According to the International Energy Agency (IEA), China is now the world’s largest energy consumer. With annual growth levels surpassing 10 percent – even after the government has implemented measures to ease expansion – demand for energy in China is expected to continue to grow while usage in western countries is waning.
Ã¢â‚¬Å“As China overtakes the U.S. as the worldÃ¢â‚¬â„¢s largest energy consumer, it is not only a domestic issue for China, but has repercussions for the rest of the world not only in supply terms, but also in how the energy is consumed,Ã¢â‚¬Â IEA Chief Economist Fatih Birol said yesterday in an interview in Paris. Ã¢â‚¬Å“If China uses electric cars, hybrids and so on, they will impose the manufacturing line on most of the rest of the world.Ã¢â‚¬Â
Source: Bloomberg 
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