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Energy conservation assessment of fixed-asset investment projects: An attempt to improve energy efficiency in China

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  • Hu, Yuan

Abstract

Fast economic growth in China has generated energy and environmental problems. Fixed-asset investments have contributed significantly to energy consumption. In China, an energy conservation assessment (ECA), a mechanism similar to the existing environmental impact assessment (EIA), has been applied to improve the energy efficiency of new fixed-asset investment projects. In this paper the origin and development of the ECA system is analyzed and the major features of ECA are discussed. To identify the success and failure of the ECA system, case studies are analyzed and comparison between ECA and EIA, which has been used in China for over 30 years, is made. Based on the analysis, recommendations are provided for the improvement of the ECA system in China. Despite the ECA system only being established for a relatively short time, it has clearly achieved significant success. With further efforts it could play an important role in achieving the goals of improving China’s energy efficiency and reducing green house gas emissions.

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  • Hu, Yuan, 2012. "Energy conservation assessment of fixed-asset investment projects: An attempt to improve energy efficiency in China," Energy Policy, Elsevier, vol. 43(C), pages 327-334.
    • Handle: RePEc:eee:enepol:v:43:y:2012:i:c:p:327-334
    DOI: 10.1016/j.enpol.2012.01.009
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    References listed on IDEAS

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    1. Price, Lynn & Wang, Xuejun & Yun, Jiang, 2010. "The challenge of reducing energy consumption of the Top-1000 largest industrial enterprises in China," Energy Policy, Elsevier, vol. 38(11), pages 6485-6498, November.
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    2. Lijun Zeng & Laijun Zhao & Qin Wang & Bingcheng Wang & Yuan Ma & Wei Cui & Yujing Xie, 2018. "Modeling Interprovincial Cooperative Energy Saving in China: An Electricity Utilization Perspective," Energies, MDPI, vol. 11(1), pages 1-25, January.
    3. Bi, Gong-Bing & Song, Wen & Zhou, P. & Liang, Liang, 2014. "Does environmental regulation affect energy efficiency in China's thermal power generation? Empirical evidence from a slacks-based DEA model," Energy Policy, Elsevier, vol. 66(C), pages 537-546.
    4. Zhang, Xiaohong & Wu, Liqian & Zhang, Rong & Deng, Shihuai & Zhang, Yanzong & Wu, Jun & Li, Yuanwei & Lin, Lili & Li, Li & Wang, Yinjun & Wang, Lilin, 2013. "Evaluating the relationships among economic growth, energy consumption, air emissions and air environmental protection investment in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 259-270.
    5. Jahira Debbarma & Hyoungsuk Lee & Yongrok Choi, 2021. "Sustainable Feasibility of the Environmental-Friendly Policies on Agriculture and Its Related Sectors in India," Sustainability, MDPI, vol. 13(12), pages 1-14, June.
    6. Yingjian, Li & Abakr, Yousif A. & Qi, Qiu & Xinkui, You & Jiping, Zhou, 2016. "Energy efficiency assessment of fixed asset investment projects – A case study of a Shenzhen combined-cycle power plant," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 1195-1208.
    7. Ludovico Alcorta & Morgan Bazilian & Giuseppe De Simone & Ascha Pedersen, 2012. "Return on Investment from Industrial Energy Efficiency: Evidence from Developing Countries," Working Papers 2012.35, Fondazione Eni Enrico Mattei.
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