China is world’s top energy consumer.

A report by the International Energy Agency Tuesday designated China as the world’s biggest energy consumer last year, overtaking the United States. Beijing has rejected the report, calling the IEA’s data “unreliable”.

My brother lives in Evanston WY and owns a tire store. He always envisioned that he would be competing against the local tire stores within the city limits. A few years ago, he learned the harsh realities of international competition as he was no longer able to purchase tires, at all. All available rubber was being sent to China. Their need for tires was 500 times what it had been and he was now feeling the pinch. Price of a normal tire sold in his store went from $100 to $250 in a month. Now, we may see the same thing with energy.

AFP – China on Tuesday rejected an assessment from the International Energy Agency that it had surpassed the United States to become the world’s top energy consumer, calling the data “unreliable”.

The Financial Times and the Wall Street Journal cited a top IEA official as saying the Asian giant had taken over the top spot in 2009, earlier than expected.

According to the IEA, China consumed 2.252 billion tons of oil equivalent of energy in 2009, from sources that included coal, nuclear power, natural gas and hydroelectric power — about four percent more than the United States.

But an official with China’s National Energy Administration told reporters the report was flawed.

“The IEA’s data on China’s energy use is unreliable,” the official, Zhou Xian, was quoted by Xinhua news agency as saying.

The Financial Times quoted IEA chief economist Fatih Birol as saying: “In the year 2000, the US consumed twice as much energy as China; now, China consumes more than the US.”

The United States still uses far more energy than China on a per capita basis, but China is less energy-efficient, the report said.

The IEA, the energy strategy branch of the Paris-based Organisation for Economic Cooperation and Development, said the data was still preliminary but that the trend was clear, the newspaper reported.

China has embarked in recent years on an aggressive campaign to secure overseas energy supplies and satisfy sky-rocketing demand fuelled by its fast-expanding economy and citizens’ increasing consumerism.

Late last year, Beijing announced ahead of the Copenhagen climate change summit that it would embark on a major energy efficiency drive to curb growth in its world-leading greenhouse gas emissions.

It has set a goal of generating 15 percent of its energy from renewable sources — mainly wind and water — by 2020.

The IEA’s Birol told the Financial Times that while the United States had improved its energy efficiency by 2.5 percent annually over the past decade, China had only notched up a 1.7 percent annual improvement.

China still depends on coal for about 70 percent of its energy needs. It has surpassed Japan as the world’s largest coal importer, despite its own vast coal resources.

As reported by France International News Service.

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About Garen Thatcher

All about me? I want to make this all about you and what I can do to make your life better, smarter, and richer. Research into energy and money saving home activities is my hobby and passion. I'm also investing in it for the future. This is my journey in helping us all.
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One Response to China is world’s top energy consumer.

  1. The following comment was left by a friend of mine over the Facebook side. Have to figure out how to get those comments to feed over to here.

    *********************
    Garen, I agree with your assessment. Also, for the first time in 2009, China purchased more autos than the U.S. I interpret this to mean, as our economy improves so will China since we purchase so much from them. That will accelerate the competition for the world’s petroleum with emerging countries (i.e., India and China). I believe it is inevitable for gas prices to increase and availability to decrease. The diversity of electric power options (hydro, wind, solar, coal, natural gas, nuclear, etc.) will make plug-in electric vehicles the cars of our future. When petroleum stops flowing into the US our cars of today simply stop. I remember my dad sleeping in his car at a gas station in the 70s hoping it would open in the morning so he could get 10 gallons of gas to get to work. Can’t help but wonder if those days will return.

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