China's emissions surpass all developed nations combined

The big picture: Rhodium compared China's emissions to nations in the multilateral Organisation for Economic Co-operation and Development as of 2019 and all 27 EU members. The chart above shows totals. The analysis also showed that on a per-capita basis, China's 2019 emissions were close to the OECD average. The firm expects that the final 2020 data will show China's per-capita emissions exceeded the OECD average. Rhodium's Larsen notes China's per-capita rise stems from higher living standards, China's relatively fossil-intensive power mix and its export-focused manufacturing. What we're watching: The steps China takes — or doesn't — in coming years to breathe life into its pledge to have its emissions peak before 2030 and reach carbon neutrality by 2060.
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