The Energy Efficiency Credit Guidelines have been issued by the China Banking Regulatory Commission and the National Development and Reform Commission to enable scaling up of financing of energy efficiency projects in line with national energy-saving and low-carbon development strategies.
The Guidelines encourage commercial banks to expand their energy efficiency lending activities, in particular to fund energy saving projects in energy-intensive industries, energy service companies, and projects that have been put forward as a result of energy audits.
The energy efficiency projects prioritized by the Guidelines cover all end-use areas:
- Industry: including steel industry, petrochemicals, construction materials, paper and pulp, textiles, food and beverages as well as lighting;
- Buildings: including existing and new residential buildings, public buildings, with a focus on measures to improve energy efficiency in central heating systems, cooling equipment and system, renewable energy application, etc.
- Transport: including road transport, rail transport, water, transport, air transport and urban transport services
- Other relevant cross-cutting projects building energy conservation
In addition, the credit guideline encourages financial institutions to explore innovative measures, including securitisation of assets based on EE credits, introducing specialised EE credit guarantees as well as building more capacity within financial institutions to better identify and assess energy efficiency projects.