Abstract
Abstract With the development of China’s economy, the total area of public buildings is continuously increasing, and higher energy consumption in this field is gradually becoming prominent. In order to improve this situation, China has been working on energy savings in public buildings since 2007. Energy-saving models and energy policies have become the lifeline of sustainable energy development. Furthermore, the energy-saving renovation of public buildings, as a key project, has attracted the attention of governments and scholars. In the report of the 18th National Congress of the Communist Party of China, energy conservation and emission reduction were given a prominent place. The 13th Five-Year Plan (2016-2020) aims to further promote China’s energy conservation work. On the one hand, administrative and legal measures should be taken to strengthen energy conservation. On the other hand, it is necessary to speed up the establishment of a long-term market-based energy-saving mechanism and to rely on market forces to remove various obstacles to energy conservation. Energy performance contracting (EPC) is a practical and effective method applied in energy conservation. Therefore, this research aims to put forward a relatively perfect energy-saving risk management system for EPC public building projects based on analysis of the factors influencing investment risks of energy-saving projects and the use of quantifiable risk management models, thus providing some theoretical support for the risk decision-making of energy service companies.
Highlights
Energy-saving services are emerging in many countries around the world
Applied Mathematics and Nonlinear Sciences 1–10 have been involved in this field earlier have developed a relatively stable energy-saving service industry, especially the United States, which has >2100 professional energy-saving enterprises, some of which have formed transnational groups and occupy an absolute market share in this industry
Energy consumption in China is pretty huge, and buildings account for nearly 30% of the total energy consumption, of which public buildings take up the highest proportion
Summary
Energy-saving services are emerging in many countries around the world. The total area of public buildings in China is continuously increasing. Energy conservation and emission reduction are crucial to the sustainable development of energy management. Energy consumption in China is pretty huge, and buildings account for nearly 30% of the total energy consumption, of which public buildings take up the highest proportion. This field has become the focus of energy managers. ESCOs can take advantage of national policy support to make a big splash, relying on national energy conservation and emission reduction policies to create new markets for EPC service industries
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