As the most efficient; effective and direct solution for building energy saving, China central government as well as many local or provincial governments has since 2004 issued various type of acts; laws or subsidy regulations to support and promote GSHP applications.
• Recently, Shanghai municipal Government announced its policy to subsidy qualified GSHP users RMB 50 per sq.m. Some of the GSHP projects of Nobao renewable energy group has already passed government expert evaluation and received subsidy.
• May, 2006, Beijing municipal government announced related subsidiary policy for installing GSHP system projects ( RMB 35-50per sq.m.), also require that all government investment projects should use GSHP system where possible. Oct. 2008, the city of Shenyang announced that GSHP technology should be applied to more than 16 million sq.m. every year.
• As Chinese government has announced its per GDP CO2 emmission reduction target (40
%-50% down by 2020) on Copenhagen climate Conference 2009,Nobao group’s mature,highly energy-saving and environmental-friendly GSHP HVAC system will experience another enormous development opportunity.