Global energy demand slows?

Global energy report finds demand for energy slowed in 2012

Energy giant BP’s annual review of the global energy market found that demand for coal, gas, oil and nuclear power grew at a reduced pace last year.

According to the report, energy consumption slowed to 1.8 percent in 2012 compared to 2.4 percent in 2011, due to such factors as the recession, weak economic growth and increased energy efficiency. Energy demand from developed countries fell 1.2 percent overall, which includes a 2.8 percent drop in the United States, reported The Associated Press.

Energy demand continued to rise in India and China which, combined, accounted for nearly 90 percent of the global increase.