Building Energy Efficiency In Asia

BUILDING owners in Asia markets are motivated by savings and government programs to drive energy efficiency decisions, according to the 2013 Energy Efficiency Indicator (EEI) study by Johnson Controls.

The survey revealed a 10 percent increase in interest in energy efficiency since 2010 in Asia, and a lack of capital and insufficient payback as key obstacles to implementing energy projects.

“Findings from this year’s study show a growing interest in energy efficiency in Asia, but also suggests that public policies and private investment must work together to transform interest into action in Asia,” said Soren Bjerg, Vice President and Managing Director of Johnson Controls.

The top energy efficiency driver for Asia is energy cost savings, consistent with businesses globally. Government incentives, rebates, and policy are also deemed important. Other notable findings include the criticality of energy security to China and India; as well as India and Singapore being the only countries surveyed worldwide to rank enhanced brand or public image as one of the top five drivers.

Despite the diverse nature of the markets across Asia, the countries surveyed generally favored the use of tax credits or incentives as the energy policy for greatest impact, with Australia showing a particularly high preference at 30 percent. For China, stricter building codes as well as green appraisal standards are on a par with tax credits or incentives. Singapore also accords a notably high level of importance to carbon pricing compared to the other countries in Asia.

This is the seventh annual EEI study of global building leaders that tracks key energy efficiency trends, drivers for action, and barriers around the world. More than 3,000 decision-makers in 10 countries participated in the survey this year. In Asia, 1,263 executives who manage energy decisions for buildings from Australia, China, India, and for the first time, Singapore, were surveyed.

Get a comprehensive report of the 2013 Energy Efficiency Indicator study here.

Picture of Singapore skyline by chenisyuan (chenisyuan) [GFDL or CC-BY-SA-3.0-2.5-2.0-1.0], via Wikimedia Commons

Tuesday 15th October 2013

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