Economic slowdown drives record decline in China power consumption
Posted on by Jason Li
By Reuters via ENN:
China managed to cut its energy intensity — the energy used per unit of GDP — by 3.46 percent cut in January-September compared with a year ago. With power output falling by its biggest-ever margin last month and steel production tumbling, it is set to improve on last year’s 3.66 percent cut, officials say.
“China is likely to achieve its emission-cutting target this year,” said Yang Fuqiang, vice president of the Energy Foundation, a U.S. consultancy. “An economic slowdown is actually good for combating climate change.”
Last month, power consumption was down a tenth on November 2007, the biggest decline on record.
I wonder how much of that downturn will be seasonal? Looks like a pretty consistent downturn each holiday season.
Good point, though are they the same time each year? My eyes aren’t very good but it looks like it varies a bit… and I wonder what drives the peaks? If only my knowledge of history was a bit better…