China is now the World’s # 1 energy user
China is now the World’s # 1 energy user
China overtook the USA last year to become the World’s # 1 energy user, the International Energy Agency reported Monday.
Beijing’s new status is expected to make it even more influential in global energy markets, in determining prices and how it is used.
China clinched the top slot more quickly than had been expected because the USA has over the past decade far outpaced China in using energy more efficiently. On a per capita basis, the USA still uses far more energy than China and remains less efficient than Europe.
Fatih Birol, the IEA’s chief economist, said: “In the 2000, the USA consumed twice as much energy as China, now China consumes more than the USA.” He noted that the USA had improved the efficiency with which it uses energy by 2.5% annually during that time, while China managed only a 1.7% annual improvement.
“On the one hand, the USA has come to a certain saturation of energy use, but there have also been lots of efforts, especially since Y 2005, to use energy more efficiently,” he said.
China last year consumed 2,252M tonnes of Crude Oil equivalent of energy from sources including Coal, Crude Oil, Nuclear Power, Nat Gas and hydropower, about 4% more than the USA, the rich countries’ watchdog said.
China’s growth has also not suffered the same setback as that of the USA following the global financial crisis
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