Global Energy Demand Stumbles Again — Coal Is Dead


Click to enlarge

❝ Global energy demand continued its sluggish rise last year as growth in Chinese consumption fell to its lowest in nearly two decades, while renewables flourished, BP said in a report…

Slower demand growth helped stall the acceleration of greenhouse gas emissions for a third year to levels not seen since the 1980s, but emissions remained well above targets set out globally under the 2015 Paris accord on climate change.

❝ Coal’s share in the energy mix declined to its lowest since 2004 at around 28 percent, while production of the highly polluting fossil fuel saw its largest ever annual drop at 6.2 percent…

❝ China’s energy demand growth in 2015 and 2016, 1.2 and 1.3 percent respectively, although still the strongest in the world, marked its lowest over a two-year period since 1997-98…

❝ Cheaper and abundant gas supplies in the United States and China’s drive to switch to cleaner feedstock for its power plants led to a 1.7 percent drop in demand for coal, the most pollutant fossil fuel.

“It feels to me like we are seeing a decisive break in coal relative to the past,” BP Chief Economist Spencer Dale said…

❝ Renewables such as solar and wind power were the fastest-growing source of energy, rising by 12 percent and accounting for a third of the overall growth in demand…China, meanwhile, overtook the United States for the first time as the largest producer of renewable power.

The slowing growth in energy demand, the shift to cleaner fuels and energy efficiency meant carbon emissions grew by 0.1 percent last year, similar to the prior two years, making it the lowest three-year average for emissions growth since 1981-83.

Dullards like Trump, his peers, his followers, are fighting a vain and wasteful retreat – while blathering all the while about returning 19th Century glory to rustbelt industry. The only exportable segment of our traditional industrial base – capital goods – was sold off by conglomerate profiteers decades ago. The mostly foreign-based companies who bought up the companies whose machines make other machines – are rolling in profits while the backwards-looking crowd whines. Perish the thought they should notice it was the American one-percenters who sold them out.

Here’s a link to the whole report.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s