Industrialization of building energy conservation will bring huge business opportunities to related industries

Industry experts generally believe that in order to promote building energy conservation, the country will also issue relevant credit, financial, and tax incentive policies, and local governments will also adopt flexible supporting measures. The vigorous promotion of building energy conservation will inevitably lead to the development of a series of related industries, such as the new wall insulation materials industry, solar energy and other renewable energy industries, energy-saving lamps and other energy-saving products industry, building energy-saving engineering consulting industry. In the face of this huge "cake," related companies should do more.

During the “12th Five-Year Plan” period, the National Development and Reform Commission will introduce a market mechanism and vigorously develop the energy-saving service industry. The building energy-saving industry will also consider establishing a "leadership system," which is to select one of the best energy efficiency companies in different areas of energy use and make it a leader in the industry, thereby helping companies identify gaps and find improvement measures.

Deputy Minister of Finance Zhang Shaochun believes that the development of energy-saving construction industry can drive the development of related industries such as new building materials , instrument manufacturing, and construction, and it will have significant effect on expanding domestic demand and promoting employment.

The development prospect of the building energy-saving industry has also been recognized by many financial institutions. Pudong Development Bank, CITIC Bank, and Bank of Communications have all launched a number of green finance businesses. Wang Qingrong, an official of the China Banking Regulatory Commission, said that the banking sector has achieved initial results in launching green credit and promoting energy-saving and emission reduction. In addition to actively promoting innovations in financial products and services for energy conservation and emissions reduction, it will also increase financial support for key energy conservation and emission reduction projects and strategic emerging industries to provide loan support for CDM projects.