China:China to steer global energy consumption: IEA
Write:
Eloy [2011-05-20]
International Energy Agency (IEA) said world s fastest growing economy, China will drive rising energy consumption and carbon dioxide emissions over the next 25 years.
According to IEA s chief economist Fatih Birol, the dragon nation will also lead the way in new sources of renewable energy.
China s increasing appetite for energy will drive rising global energy demand over the coming decades, putting the country in position to mold the future of both energy security and alternative energy sources, he said.
China's daily demand for oil is projected to triple to 13 million barrels a day by 2035, according to the 2010 World Energy Outlook, released Nov. 9.
At the same time, the country's per capita carbon dioxide emissions will also grow 41 percent, to 6.9 metric tons in 2035.
China will account for 58 percent of the global increase in carbon dioxide emissions by 2035, according to the report, and also for 39 percent of the increase in global energy demand.
The second-largest contributor to the increase in global energy demand, India, accounts for 18 percent of the rise.
A primary driver of China's rising energy demand will be the increasing number of car owners, says Birol.
In China today, 30 out of 1,000 people own a car, compared with the US, where 700 out of 1,000 people own a car. By 2035, 240 out of 1,000 people in China will own a car an 800 percent increase, yet still one-third of where the US is today.
China's car fleet, today estimated at 40 million, is projected to grow to 135 million by 2035.
China will become a global leader in solar, wind, nuclear, and advanced car technologies over the next 35 years, Birol says, which will have enormous implications for world energy use.
China, which consumed half as much energy as the United States in 2000, surpassed the US in 2009 to become the world s largest energy user.
China will overtake the US in 2025 as the world's biggest spender on oil imports, according to the IEA.