AHP-Fuzzy Evaluation on Financing Bottleneck in Energy Performance Contracting in China

Energy Performance Contracting (EPC) conserves energy as a market-based mechanism in many countries and has demonstrated its efficiency in this respect. EPC has been developing in China rapidly in recent years. The main bottleneck for EPC projects in China lies in the lack of enough and efficient financing. The paper, adopting the method of AHP-Fuzzy evaluation, evaluates the EPC financing bottleneck in China across five sectors, namely, iron and steel, chemical industry, buildings, electricity and energy, and discusses the current financing constraints for these sectors. To enable the rapid development of EPC in China, the policy support should be outlined, and sources of finance should be widened. (C) 2011 Published by Elsevier Ltd. Selection and/or peer-review under responsibility of the organizing committee of 2nd International Conference on Advances in Energy Engineering (ICAEE).