Energy demand in China slowing down

This due to “greener” economic growth.

Energy demand in China to slow to 1.8% after 2020: official
Xinhua 2013-10-31 09:55 (GMT+8)

Yang Qing, executive vice president of the State Grid Corporation of China, predicts that China's energy demand growth could slow to 1.8% per annum in the decade after 2020.

He noted that China's energy demand is growing at over 4% per year in the current decade. This growth, however, may slow significantly in the decade between 2020 and 2030 as economic growth becomes greener and slower.

SGCC forecasts growth in energy demand to drop to 1.8% per year based on a projected growth of 5.3% for the Chinese economy.

He said no official forecast has been announced for the decade between 2020 and 2030, but believes energy consumption is likely to peak some time between 2030 and 2040. Yang also said China has been making every effort to pursue greener and more sustainable growth.

China intends that non-fossil fuels account for 11.4% of its total energy consumption by the end of 2015.

Also Read

Over 20 countries pledge no new coal power at COP29

Hydrogen to contribute 12% of global decarbonisation

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit