China world's second leading investor in energy efficiency for buildings

Download PDF Print this article E-mail
New research has revealed that China has become one of the leading global investors in energy-efficiency for buildings, writes the China Daily website.
 
According to the latest report from the International Energy Association, released earlier this month at the Center for Strategic International Studies in Washington, China came second only to the US when it comes to investment in the energy-efficiency of its buildings, with an investment figure totalling $18 billion in 2014.
 
The annual study focuses on a particular sector each year to assess what energy-efficiency investments are being made and where; this year, the researchers looked at construction.
Philippe Benoit, head of the Energy Efficiency and Environment Division at the IEA in Paris, explained that the figures show the US had the greatest amount of investment, followed by China and then Germany.
 
"We estimated that investment in energy efficiency in buildings is $90 billion, which includes the installation of the inspection system and the lighting in buildings," Benoit stated.
 
In China specifically, the report notes that energy-efficiency investment "has continued to grow in step with the pace of investment growth in the building-construction market. In 2014, more than $18 billion was invested in building energy efficiency in China, with more than $11 billion of that invested in residential buildings."
 
It is thought that this increased investment has been driven by a blend of consumer spending, investments in energy service companies and government programmes such as building codes and retrofitting. While some of these schemes were voluntary, others were compulsory.
 
As one of the largest industrial markets in the world, China has a major part to play in reducing carbon emissions; in fact, it currently consumes more than a fifth (22%) of the world's total oil consumption, using 3,000 million tonnes.
 
What's more, its market is expected to continue developing and expanding over the coming years, meaning if its energy consumption doubles – or triples, even – the country could be accountable for two-thirds of global oil consumption.
 
Having been to China before, Benoit commented that, "It is interesting to see the recognition of the need to seek transformation to move to a different way of growth."
 
He added: "There are a lot of efforts China put into energy-efficiency reform [...] in some of the discussions we had there, the Chinese agencies have [shown] a desire to improve their ability to analyze what is going to impact energy efficiency."
 
AVReporter Energy Management Software is now available in Chinese, serving the demand of this particular market.
 
China building energy management
 

Newsletter

News

  • VEOLIA- Energy Management Solution for utilitiesVeolia is one of the market leader companies in Hungary in the energy, water and waste management industry. The group company employs approximately 2,500 people who provide professional services to various towns, institutions and industrial companies enabling them to efficient manage resources, while the water utility and district heating branches of the company supply drinking water to hundreds of thousands of families, and heat to tens of thousands of households. With its more than 20-year professional experience Veolia is a determining participant of the Hungarian energy market. The energy branch of the company group provides energy to various institutions of 50 local municipalities, 85 state-owned and public buildings, 30 health institutions and 31 industrial plants, while its district heating networks supply 67,000 residential and institutional customers nationwide. In the three power plants of the company operate high-efficiency natural gas blocks and blocks utilizing renewable energy (biomass).
  • Meet us at the Utility Week in BarcelonaThe European Utility Week aims to be a serious information platform connecting the smart utility community, focusing on regional and global developments in Grid Optimisation, Renewables, Energy Storage, Smart Metering, Smart Cities, Smart Homes, Energy Services & Efficiency, Intelligent Buildings, Data Management, Analytics and IoT, Cyber Security, Smart Gas and Smart Water.  The event serves as an annual meeting point for the community and will be attended by 12.000 international visitors, 450 speakers and 600 exhibitors. 
  • Remote Desktop ServiceAs part of our sales support options, remote desktop service is high on demand.
  • AVReporter Windows Phone & IPhone Mobile Client (Remote Meter Reading)With the support of this application the measurement data (identifying meters manually or by QR code) can be entered and sent via email (attachment in CSV file format) easily into the AVReporter server application.  
  • Technical SpecificationsBelow are some of the specific key elements of AVReporter: