China to overtake US with world's
highest CO2 emissions this year- IEA
Nov 9, 2007 - Xinhua
China will this year surpass the US in terms of
carbon dioxide emissions and will become the world's
biggest oil consumer by 2010, the International Energy
Agency (IEA) said.
Speaking at the release of the agency's World Energy Outlook report here, Nobuo
Tanaka, IEA executive director said that China needs to invest about 3.7 trln
usd in energy supply infrastructure to meet demand.
"The sustained high economic growth of both
China and India are the drivers behind rising global
energy demand," Tanaka said.
He noted that rising oil and gas prices are making
coal a more competitive fuel and rising coal use
is driving up energy-related carbon dioxide emissions.
The IEA report observed that China became a net
coal importer in the first half of this year and
imports are expected to grow.
China's net oil imports will jump from 3.5 mln barrels
a day in 2006 to 13.1 bln barrels a day in 2030 while
new vehicle sales are expected to exceed US sales
by 2015, it said.
The IEA's chief economist, and author of the report,
Faith Birol, said that China needs to increase energy
"Efficiency standards of refrigerators and
air conditioners alone (could) cut electricity use
by 83 Terawatt hours -- this is almost equivalent
to annual electricity generation by the Three Gorges
Dam," Birol said.
Echoing this sentiment, Tanaka said that China should
look to other IEA member states for guidance on energy
"China can learn more from other IEA countries
about car emission standards, air conditioning units,
refrigeration," Tanaka said.
"Price mechanisms also play a very important
role," he said. "China should eliminate
price controls and subsidies."
But Tanaka stated that whilst the IEA has made many
recommendations to governments on energy policy,
including to China, immediate execution of plans
to reduce harmful emissions and slow energy consumption
"Actions and decisions should be made now," Tanaka
"It is not resources, it is not money, it is
time that is the issue. We don't have time," he
Tanaka said that the IEA has been working with the
National Development and Reform Commission, China's
state planning agency, to develop the country's strategic
oil reserves and technology transfers to improve
efficient use of the nation's energy supplies.