As the world’s second largest economy, China’s energy demands are growing fast. In the next fifteen years, China is projected to overtake the U.S. as the world’s largest oil consumer, and Russia as the world’s second largest natural gas consumer. By 2035, China is expected to become the world’s largest energy importer, as its energy production rises 47%, while consumption rises by 60%. China’s oil import dependence is projected to rise from 60% in 2013 to 75% in 2035.
How will the world’s second largest economy meet its energy needs without endangering the environment or violating its pledge to cap CO2 emissions by 2030, especially as its transportation-related energy demand is estimated to rise 98%? How can the U.S. help China realize greater energy independence, and shape a future energy picture in Asia that both eases geopolitical tensions and weans China and other Asian nations off OPEC?
To address these and other issues, Hudson Institute hosted a day-long conference on November 16th featuring energy policy experts from both China and the U.S.