| Abstract |
Voluntary Agreements were chosen by the State Economic and Trade Commission (SETC) as a new policy mechanism to test in China’s industrial sector where the movement toward a market economy is demanding innovative methods for supporting and transforming essential enterprises. Analysis of the potential for energy efficiency improvement in various energy-intensive industrial sectors in China led to the choice of the iron and steel industry for a pilot project to evaluate this new concept. SETC chose Jinan Iron and Steel Company (Jigang) and Laiwu Iron and Steel Company (Laigang) to test this innovative policy mechanism. The Pilot Project has been developed collaboratively with representatives from Jigang and Laigang, SETC, and the Shandong Economic and Trade Commission (ETC). 7 This report provides information on international experience with Voluntary Agreements and then provides methodologies and guidelines for developing and implementing a pilot Energy Conservation Voluntary Agreement with the two steel enterprises in Shandong Province. |
