Conversation about growth in global energy demand
begins with China
Mar 9 - McClatchy-Tribune Regional News - Jack Z. Smith Fort Worth
Star-Telegram, Texas
As a panel of experts pondered the energy world of the future at a posh
downtown hotel Monday afternoon, one word persistently cropped up.
That, of course, was China, which has the world's largest population and
an emerging economy with wildly surging energy demand that not even the
global Great Recession has reined in.
China, with more than 1.3 billion people, is already the world's largest
producer of heavily polluting coal and the biggest emitter of carbon
dioxide, blamed for global warming. But the Asian giant also "could well
become the world's largest market for clean energy," said Rob Barnett of
IHS CERA, based in Cambridge, Mass.
Barnett was among nine global energy experts from IHS CERA
making up the panel at the opening day of the CERA Week 2010 Energy
Conference at the Hilton Americas Hotel. IHS CERA is a leading
international adviser to energy companies, financial institutions and
governments.
While U.S. emissions of carbon dioxide increased 23 percent from 1990 to
2007, China's emissions jumped 156 percent in the same period, Barnett
said.
China, which faces increasing pressure to curb emissions, has set a goal
to reduce its "greenhouse gas intensity" by 40 to 45 percent per unit of
gross domestic product, compared with 2005, Barnett said.
But given the country's enormous economic growth and corresponding
escalation in energy demand, it might need to build five or six nuclear
plants each year and make huge additions in its wind-power capacity, he
said.
World energy demand doubled in the past 35 years, with China accounting
for about one-quarter of the increase, said Xizhou Zhou, an IHS CERA
associate and China expert. Still, the United States, with less than
one-fourth China's population, remains the world's largest energy
consumer.
As China's economy and energy demand continue to mushroom, its
dependence on foreign energy supplies will increase "in almost all
energy sectors," Zhou said.
Although a huge coal producer, China "is now importing coal" from as far
away as Canada and South Africa, Zhou said.
In addition, Chinese oil and natural gas drilling rigs "are starting to
move into Russia," said Thane Gustafson, an IHS CERA senior director
with a heavy focus on Russia.
Jone-Lin Wang, an IHS CERA managing director who specializes in global
power demand, forecast that China's electricity demand will grow "at a
good 6 to 7 percent" annually "for the next two decades," compared with
annual growth of about 1.4 percent in the U.S. in that period.
The energy conference will focus today on the oil industry and Wednesday
on the natural gas industry, with speakers including U.S. Energy
Secretary Steven Chu.
JACK Z. SMITH, 817-390-7724
(c) 2010,
McClatchy-Tribune Information Services
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