Introduction The future of the global energy system is deeply uncertain, and the choices that are made in the coming years will have enormous consequences for the future of the climate and, indeed, human civilization. [...] These omissions highlight the relatively recent emergence of critical minerals as a top priority for policymakers and the energy industry and demonstrate the need for new data collection, analysis, and modeling of this topic to better inform decisionmakers in the decades ahead. [...] Since 2010, the country has accounted for roughly 33 percent of the global growth in GDP and almost 60 percent of the growth in primary energy demand.8 However, because this growth has been powered primarily by coal, China accounted for over 80 percent of the global increase in CO emissions since 2010.8 2 In recent years, China’s leaders have sought to manage the unabated development of energy-int. [...] Although the effects on demand for energy and building materials have been limited to date, the crisis may result in lower demand in the long term.8 At the same time, this crisis is indicative of a broader economic transition in the country as policymakers reportedly work to steer the economy away from real estate, which accounts for a quarter of China’s economy,29 and toward manufacturing sectors. [...] In both the EIA’s and IEA’s 2023 scenarios, roughly 80 percent of primary energy demand is served by fossil fuels in 2030, highlighting the gap between the policies implemented by the 14th FYP to peak CO emissions by 2030 and the longer- 2 term goal of net zero by 2060.
- Pages
- 49
- Published in
- United States of America
