By Andrew Callus
LONDON Jan 16 Accelerating global energy
efficiency means fuel use is rising far slower than prosperity,
largely because Chinese industrial development is increasingly
energy efficient, a study by oil company BP Plc found.
In its annual Outlook 2030 report, BP predicts a 36 percent
increase in energy use between 2011 and 2030. That outstrips
forecast population growth of 18.5 percent to 8.3 billion but
comes as world income is expected to roughly double in real
The reduction in so-called energy intensity - energy use per
unit of gross domestic product (GDP) - is bringing the measure
back down to levels not seen since the late 19th Century.
The trend, along with a strongly rising market share of
non-fossil fuels, will not be enough to keep greenhouse gas
emissions below the International Energy Agency (IEA) central
target of 450 parts per million (ppm) of carbon-dioxide
But the pace at which Chinese industrialisation in
particular is moving towards a more energy-efficient stage has
surprised economic forecasters at BP, one of the world's biggest
BP's chief economist Christof Ruhl says China is moving
surprisingly quickly along the industrialisation cycle, where
people and production move from energy-intensive industry into
services and lighter manufacturing.
"That pattern is kicking in big time," Ruhl said, citing
slower growth in coal use by China after 2020 as a key factor in
"Globalisation means we are able to trade every fuel across
almost every border as standardisation and energy consumption
and production is everywhere, technologies are shared very very
quickly," Ruhl said.
"The differences between countries in energy intensities
have never been as small as they are today since the beginning
of the industrial revolution and we see that trend continuing,"
he said. "We live in the most efficient world for the last 140
years I think."
BP expects energy use to grow 1.6 percent a year between
2011 and 2030 - in line with the highest of three growth
scenario pictured by the IEA for a similar period, between 2009
But its projected energy use growth rate declines from 2.5
percent in the decade up to 2010, to 2.1 percent for the 10
years to 2020, and then slides more dramatically to 1.3 percent
a year in 2020 through 2030.
It sees global energy intensity in 2030 being 31 percent
lower than in 2011, with the decline taking place in all regions
and accelerating from just 1 percent in 2000-2010 to 2.2 percent
in 2020 to 2030.
Although it is losing touch with the pace of economic
growth, a 36 percent increase in energy consumption would still
be bad news for greenhouse gas emissions targets and the IEA's
450 ppm target.
By 2030, BP says, "emissions remain well above the required
path to stabilise the concentration of greenhouse gases at the
(450 ppm) level recommended."