Meeting with Jiangsu Development and Reform Commission (Jiangsu Energy Bureau)

2021-11-22 | Shanghai, Nanjing

On 22nd November 2021, the European Chamber Shanghai and Nanjing Chapters jointly hosted an online meeting with the Jiangsu Development and Reform Commission (Energy Bureau of Jiangsu) focused on the policy interpretation of the ‘dual control’ energy strategy and its overarching impact on the business landscape for foreign investment.
Key concerns raised from the National Vice Chair of the Energy Working Group focused on industry efficiency benchmarks issued last week by the NDRC, including the potential timeline for the launch of the benchmark and whether companies would continue to face issues on total energy consumption. Further comments from the European business community were made outlining the negative impact of this year’s power shortages on the investment confidence from European HQs, and opportunities regarding green power investment and concerns over long-term access to green energy.
The Deputy Director General of the Jiangsu Development and Reform Commission (Jiangsu Energy Bureau) reiterated that prior notice would be provided for future power cuts to enable member companies to make arrangements in advance, while energy-intensive industries would be prioritised for the implementation of the industry benchmarks. Jiangsu provincial government leaders also stressed the importance of stabilising foreign investment by mitigating the power shortages and building on the foundation for energy development in Jiangsu.