Red China’s Energy Dawn

According to the Organization for Energy Cooperation and Development (OECD), China will become the world’s largest economy by 2016, surpassing the United States. The OECD sees China’s economy growing at 8 percent over this decade assuming its current rate of investment and reform.[i] For economic growth, a robust energy sector is needed to provide affordable, abundant, and reliable sources of energy supplies. That is why China is investing in building clean coal generating technology and providing loans to oil rich countries in return for future supplies of oil. China is already the largest consumer of energy and emitter of carbon dioxide emissions in the world.