Lower Electricity Demand News

An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the world. High deliveries and low contracting have left the orderbook at multi-year lows, but – with the poor outlook – the current influx of new dry bulk ships orders is not what is needed.Demand drivers and freight ratesThe biggest story in the dry bulk industry in recent months has been the strength of the recovery in major Chinese imports. These are up across the board…

Australia's greenhouse gas emissions fell 0.8 percent in 2013, according to government data, driven by lower electricity demand and a bigger share of renewables in the energy mix. The country emitted 538.4 million tonnes of carbon dioxide equivalent (CO2e) last year, not counting emissions from land use and forestry, the Department of Environment said. Despite the cuts, Australia's emissions per capita stand at 23.2 tonnes, among the highest in the world and nearly four times more than China. "Over the year to December 2013, there was a decline in emissions from electricity, reflecting lower electricity demand and changes in the generation mix. Emissions from industrial processes also declined over the year," the department said.