Meta Data
Title in national language: 
Revision of previous policy?: 
Draft Year: 
Effective Start Year: 
Document Type: 
Economic Sector: 
Energy Types: 
All, Other
Issued by: 
Ministry of Finance, National Development and Reform Commission
Overall Summary: 
To accelerate the promotion of advanced energy conservation technologies, improve the efficiency of energy utilization, and realize the binding target of reducing energy consumption per unit of GDP by 16% during the “12th Five-Year Plan” period, and in accordance with the Energy Conservation Law and the Outline of the 12th Five-Year Plan for National Economic and Social Development, the Central Treasury shall, by means of “replacing subsidies with rewards,” continue to arrange special funds to provide appropriate support and rewards for enterprises to carry out energy conservation technology retrofits. To strengthen the administration of financial funds and improve the efficiency of fund utilization, we have formulated the Administrative Measures for the Financial Incentive Funds for Energy Conservation Technology Retrofits for your compliance and implementation.
EE financial incentives: 
The central government shall continue allocating special funds and adopt approach of "substitute subsidies with awards" to provide appropriate financial support and incentives to energy technology renovation projects. In order to ensure projects' actual energy saving effect, funding rewards shall be linked with energy saving amount. Awards shall be provided to project enterprises that achieve energy conservation targets. Award criteria is as follows: after project completion, one-time awards shall be provided to energy technology renovation projects according to actual annual amount of energy saving by 240 CNY/ metric ton of coal equivalent in eastern region and 300 CNY/metric ton of coal equivalent in middle and west regions.
M&E of policy implementation: 
Local energy conservation authorities and financial department shall strengthen preliminary verification of project declaration and be responsible to review authenticity of the projects.