Energy Performance Contracting in China
Article from: OGEL 5 (2012), in China Energy Law and Policy
Introduction
China is already the largest energy consumer in the world according to the announcement of the IEA. However, securing energy supply is still the most challenging issue facing China's leadership and industry players. Since 2000, China's energy demand has rapidly increased as the economy has grown between nine and ten percent each year. Although demand has risen steadily in recent years, the growth of Chinese domestic crude oil production has not kept up to pace with its energy needs. By the end of 2011, China imported nearly 60% of its crude demand from abroad. The Chinese government has ...