Globally, only two reports are published on an annual basis wherein the world’s energy situation is fully scrutinized. These have a huge impact because in many government and company decision boardrooms – at least in Western Europe - everything which is written inside the two reports are seen as the truth, the whole truth, and nothing but the truth. We are talking about the International Energy Outlook of the United States Energy Information Administration, and the World Energy Outlook of the International Energy Agency funded by the OECD.
A number of years ago China decided it needs its own version of the truth. To develop an expertise in generating models which encompass energy-economy-environment to understand how energy policy affects the future of China. It was decided at the highest levels to create 1) a short term outlook to 2015 which has just been published, and 2) A long term outlook to 2050 which will be published next year. They both encompass the Chinese and World energy situation. However, as usual the communication/language barrier - Mandarin is difficult to read for Westerners - makes this unbeknownst in the western world.
Fortunately, I had the opportunity to attend the first presentation in the western worldof the new China Energy Outlook, on 16 October at the Grantham Institute in London, delivered by Professor Han Wenke and Dr. Yang Yufeng. Both work for the Chinese Energy Research Institute, which is a part of the National Development Reform Commission of China, the government body in charge of macroeconomic planning.