“China has changed the energy world, but now China is changing,” the International Energy Agency IEA reported in their 2023 flagship World Energy Outlook. The second-largest economy in the world has saturated its own market. After years and years of building roads, buildings and other infrastructure as fast as it possibly could, the vast Chinese domestic market is finally just about tapped. But while China’s economic growth is plateauing, its energy demand just keeps growing.
72% of global emissions according to IEA stats. Everything that China does therefore has major implications for the entire world’s energy and climate concerns. To be sure, China’s manufacturing-happy policy, which has led to overproduction of a great many goods, poses a threat to global climate goals. However, to place all the blame on Beijing would be a major oversimplification of a complex situation at best, and outright scapegoating at worst.
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