Oil Economy Focus Rapid Review
Decades of rapid economic growth have dramatically expanded China’s energy needs. China is now the world’s largest consumer of energy, the largest producer and consumer of coal, and the largest emitter of carbon dioxide. China’s cumulative carbon emissions are the largest in the world. Between 1990 and 2017, China and the US were responsible for 20.8 and 20.1 percent of total global emissions, respectively. China is increasingly looking toward securing its future energy needs with sustainable alternatives, and is becoming the largest market in the world for renewable energy. For China securing guaranteed access to foreign sources of energy is vital for ongoing growth and development.
LINK TO THE SOURCE ARTICLE: China’s energy footprint is changing
