The Chinese government attempts to use market-oriented measures, such as energy performance contracts (EPCs) rather than mere policy mandates, to encourage manufacturers to voluntarily adopt green technologies. However, the low use rate of EPCs in existing diffusion projects calls for an in-depth examination. This article, therefore, aims to investigate the adoption risks that thwart key stakeholders, as well as the stakeholders' trust that may mitigate the aforementioned risks, through a case study of the national-level diffusion project. Using network analysis, this study identifies four critical risks that are associated to key stakeholders, that is, information asymmetry, funding support, payback period savings potential, and technical competences. Furthermore, it discloses the linkages between stakeholders' trust perceptions and the aforementioned risks. This outcome gives us new insights about what can be improved to better promote EPCs in diffusion projects on a national scale.
This paper presents initial findings on a current approach in public policy to promote green technology diffusion using innovative policy measures, through the case of the electric motor upgrading project (EMUP), and examines the degree of success of local governments in their effort to encourage the adoption of high efficiency motors (HEMs). The barriers to green technology diffusion are explored to showcase the challenges faced by local implementer. This research demonstrates the successes of various regions with an emphasis on Dongguan City, which has enjoyed great success using subsidies and financial tools to promote the use of energy performance contracts as an innovative financing mode. Finally, this article analyzes the methods and outcomes of the EMUP, thus far, in order to explain the reasons behind the success of this initial phase of implementation. Further research will be needed to monitor the progress of this initiative. This article summarizes the policy system and the new model will help to promote the development of energy conservation and environmental protection industry in the strategic emerging industries.
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