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Unformatted text preview: - Long term view of Japanese government: o Coal is the largest energy source consumption in the 21 st century o Oil is second o Hydro & nuclear are minor but essential o Major demand growth o CO2 emitting o Renewable are not going to kick in until 2040. There will be a point where renewable will be self sustainable- China is the one pushing for the incremental growth rate of Oil- In terms of Oil, there is a change of oil demand from before 2001 to after 2001 (excluding China)- In Gas, there is an increased demand by OECD countries trying to shift from coal to environment clean.- China had negative demand of coal till 2001, then suddenly increased by 2001 towards a coal century...
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- Spring '11