China Energy Efficiency Financing and Additional Financing Description Country Challenge China's energy-intensive manufacturing industries account Purpose: To mainstream investment in energy conservation in China’s industrial sector. for about 50 percent of its total energy consumption and operate at significantly higher levels of energy intensity Expected Results (include): than international best practices. The significant potential • 6.5 million tons of CO2eq. emissions reduced for conserving energy and reducing greenhouse gas annually. • 21.8 million MWh in annual energy savings emissions is largely untapped in these industries. (assuming 150 subprojects). Project Goals IBRD Financing: US$200 million + US$100 million The project promotes financing through the Export-Import additional financing Bank of China and Hua Xia Bank for projects in medium and large-sized manufacturing companies. The project also strengthens the government’s capacity to implement industrial energy efficiency policies and programs for future greenhouse gas emission reduction goals. © World Bank For more information: http://www.worldbank.org/projects/P084874/china-energy-efficiency-financing?lang=en&tab=overview © World Bank 40