building Energy Efficiency in China
China has stretching targets to reduce energy consumption per unit GDP, and tackling energy efficiency in buildings will be a key route to achieve these targets. Significant progress has already been made, for example current building codes stipulate that energy consumption in new residential buildings should be 50 percent less than the level of buildings designed in 1980-81. As China already has a number of such ‘command and control’ measures, this study focused on identifying market-based and financial instruments such as carbon and energy taxes, soft loans and subsidies, internal energy saving trading systems (‘White Certificates’) and the Clean Development Mechanism and voluntary carbon markets. It goes on to make recommendations for short and long term actions.
- Author/Editor
- Publishing Year
- 2023
