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China: Largest emitter to green gamechanger, but…

China climate emergency global influence

China is several years ahead of other developed countries on the migration to a green economy, in clean technology production capacity, massive market penetration and green investments. China already has an extraordinary global green export potential. China leads in renewables, electric vehicles and battery production, incrementally regulating plastic solutions, high-speed rail, private clean tech investment, government environmental support and green bonds.  China’s concurrent climate actions are gamechangers destined to have huge global competition impacts on energy, economic, transportation, industrial and other paradigms, perhaps more so than the climate crisis.  But there are simultaneous contradictions. China is the world’s largest liquified natural gas importer, once again ramping up coal production and certainly not a leader on human rights.

Why coal can’t make America great again

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Among the ways Donald Trump vows to “make America great again” is reviving the US coal industry. That’s a stretch considering the plight coal faces today in the US. 

The combined value of the top four US coal companies fell from $33 billion in 2011 to $150 million in 2015. Coal’s declining role in the US power supply saw it go from 50% in 2006 to 42% in 2011, to 30% in 2016. US coal production dropped 19% in 2016 alone. In 2015, between 11 gigawatts (GW) and 14 GW of US coal capacity went off line.