China’s Energy Consumption continues to rise

Posted on March 1, 2011 by


China, in line with being the largest source of GHG emissions, has increased it’s energy consumption by 5.9 percent last year. China remains the world’s fastest-growing major economy and the factories have ramped up production to fuel it. This data was released by the National Bureau of Statistics. In coal equivalent terms, the energy use has increased to 3.25 billion metric tons in 2010. On the intensity front, the per unit of gross domestic product reduced by 4.01 percent.

China’s economy is strong and the growth rate has increased to 10.3 percent in 2010. This is the fastest pace recorded in the past three years. Being a heavily manufacturing driven economy, the rise in industrial production has proportionate relation to the demand for fuel and electricity. The crude oil consumption has increased by 12.9 percent last year while power use increased 13.1 percent. The consumption for natural gas rose 18.2 percent and coal consumption gained 5.3 percent.

As a part of its negotiating position in the climate change discussions, China aims to reduce energy use per unit of GDP by 17 % by 2015. China has failed to meet a target to cut consumption by 20 percent in the 2006-to- 2010 period, which was grossly unrealistic to begin with.  The Chinese government has established the annual economic growth target of 7 percent for the five-year period till 2015.

China will make sure that it meets the economic growth target. Whether the energy intensity targets get met remains to be seen.

 

Source : Bloomberg

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