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Page added on July 13, 2016
China to Hit Peak Energy Consumption by 2035
China is expected to reach its highest point of energy consumption by 2035, while its reliance on fossil fuels is expected to drop, according to a report cited by the state media on Tuesday.
The study by the report by the Economics & Technology Research Institute of China National Petroleum Corporation (CNPC) found that the equivalent of 3.75 billion tons of oil would be spent on energy nineteen years from now.
Fossil fuel usage, meanwhile, is expected to hit its ceiling in 2030 at 2.93 billion tons of oil equivalent with coal expected to continue as the top energy source for China by 2050. Nevertheless, the CNPC noted that the proportion of coal in the prime energy mix would fall to 37 percent by 2050, even though coal accounted for 64 percent of national energy consumption in 2015.
The proportion of non-fossil fuels to total energy mix will more than double from the current 12 percent to at least 30 percent by 2050. A separate report published two years ago detailed how the proportion is expected to rise to 15 percent by 2020.
The analysis by the state-owned giant mentioned that China’s energy sources are expected to become cleaner in the years ahead with increased investment in clean energy like hydropower and solar. For example, China Huadian Corporation could soon purchase private equity firm Terra Firma’s wind farm interests for around US$500 million.
By Erwin Cifuentes for Oilprice.com
6 Comments on "China to Hit Peak Energy Consumption by 2035"
Truth Has A Liberal Bias on Wed, 13th Jul 2016 9:15 pm
So the retards who can’t even get next week right are telling you how it’s gonna be in 19 years.
Kenz300 on Thu, 14th Jul 2016 6:40 am
What will the impact of electric vehicles be on oil consumption numbers………….
Electric cars, trucks, bicycles and mass transit are the future…..fossil fuel ICE cars are the past…………..
Think teen agers vs your grand father…………………. cell phones vs land lines…….
NO EMISSIONS……..climate change is real………
Save money……no stopping at gas stations…..no oil changes……..less overall maintenance……
dooma on Thu, 14th Jul 2016 6:59 am
“State Media”, you cannot get a more reliable source of bullshit than that.
tk on Thu, 14th Jul 2016 9:34 am
https://www.youtube.com/watch?feature=player_detailpage&v=5fbvquHSPJU#t=3890
(and even that is way too optimistic… exponential functions…)
rockman on Thu, 14th Jul 2016 10:46 am
Truth – I agree. Except I wonder if that’s not as much a projection but an anticipated mandate. This is China after all. The country that mandated how many children a citizen might have. That peak energy might be the cap the govt might impose. Once their economy gets to a certain size that might see future growth as not sustainable beyond that point. Unlike US politicians who have pushed unending sustainable growth for more then a century. Imagine where we would be today if the govt had begun imposing huge motor fuel taxes in the 60’s…and maybe not have been as generous with home mortgage interest deductions. The US might have reached PE years ago.
Kenz300 on Fri, 15th Jul 2016 11:24 am
China is embracing electric vehicles with incentives……… they are also adding huge amounts of wind and solar power
They finally recognize their pollution problems and are moving to reduce their polluting industries like coal mines, coal fired power plants and excess steel production….
The world is transitioning to safer, cleaner and cheaper alternative energy sources like wind and solar……..
The transition needs to pick up speed………..