The U.S.-China accord has glaring shortcomings that illustrate the perils of voluntary pledges, each nation operating in its own autonomous emissions bubble and on its own schedule, impervious to any absolute global emission and temperature limit.
China now consumes nearly as much coal as the rest of the world combined. Although scaling up alternatives to coal may seem a formidable task, we believe China can cap and then cut its coal consumption in the next decade.
As China's economy has grown, so has its consumption of coal, which has increased by an average of nine percent per year. By comparison, average coal demand growth for the rest of the world has been about one percent per year.