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Energy Efficiency Development in China : The Successful Partnership of China and the World Bank Group on Energy Efficiency, 1992-2020 (English)

Entering its twenty-ninth year in 2021, the partnership between China and the World Bank (WB) on energy efficiency has been among the top success stories of the WB with any country on energy efficiency. Many billions of US dollars of energy efficiency investment have been generated, achieving streams of energy savings and greenhouse gas (GHG) emissions reductions for past, current, and future years. Yet more important, the partnership has built lasting institutional capacity which now continues to deliver new investments and savings every year. Success in building lasting institutional capacity was particularly hard earned. Given the abundance of obstacles hindering institutional development for energy efficiency in China and all countries, success was generated only through the year-in-year-out persistence of strong joint WB-Chinese teams. Highlights of the projects of the partnership follow, and thoughts on looking ahead to the future conclude this report.

Details

  • Author

    De Gouvello,Christophe, Song,Yanqin

  • Document Date

    2021/12/03

  • Document Type

    Working Paper

  • Report Number

    161111

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    China,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2021/12/03

  • Disclosure Status

    Disclosed

  • Doc Name

    Energy Efficiency Development in China : The Successful Partnership of China and the World Bank Group on Energy Efficiency, 1992-2020

  • Keywords

    small and medium enterprise; energy efficiency development; development of energy efficiency; total primary energy consumption; energy efficiency loan program; time value of money; growth in energy use; risk-sharing arrangement; United Nations Environment Programme; building energy efficiency; energy efficiency investment; carbon emission reduction; district heating system; improving energy efficiency; partial risk guarantee; renewable energy investment; clean energy development; energy efficiency programs; promotion of energy; technical assistance efforts; technical assistance program; central government support; energy service companies; energy service company; building human capacity; stream of revenue; economic growth prospects; technical assistance service; urban energy efficiency; commercial bank loan; implementation of policies; lines of credit; regulation of energy; promoting energy efficiency; energy research institute; expressions of interest; energy efficiency financing; industrial energy efficiency; energy efficiency policy; return on investment; heating system efficiency; provision of guidance; heat supply system; adaptation of technology; energy efficiency service; energy performance contracting; commercial bank financing; estimates of carbon; fixed asset investments; planning and design; energy efficiency measure; commercial building; new business; industrial boiler; market-based mechanisms; partner bank; residential building; loan origination; delivery mechanism; lending window; residential heating; new idea; financial intermediaries; financial intermediation; institution building; planned economy; new investment; national policy; building owners; project financing; energy conservation; net cost; based energy; equity capital; rooftop solar; green energy; new innovation; financial leasing; historical analysis; market economy; domestic bank; heat meter; regulatory system; new company; european community; boiler auxiliary; private bank; boiler work; boiler design; mass production; manufacturing plant; boiler manufacturer; counterpart fund; new technology; analytical study; seed funding; market approach; technical center; grant funds; commercial rates; commercial credit; commercial lighting; industrial equipment; lighting retrofit; support policy; long-term relationship; industrial clients; GHG Reduction; financial auditor; macroeconomic model; several months; ghg emissions; start-up company; new industry; urban zone; emission trading; verification system; program development; policy study; work necessary; Green Buildings; infrastructure system; community planning; narrow road; residential area; Urban Planning; electric system; peak load; demand response; distributed generation; building retrofit; as financial; innovation development; machinery industry; city government; billing system; heat pricing; efficient building; urban heat; monitoring mechanism; financing option; building sector; conservation program; innovative initiative; technological innovation; application demonstrations; transportation planning; urban drainage; internal policies; market trend; bank interest; new market; state bank; finance product; process flows; first year; financial product; bank management; unit charge; funds disbursement; own fund; joint stock; marketing strategies; technical appraisal; industrial sector; Management Systems; statistical system; fiscal policy; Fiscal policies; local enterprise; organizational support; drive system; project lending; old buildings; pollution abatement; medium-size city; active partner; heat loss; building shell; client needs; regulatory effort; high reward; mutual trust; project risk; local area; risk capital; geographic scope; utility financing; commonly known; investment operation; investment financing; industrial process; Performance Standards; partial guarantee; loan security; lending business; default loss; macro level; institutional mechanism; heat reform; residential sector; new venture

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Citation

De Gouvello,Christophe Song,Yanqin

Energy Efficiency Development in China : The Successful Partnership of China and the World Bank Group on Energy Efficiency, 1992-2020 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/722211624896639274/Energy-Efficiency-Development-in-China-The-Successful-Partnership-of-China-and-the-World-Bank-Group-on-Energy-Efficiency-1992-2020