Energy efficiency strategy, standards and investment

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Paris alignmentReasoning
UnalignedOnly subsidiary CDBC has draft standards in power and buildings but they have never been finalised.
Overarching energy efficiency first strategy/principle
There does not appear to be an overarching energy efficiency strategy/principle.
Transport energy efficiencyBuilding energy efficiencyFinancial intermediary energy efficiency
There is no information on this metricOnly subsidiary CDBC has draft standards in power and buildings but they have never been finalised, and contain very minimum standards.There is no information on financial intermediaries.

Explanation

In 2018, urban renewal and public infrastructure accounted for over a third of CDB’s financing, and the interlinked area of transport accounted for 23%. In CDB’s 2018 sustainability report, it appears the cumulative totals for railways accounted for RMB 1.54 trillion, highways accounted for RMB 3.19 trillion and urban rail transit projects accounted for RMB 0.72 trillion. The regional split of these investments is unclear.

There is a lack of information for CDB energy efficiency standards. A subsidiary of CDB, China Development Bank Capital (CDBC), has published a draft of ‘12 Green Guidelines’ for urban development. CDBC is currently funding ‘new type’ urbanisation projects in 40 cities across China and has set aside USD 15 billion for two pilot test cases which are utilising these green and smart guidelines. It is unclear whether these draft guidelines are applied to CDBC projects or in any wider China Development Bank funded projects, as they were never finalised but a version of these guidelines are referenced in development plans within CDBC. These draft guidelines specify that in urban areas, every project should analyse the potential for district energy, such as combined heat and power (CHP), waste to energy, and waste heat re-use. For building energy efficiency, the guidelines state that at least 70% of buildings should meet the Ministry of Housing and Urban-Rural Development (MOHURD) One-Star standard, 20–40% of buildings should be MOHURD Two-Star, and 5–15% of buildings should be MOHURD Three-Star within any development.

Last Update: July 2021