'China is the driver of global oil demand growth’
4 November 2010
IEA Deputy Executive Director Richard Jones attended the 2nd China Overseas Investment Fair, from 2-3 November in Beijing and Energy Technology Perspectives 2010 in Shanghai on the 4 November.
At the China Overseas Investment Fair he delivered two key note speeches to a Chinese audience interested in investing outside of China. Mr Jones discussed investment opportunities that could help transform the global energy system based on findings from the IEA publication, Energy Technology Perspectives 2010 (ETP2010) and summarised the Agency’s analysis on the current status of Chinese outbound investments in the oil and gas sector. Mr Jones also introduced IEA projections on Chinese oil demand up to 2030 where China is seen as the driver of global oil demand growth.
In Shanghai a presentation on ETP2010 was followed by a lively Q&A session with questions focusing on topics ranging from natural gas, renewable energy and PV (Photovoltaics) energy consumption to investments needed to reach climate targets for developing countries.
The event in Shanghai was hosted by Fudan University and attracted more than 130 participants including officials from National Development and Reform Commission (NDRC) and Shanghai municipalities as well as energy experts and academics.