The November/December issue of the Climate Change Business Journal features an article titled Building Financing ESCO Models in China which describes the Institute for Industrial Productivity's new finance work in China. In the article, Patrick D'Addario, IIP's Director, Financial Products, argues that while hundreds of ESCOs operate today in China, the lack of project financing by banks for small and medium size businesses means that ESCOs are still worlds apart from meeting their market potential. IIP, in collaboration with the China Sustainable Energy Program, is working with China's banking sector to develop new approaches and financial products to tap this potential. These approaches and products would not rely on external capital, but draw upon the capacity and capital of China's financial system.
Read the article to find out more.