In an announcement on May 6th, 2012, the Chinese Ministries of Finance and Housing and Urban-Rural Development set the country’s first official goal for the development of energy-efficient buildings. The government’s goal would see energy-efficient buildings occupying 30% of all new construction projects by 2020.

The government will seek to advance this goal by increasing policy incentives and improving industry standards, as well as promoting technological progress and the development of related industries. In a document detailing the policy change the government outlined a range of subsidies for new buildings which will increase according to their score on a grading system specified in an evaluation standard introduced by the Chinese government in 2006. Builders of first-tier buildings will be eligible for a subsidy of 80 yuan ($US12) per square meter, while second-tier buildings will yield a 45 yuan per square meter payment.

Another key area relates to public welfare and low-income housing projects funded by the government itself. Green construction standards will apply to all such projects by 2014. By 2015, the government aims to have built more than 1 billion square meters of energy-efficient floor space in these areas.

The ministers also announced a goal of bringing China's building energy consumption ratio closer to that of developed countries by 2020.

The 2nd Low Carbon City Development World Forum, held this coming Monday (May 14th) and Tuesday (May 15th) will feature two Chinese experts in the field, Professors Yin Zhi and Li Xiaofeng from the Beijing Tsinghua Urban Planning & Design Research Institute, China who will deliver addresses on urban planning and green building.

Source: China Daily (USA) article

Read more: Details regarding the policy at Construction Source

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