This policy aimed to foster the expansion of the energy service market (ESCO), to stimulate private investment in energy efficiency and renewable energy projects and to encourage enterprises to develop energy efficiency and renewable energy projects. Therefore, the fund facilitated that enterprises should reduce the energy cost and gain potential benefits from carbon reduction revenue through global carbon market, and encouraged energy savings and dependency on energy imports. IEA/IRENA Global Renewable Energy Policies and Measures Database © OECD/IEA and IRENA, [November 2020]