Global trends and development of energy services industry in China

Energy service is an effective way to promote energy conservation by market mechanisms, including energy saving services, energy procurement, supply of many varieties of energy, supply of renewable energy technologies, energy-related consulting services, risk management, etc. China is a major energy consumer but energy is in short supply, and the efficiency of energy use is low. China’s energy service industry has expanded rapidly, in terms of both the number of new Energy Service Companies entering the market and amount of capital invested in Energy Performance Contracting projects, but the energy service sector in China is still at an early stage of development. Developed countries began early in developing the energy service sector and their energy service market is mature, and the experience of developed countries shows that energy services play a significant role in advancing energy saving and emission reduction. Under the new situation, China needs combine energy services experience of developed countries, and take following measures to accelerate China’s energy services rapid and healthy development, including the long-term aspects of policy planning, energy-saving core technology, finance and capital investment, public sector reductions, personnel training, and so on.