Mr. Birol, formerly an economist at OPEC, said China is expected to build some 1,000 gigawatts of new power-generation capacity over the next 15 years. That is about equal to the current total electricity-generation capacity in the U.S. -- a level achieved over several decades of construction.
China's energy intensity actually fell during the first phase of its economic growth in the 1980s and 1990s, which was driven by light manufacturing. But in the early 1990s, China became a net oil importer for the first time as its demand finally outpaced domestic supplies. China's energy demand surged again after China joined the World Trade Organization in 2001.
Before China joined the WTO, most international prognosticators, including the IEA, predicted energy demand would increase at an annual rate of 3% to 4% from 2000 to 2010. Demand wound up growing four times faster than they predicted.
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