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  • 6 hours ago
Fatih Birol, Executive Director of International Energy Agency spoke to CGTN Europe in Davos. He discussed the shift in global energy demand growth from China to emerging markets such as India, Southeast Asia, and the Middle East. Although no single region can immediately replace China's impact, the combined growth of these areas could match China's influence.
Transcript
00:00International Energy Agency chief Fatih Birol says China's massive renewable build-out is reshaping energy markets.
00:09We look at the last 10 years, a big chunk, big chunk of the global energy demand growth came from China.
00:18Because Chinese economy grew very strongly, it needed a lot of energy, and as a result, China was the main driver of the global energy demand growth.
00:29But Chinese economy is now becoming a lighter economy, therefore the economic growth is slowing down compared to past.
00:38And the new drivers are India, Southeast Asia, and Middle East.
00:45These emerge as the new drivers of the global energy demand growth.
00:50None of them alone is big enough to compensate China, but when you put three or four of them, they may equal China.
01:01So they are the new drivers of global energy demand growth.
01:04Food Data
01:07is a 있슔니닀.
01:09From the Pacific to the Pacific, China is small craftsman and temples,
01:14tiny ways that these manifesting efforts,
01:16are not part in the field of global energy demand year.
01:18These are very powerful networks needed distribution for domestic GĂŒney Birol
01:20onto many soulmates, near to every one.
01:24So it was truly educational in early future.
01:27To be a result, let's have a chance.
01:29Please join a more question.
01:31Adeling Emirates is an investor
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