China Becomes World's Largest Consumer of Renewable Energy; Coal Production Is at 25-Year Low
Xu Wei
/SOURCE : Yicai
China Becomes World's Largest Consumer of Renewable Energy; Coal Production Is at 25-Year Low

(Yicai Global) July 6 -- China has overtaken the US as the world's largest consumer of renewable energy, shows the latest annual statistical review of world energy released by BP P.L.C. [NYSE:BP].

The BP Statistical Review of World Energy 2017 was released yesterday. China has become the world's largest consumer of renewable energy, it said. China's renewable energy consumption as a percentage of global consumption rose from 2 percent in 2006 to 20.5 percent in 2016.

Overall energy consumption in China grew by 1.3 percent last year, less than a quarter of the average growth rate over the previous decade, the BP review noted. Despite the slower growth in energy consumption, China remained the world's largest energy consumer, accounting for 23 percent of global energy consumption and 27 percent of global energy demand growth.

Of fossil fuels, natural gas witnessed the fastest growth in consumption, followed by oil and coal. Growth in consumption of the three types of fossil fuels was lower than their respective 10-year average.

Of non-fossil fuels, solar energy posted the fastest growth in consumption, followed by wind and nuclear energy. Hydroelectric power consumption rose 4 percent last year, the slowest pace of growth since 2011. China's coal production decreased 7.9 percent in 2016, and oil output was down 7.2 percent, both registering a record annual decline since 1981 when the BP started to track the data. China's carbon dioxide emissions fell 0.7 percent last year, the second consecutive annual decline.

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