Related Articles
Forward article link
Share PDF with colleagues

The relentless juggernaut

The predictions for Chinese energy demand growth are good news for energy firms – but very bad news for the environment. Derek Brower reports

IN CASE the world did not believe it before, it should now: China's economic growth threatens to dwarf any of the measures taken by the international community to mitigate climate change – or to keep oil prices and demand for energy from spiralling out of their control. Take 10 people near you and find out where their socks were made: three pairs are likely to come from one town in China, Datang; 90% of all cigarette lighters are made in Wenzhou; 40% of the world's ties come from another nearby town. With larger consumable goods, the trend becomes more pronounced, because China is the world's industrial powerhouse. As it goes through its own industrial revolution, the country is soaking up

Also in this section
Serica sanguine on Iran sanctions
13 July 2018
The firm's historic links to Iran are in the spotlight as US sanctions resume
The return of cautious optimism in the North Sea
13 July 2018
The UK’s North Sea hub, braced for production declines, has received a boost from new investments and revived interest from the supermajors
China loans make Venezuela’s outlook more precarious
12 July 2018
Patience is wearing thin among both China and other trading partners