Energy Conservation Project, Phase II

closed

The Second Energy Conservation Project will expand domestic investment in energy efficiency projects, through the aggressive development of China's nascent Energy Management Company (EMC) industry, thus achieving large-scale energy efficiency improvements, and associated reductions in the growth of carbon dioxide emissions, and other pollutants. The project includes three components: 1) the EMC service component consists of a large capacity building, and technical assistance program to assist EMC develop businesses, and help develop policy support. The function of the EMC Service Group is to provide service to emerging EMCs, in developing a training programs for their establishment, corporate structuring and identification of types of corporate partners, and in overcoming operational problems. In addition, EMC will advocate, and recommend policy support activities to the Government, international institutions, and other groups to foster industry growth; 2) the project management and monitoring component, will support central coordination, monitoring and reporting of project activities; and, 3) the EMC loan guarantee program is designed to provide emerging EMCs with enhanced opportunities to receive loans from domestic banks, and to engage the banks in the development of a sustainable EMC industry.