Monday, November 22, 2010

20% of global energy to be used by China in 2035

From http://www.ft.com/cms/s/0/2ea6681e-ec27-11df-9e11-00144feab49a.html?ftcamp=rss#axzz160FxwGX8 (in English)

According to the annual report of the International Energy Agency, its World Energy Outlook , forecasts announce a huge growth of energy consumption in China in the next two decades, estimated at 75% between 2008-2035. China’s energy demands are expected to achieve 20% of the global demand and 36% of the projected growth. The most important increase in demand will be due to the transportation sector, with car sales expected to increase about tenfold by 2035. To cope with this, global oil demand will have to increase 18%, from 84 million barrels a day to 99 million barrel a day. According to the executive director of the International Energy Agency, Mr. Nobuo Tanaka, global energy security and climate change due to fossil-fuel use will largely depend on how China responds to the challenge of coping with its booming energy demand.

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