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China's Petroleum Consumption to Peak in 2025
In 2024, China's investment in non-fossil fuels comprised one-third of global investments, causing a 1.7% decrease in refined oil consumption year-on-year; consumption is expected to peak in 2025 at 382 million tons, driven by the rapid rise of renewable energy and electric vehicles.
China's Petroleum Consumption to Peak in 2025
In 2024, China's investment in non-fossil fuels comprised one-third of global investments, causing a 1.7% decrease in refined oil consumption year-on-year; consumption is expected to peak in 2025 at 382 million tons, driven by the rapid rise of renewable energy and electric vehicles.
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Affordable and Clean Energy