New BP Report: Germany Records World's Biggest Cut in Energy Use in 2007
A new annual energy consumption report by the oil giant BP paints a split picture of the world: rapid rises in emerging economies, a smaller fall in the EU. Energy-conscious Germany emerges as the star environmental performer.
German energy consumption fell by 18.5 million tons of oil equivalent last year.
The main reason behind the pronounced drop in energy consumption in Germany is the sky-high oil price. The BP report notes that the six-year upward trend in the price of oil is the longest period of price rises of that commodity since the start of industrialization. In fact, over the last decade the US benchmark oil price has increased 12-fold.
Across the world, total primary energy consumption rose 2.4 percent last year. China, which in 2007 consumed 7.7 percent more energy than in 2006, is responsible for half that increase; India a third. Overall, energy consumption in emerging economies rose by 5.5 percent. By contrast, European Union member states managed to cut their use of primary energy by 2.2 percent. The US, however, consumed 1.7 percent more energy in 2007 than in the previous year.
According to BP, the world consumed slightly more oil last year than in 2006, with total global oil use rising by 1.1 percent. However China and India recorded far higher rises, of 4.1 percent and 6.7 percent respectively.
But the energy source whose use increased most last year was coal, with the world consuming 4.5 percent more coal in 2007 than in 2006. Once again, China, whose coal consumption went up by 8 percent, was responsible for the biggest increase.
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