OIES – Testimony Before the U.S.-China Economic and Security Review Commission

The document examines changes in China's energy system and its transition to a new energy economy.

Key findings include a fourfold increase in energy demand from 2000 to 2024, primarily driven by fossil fuels. Significant changes have occurred since 2019, including increased electrification and renewable energy capacity. Electrification of the transport sector and the shift to new energy vehicles are slowing gasoline demand growth. Electricity demand growth outpaces GDP growth due to industrial activity and extreme weather conditions. China leads globally in adding wind and solar energy capacity.