China announces details of subsidies to retrofit public buildings
Shanghai. July 7. INTERFAX-CHINA - China has released details of subsidies for energy-saving retrofits for public buildings as part of a scheme intended to help meet energy intensity reduction targets under the 12th Five-Year Plan (2011-2015), China Securities Journal reported July 6.
The 40 cities participating in the scheme, which was unveiled in May, have yet to be disclosed. They are expected to retrofit at least four square kilometres of floor area every two years, and will receive a subsidy of RMB 20 ($3.10) per square meter, the report said.
The initiative is spearheaded by the Ministry of Housing and Urban-Rural Development (MOHURD) and aims to help reduce the energy intensity of public buildings in the selected cities by 20 percent over the five-year period, according to the report.
Meanwhile, MOHURD is targeting a 10 percent reduction in national energy intensity by 2015.
Shanghai is expected to be one the 40 participants, Zhang Minjie, a researcher with the Shanghai Research Institute of Building Science (SRIBS), told Interfax.
China's central government has set an 18 percent energy reduction target for Shanghai under the 12th Five-Year Plan.
Meanwhile, Zhang noted that SRIBS has developed an energy monitoring system for Shanghai's public buildings that will supply data to the municipal government.
-TW
