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Energy conservation in the People's Republic of China: Fiscal measures

Energy conservation Republicanism Australia China

The Government of the People’s Republic of China (PRC) has demonstrated a strong commitment to conserve energy, resources, ecology and the environment; and enhance institutional capacities for sustainable development. It has also emphasized the intent to adopt fiscal and taxation systems that are conducive to “scientific” development, and compensate for use of resources and damage to the ecological environment. This policy note titled Energy Conservation in the People’s Republic China: Fiscal Measures was prepared by the Energy Division of East Asian Department, Asian Development Bank (ADB). The policy note provides broad discussions on major issues relevant to introduction of fiscal measures to improve energy efficiency, and suggests how ADB can help the Government achieve its energy conservation goal by using sound fiscal measures. References of lessons from international experience are included for further research.

This executive summary succinctly presents the salient points of the policy note, which consists of four chapters. Chapter I briefly highlights the importance of energy conservation in the PRC. Chapter II provides analyses on policies and practices for using fiscal measures to promote energy conservation, based on international experience. Chapter III prioritizes the fiscal measures that could best suit with the PRC’s current circumstances. Chapter IV suggests possible areas for further ADB assistance to promote energy conservation in the PRC. A more elaborate Chinese version of the executive summary is also included for benefit of staff of relevant agencies in the PRC.

The authors of this report are: Anil Terway, Kangbin Zheng, Anthony Maxwell, and Hongliang Yang.

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