Policy analysis and mode design on incremental investment and financing of building energy efficient market in China
Development barriers of building energy efficient market (BEEM) in China mainly centralize on unitary construction capital source channel and deficient effective capital supply. To the key problems of capital financing in BEEM, this study takes the incremental investment and financing (IIF) as research object. Establish two-stage leader-followers game model based on Stackelberg with government and other investors during the course of IIF for BEEM, and prove that government's participant degree and mode have important influence on market investment efficiency and proposed policy path improving IIF influence factors. Propose three types of policy path including CAC, MBI and market standardization policy type (MSP). On the basis of research result, propose three IIF modes suit for this stage in China, which include IIF mode combining market admittance and energy efficient label, IIF mode based on existing residential building energy efficient retrofit mode and IIF mode under energy efficient supervision framework.