Abstract: DSM is one of the best and most practical policy tools for China to balance environmental protection and economic growth.However,the bottleneck lies in the lack of long-term,stable,sufficient and gradually increasing funds to flow into DSM projects.The author re-designs the practical "system benefit charge(SBC)" policy which will provide long-term and stable funding for DSM,aiming at facilitating the financial support from the banking sector and the capital market.The author also investigates the possibility of DSM funding from CDM projects.SBC is the best way to boost stable and sufficient long-term funding for DSM in China today.The current low inflation rate and natural resource price are favorable to the expedition of the implementation of SBC and DSM development.With regard to the uneven development,China needs to design cooresponding policies to offset the impact in different areas,such as tax reduction and fiscal subsides.It is time for China to develop a definite and clear target and timetable to implement DSM,which will give the public and the enterprises a definite and clear expectation for the future.The government should publicize a clear and integrated DSM development plan and policy outline in the near,medium,and long term run.

Key words: DSM funding mechanism, system benefit charge(SBC) policy

摘要： 需求侧管理(DSM)在中国发展的主要瓶颈之一在于缺乏长期、稳定、充足的资金流入相关的项目。笔者设计了可行的"系统效益收费"(SBC)政策"五年行动计划",旨在为其提供长期稳定的资金,促使来自银行和资本市场的资金流向能效和需求侧管理项目;同时,本文也探讨了运用来自"清洁发展机制"(CDM)项目资金支持需求侧管理项目的可能性。"系统效益收费"是推动需求侧管理项目获得长期、足够资金支持的最佳政策之一。当前相对可控的通胀和低电价是加速系统效益收费政策实施和需求侧管理发展的有利时机。考虑到发展不平衡,中国需要相应的政策设计(例如税收减免和财政补贴)抵消这些政策对不同地区的冲击,制定明确清晰的目标和时间表来推动需求侧管理,使企业和家庭有一个明确清晰的预期并逐渐适应。政府应该公布一个清晰的需求侧管理近期、中期和长期的综合发展计划以及相应的政策大纲。

关键词: 需求侧管理, 融资机制, 系统效益收费政策