Empirical Study on Annual Energy-Saving Performance of Energy Performance Contracting in China
| Autor: | Hongquan Ruan, Chaoxuan Mao, Xin Gao |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
020209 energy
media_common.quotation_subject Geography Planning and Development TJ807-830 Sample (statistics) 02 engineering and technology 010501 environmental sciences Management Monitoring Policy and Law TD194-195 01 natural sciences annual energy saving quantity Renewable energy sources Unit (housing) Empirical research Promotion (rank) 0202 electrical engineering electronic engineering information engineering GE1-350 China energy_fuel_technology 0105 earth and related environmental sciences media_common Environmental effects of industries and plants Renewable Energy Sustainability and the Environment trust investment Environmental economics Investment (macroeconomics) energy performance contracting annual cost saving Environmental sciences Investment decisions Capital (economics) Business |
| Zdroj: | Sustainability, Vol 10, Iss 5, p 1666 (2018) Sustainability; Volume 10; Issue 5; Pages: 1666 |
| ISSN: | 2071-1050 |
| Popis: | A lack of trust in Energy Service Company (ESCo) is the most critical factor affecting the development of Energy Performance Contracting (EPC) in China compared with other constraints. One cannot easily estimate the energy-saving performance of an EPC project. Under that condition, lack of trust may cause the Energy-Consuming Unit (ECU) to suspect the energy-saving performance promised by the ESCo, thus leaving potentially profitable projects without necessary funding. Currently, specific studies taking an across-projects viewpoint on annual energy-saving performance of EPC projects in multiple subsectors objectively and quantitatively are lacking. This paper studies the regression relationships of annual energy-saving quantity in terms of revamping cost and the regression relationships of annual cost saving in terms of revamping cost. The regression results show that there are statistically significant correlations in the above relationships in the nine subsectors investigated. This is significant for ESCos and ECUs because knowledge on energy-saving performance could contribute to EPC investment decisions and trust relationships between ESCos and ECUs. Then a multiple linear regression model of revamping cost is set up to analyze its influencing factors. The model indicates that the subsector the sample belongs to, financing, registered capital of the ESCo, and contract period have significant effects on revamping cost. Thus, policy implications regarding innovation of EE promotion technology, clarifying ESCos’ exit mechanism, innovation of financing mechanism, and improving the market credit environment for promoting investment in EPC projects are provided. |
| Databáze: | OpenAIRE |
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