The Financial Times reports on some of the top line conclusions (emphasis added):
The BP publication shows that China accounted for 20.3 per cent of consumption, surpassing the US, with a 19 per cent share of the global total.Close readers of this blog will note that BP's conclusion on the increasing energy intensity of GDP helps to explain the trend of a deceleration in the carbon intensity of GDP. Note that the IEA data I had relied on in that earlier post was based on a 5% growth in both GDP and carbon dioxide emissions in 2010. Using the higher 5..8% increase in carbon dioxide emissions calculated by BP would mean that the world actually became more carbon intensive in 2010.
Consumption growth reached 5.6 per cent last year and demand for all forms of energy grew strongly, said BP, with energy consumption in both mature OECD economies and non-OECD countries growing at above-average rates as the economic recovery gathered pace.
But the exceptionally strong demand and increased use of fossil fuels is “bad news” for carbon dioxide emissions from energy use, which rose at their fastest rate since 1969, said Christoph Rühl, BP’s chief economist.
Globally, energy consumption grew more rapidly than the economy, meaning the energy intensity of economic activity rose for a second consecutive year. “Energy intensity – the amount of energy used for one unit of GDP – grew at the fastest rate since 1970,” said Mr Rühl.
The Economist puts the BP report into the context of the US government's stupefying (or should I say, stupid-ifying) decision to limit collection of energy data:
That more energy is being used than ever before is a welcome sign of economic growth after a sharp downturn. That it is being used less efficiently than before, and producing record levels of carbon dioxide, is harder to welcome. A small mercy, though, is that there are numbers like BP’s available with which to perceive such unwelcome truths. Since the Anglo Iranian Oil Company, which would become BP a few years later, first put together its annual review 60 years ago—six typewritten pages, one graph, for internal use only—they have grown into a widely valued tool for economists and energy strategists in a field where reliable compendia of facts are rare, and growing rarer. In April the United States government announced that it would stop gathering the data on which various domestic energy indicators are based, reduce efforts to assure data quality in some others and cease publication of its International Energy Statistics. It is hard to see how, if such numbers have any value at all, that doesn’t represent a false economy.Data is important to policy analysis. As Michael Levi said a while back,
Congratulations to those policymakers who thought that cutting the EIA budget would be wise: You’ve managed to lose a few ounces of weight by removing a small sliver of your brain.
