Xiamen Torch Development Zone for High Technology Industries is home to an assortment of businesses. CHINA DAILY

Xiamen Torch Development Zone for High Technology Industries has encouraged businesses to practice green development by introducing preferential policies and services, as part of its effort to contribute to the country's goals of hitting a carbon emissions peak before 2030, and achieving carbon neutrality before 2060.

Located in Xiamen, East China's Fujian province, the zone is home to more than 12,000 businesses and has attracted Fortune Global 500 corporations to set up a total of 31 projects.

In October, the zone issued an action plan, supporting businesses to implement energy management contract-like modes to increase their energy efficiency.

Energy management contracts are a market-based mechanism that promotes energy conservation.

According to the plan, from September to December 2022, projects that carry out energy management contracts will be granted incentives, with the maximum amount reaching 1.5 million yuan ($234,580) for each company.

As a national-level high-tech area, the zone has promoted the construction of smart energy projects based on internet technology.

The zone has initiated a project that integrates internet-based smart energy with intelligent manufacturing, which was listed among the first batch of national energy projects last year.

The project has been developed to meet the multiple capacity needs of the zone. Based on the zone's resources, the project gives priority to renewable energy such as solar energy. It aims to establish a flexible and open network to help increase the efficiency of energy recycling and usage.

It also helps to contribute to realizing the integration of energy and information in the zone, and develop a business pattern that coordinates energy production, trading, service and consumption, according to the zone.

Under the support and guidance of the zone, its businesses have also practiced energy conservation and emissions reduction.