BP report: rapid growth renewable energy consumption in China

6/25/2018 9:16:19 AM

Although the use of coal is still very dominant, China's renewable energy consumption is expanding rapidly. BP oil company expects the consumption of alternative, non-fossile fuels to grow 9.5 per cent per year from 2016 to 2040. The share of renewable energy in the energy mix is forecast to rise from 3 percent in 2016 to 18 percent in 2040.

Renewable energy sources include, wind and solar energy and hydropower. The ‘BP Energy Outlook 2018’ report forecasts that China will account for almost a third of global renewable energy consumption by 2040. Coal's dominance in China’s energy mix is still strong, but that will change over the years, BP’s researchers predict.

Coal’s share in the mix will decline from 62 percent in 2016 to 36 percent in 2040. Xinhua reports that, according to BP, natural gas is expected to nearly double to 13 percent by 2040.

The country's changing energy mix is partly driven by its commitment to moving to cleaner, lower carbon fuels.

Further reading on en.people.cn

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