Topic > The Importance of Energy in China - 776

As the most populous country in the world, China is the largest consumer and producer of energy in the world due to its rapidly growing economy and population density. According to the US Energy Information Administration, China became the world's largest energy producer in 2007 and the largest global energy consumer in 2010. In 2011, China was also the world's largest energy producer. China is also the world's largest producer, consumer and importer of coal, accounting for half of global coal consumption. China's growth has transformed energy markets around the world as it is the largest exporter of oil and coal. The rapid increase in China's energy needs carries important geopolitical implications. As a country with abundant natural gas producing regions, China has proven to be one of the largest buyers of oil and gas in the world. In 2008, most domestic companies increased their international oil and gas operations due to a substantial need for safety in the oil and gas industry. Although energy intensity is supposed to increase during early periods of industrialization in developing countries, China's energy consumption grew at half the rate of domestic product (GDP) growth during the 1980s and 1990s. However, the trend changed in 2001 as energy consumption grew 1.3 times faster than GDP until 2005, followed by a decline from 2005 to 2010. This decline was caused by administrative policies such as the closure of small power plants thermoelectric plants and the state energy saving program for large energy-intensive companies. China's growing energy consumption since 2011 is linked to combustion-induced CO2 emissions. In China, the increase in CO2 emissions due to growth in consumption has exceeded the reduction in emissions from energy…… half of the paper……ns of CO2 in 2011 and is expected to reduce carbon intensity by 17% and energy intensity by 16% between 2010 and 2015 according to the Twelfth Five-Year Plan. China also plans to reduce its overall CO2 emissions by at least 40% between 2005 and 2020 (EIA). Comparing China to the rest of the world, China has one of the highest energy consumption and energy-related carbon dioxide emissions. . The graph of global primary energy consumption shows that China has been the leading energy consumer in the world from 2010 to present and is expected to increase until 2040. China's energy consumption exceeded 100 quadrillion British thermal energy in 2014 and is predicted to increase to almost 200 quadrillion UK thermal energy in 2040. Looking at global energy-related carbon dioxide emissions, China is predicted to have more than 10,000 million tonnes by 2040.