China’s Energy Demands Surpasses Europe’s in 2024

By Shubhendra Anand , 05 November, 2024

Energy Demands Analysis

China's energy market brings new ideas and phenomena to integrate clean energy transition into the Chinese economy. China is the leading producer of solar panels globally. This indicates that the production of renewable energy in China is progressing faster. However, a survey reports that China's energy consumption per capita tends to surpass Europe's in 2024.

Experts cite that China's developed economy makes its market saturated. The rate of economic development in China remains unbeatable forever. Hence, according to its consumers and industry preferences, it makes its own economic market a hub in China. The survey results on the emission grounds make China the world leader. China's energy consumption overcomes Europe's per capita energy consumption in 2024. Recent surveys show China as the leader in greenhouse gas emissions in 2024. It is due to the growth in China's manufacturing sector that manages the country's economic landscape. Studies show that the Chinese energy market is driven by the country's data centers, electric car charging infrastructures, and 5G infrastructure. All these developments will push China to increase its power consumption in 2024. Hence, experts regret China's growth in the economic market as energy demands are growing, too. This leads to a higher rate of unemployment in the country. If this condition continues, then it will result in a stagnant economy. Further, it will affect the consumers' behavior, too.

In light of the clean energy transition, China increased its production of renewables at a rapid pace. China's renewables comprise a large part of the economy and cover 60 percent of the capacity for power generation. However, China's carbon emissions are increasing due to its ongoing industrial production and the large size of the economy. According to survey data, China's global emissions are 31.72 percent, as the International Energy Agency (IEA) reported in 2024. Therefore, it affects China's growth on a global basis regarding climate change actions. Nations need to meet the global targets in their approach towards clean energy transition.

                          China’s per capita energy income overtake Europe’s in 2024