| Regulatory Framework Name | Investment in housing renovation as part of a wider industry support package |
|---|---|
| Regulatory Framework Description | As part of a wider ¥ 4.35 trillion package, China will begin the renovation of 39,000 old urban residential communities and support the upgrading of plumbing and wiring and the installation of elevators in old residential buildings; it will also encourage the development of community services such as elderly home care, the provision of meals, and cleaning services. According to the recent document, the government provided 53.4 billion RMB to local governments for encouraging their fiscal spending on the renovation of old urban residential communities. This spending encourages some green investments, such as the Energy-saving improvement on old buildings and the installation of charging stations . Since only an unquantified part of the renovation programme is linked to clean energy, this measure is classified here as "other energy". |
| Country of Implementation | China |
| Regulatory Framework Reference | http://www.gov.cn/xinwen/2020-07/21/content_5528678.htm |
Investment in housing renovation as part of a wider industry support package
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We have fund our selves at a crossroads. Buildings energy efficiency is not moving fast enough to meet the Paris Agreement goals. Innovative financial instruments, business models and regulatory frameworks are urgently needed.
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The project ‘Climate Positive Circular Communities’, short name ARV, is funded by the European Green Deal initiative as an Innovation Action within the Horizon 2020 Framework Programme. The enclycopenergy is a flower germinating from the ARV in order to map the world state of art when it comes to energy efficiency financing, business models and regulatory frameworks. The Green Digital Finance Alliance as an ARV Consortium partner is in the lead of such an effort.
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The Encyclopenergy is a crowd-open-sourced encyclopedia of energy efficiency enablers. It is a crowdsourced global catalogue of financing tools, business models, and regulatory frameworks enabling, empowering, and scaling energy efficient solutions for the built environment. It also offers intelligence to list demonstrations and organization working in the field with the hope this will be a boomerang to boost the renovation wave.
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