『Abstract
China's 11th Five-Year Guideline identified energy conservation
as one of the country's fundamental policies and established a
mandatory target: 20％ reduction in national average energy intensity
by 2010. Despite the various policies, laws, and administrative
reforms to support energy conservation, China fell behind schedule
for meeting its conservation targets in 2006 and 2007. Using a
combination of available literature and an interview-based case
study, this paper examines the implementation of energy conservation
and investigates impediments to achieving China's conservation
goal in the electric power generation sector. Three key impediments
are detailed: (1) municipal governments' incentives to overlook
conservation-related central directives primarily because of budget
pressures linked to financial decentralization, (2) procedural
obstacles in the form of time required to obtain project approvals
for high-efficiency power generation units, and (3) financial
obstacles making it difficult for power generation enterprises
to raise capital for energy conservation projects. An interview-based
case study of a state-owned coal-fired electric power generation
company demonstrates the influence of the aforementioned obstacles.
While procedural obstacles are notable, they can be managed. However,
electricity pricing reforms and/or stronger subsidy programs will
be needed to address the financial obstacles facing Chinese power
generation companies.
Keywords: Energy conservation implementation; Electric power sector;
China』
1. Introduction
2. China's ambitious energy conservation program
2.1. Energy conservation in national policy and law
2.2. Management framework for enforcing energy conservation
2.3. Energy conservation targets and performance evaluation
2.4. Financial support for energy conservation at all levels
of governments
3. Obstacles to meeting China's energy conservation goal in the
power sector
3.1. Financial decentralization
3.2. Procedural obstacles
3.3. Financing challenges
4. Energy conservation at the plant level: a case study of Jasmine
Thermal Electric Power Company
4.1. Case introduction
4.1.1. Case selection and data gathering
4.1.2. Jasmine's energy conservation responsibility contract
with LPPG
4.2. Incentives for meeting energy conservation targets
4.3. Jasmine's response to energy conservation targets
4.3.1. Technological renovations
4.3.2. Internal management reforms
4.3.3. Non-compliance with the targets
4.4. Obstacles to complying with the energy conservation targets
4.4.1. Procedural obstacles
4.4.2. Financial obstacles
5. Conclusions
Acknowledgments
References