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Policy redesign for solving the financial bottleneck in demand side management (DSM) in China

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  • Yu, Yongzhen

Abstract

DSM is one of the best and most practical policy tools for China to balance environmental protection and economic growth. However, the bottleneck lies in the lack of long-term, stable, sufficient and gradually increasing funds to flow into DSM projects. The author redesigns the practical 'system benefit charge (SBC)' policy, which will provide long-term and stable funding for DSM, the policy to facilitate the financial support from banking sector and capital market, and investigates the possibility of DSM funding from CDM projects. SBC is the best way to boost long-term stable and sufficient funding for DSM at present in China. The current low inflation rate and natural resource price are favored to expedite the implementation of SBC and DSM developments. With regard to the uneven development, China needs to design relative policies to offset the impact in different areas, such as tax reduction and fiscal subsides. It is time for China to develop a definite and clear target and timetable to implement DSM, which will give the public and enterprises a definite and clear expectation for the future. The government should publicize a clear and integrated DSM development plan and relative policy outline in the near, medium, and long term.

Suggested Citation

  • Yu, Yongzhen, 2010. "Policy redesign for solving the financial bottleneck in demand side management (DSM) in China," Energy Policy, Elsevier, vol. 38(10), pages 6101-6110, October.
    • Handle: RePEc:eee:enepol:v:38:y:2010:i:10:p:6101-6110
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    References listed on IDEAS

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    1. Bachrach, Devra, 2003. "Energy Efficiency Leadership in California: Preventing the Next Crisis," The Electricity Journal, Elsevier, vol. 16(6), pages 37-47, July.
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    1. Alasseri, Rajeev & Tripathi, Ashish & Joji Rao, T. & Sreekanth, K.J., 2017. "A review on implementation strategies for demand side management (DSM) in Kuwait through incentive-based demand response programs," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 617-635.
    2. Sousa, José Luís & Martins, António Gomes & Jorge, Humberto, 2013. "Dealing with the paradox of energy efficiency promotion by electric utilities," Energy, Elsevier, vol. 57(C), pages 251-258.
    3. Li, Yan & Qiu, Yueming & Wang, Yi David, 2014. "Explaining the contract terms of energy performance contracting in China: The importance of effective financing," Energy Economics, Elsevier, vol. 45(C), pages 401-411.
    4. Bell, William Paul & Zheng, Xuemei, 2018. "Inclusive growth and climate change adaptation and mitigation in Australia and China : Removing barriers to solving wicked problems," MPRA Paper 84509, University Library of Munich, Germany.
    5. Ming, Zeng & Song, Xue & Mingjuan, Ma & Lingyun, Li & Min, Cheng & Yuejin, Wang, 2013. "Historical review of demand side management in China: Management content, operation mode, results assessment and relative incentives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 25(C), pages 470-482.
    6. Arteconi, A. & Hewitt, N.J. & Polonara, F., 2012. "State of the art of thermal storage for demand-side management," Applied Energy, Elsevier, vol. 93(C), pages 371-389.
    7. Peter Warren, 2018. "Demand-side policy: Global evidence base and implementation patterns," Energy & Environment, , vol. 29(5), pages 706-731, August.
    8. Jun Dong & Huijuan Huo, 2017. "Identification of Financing Barriers to Energy Efficiency in Small and Medium-Sized Enterprises by Integrating the Fuzzy Delphi and Fuzzy DEMATEL Approaches," Energies, MDPI, vol. 10(8), pages 1-26, August.
    9. Zhou, Kaile & Yang, Shanlin, 2015. "Demand side management in China: The context of China’s power industry reform," Renewable and Sustainable Energy Reviews, Elsevier, vol. 47(C), pages 954-965.

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