U.S. and China Announce Climate Deal Ahead of COP28

Despite the Agreement, Both Countries Remain Heavily Reliant on Fossil Fuels

The U.S. and China, the world's two largest greenhouse gas emitters, have announced a climate deal that includes pledges to triple global renewable energy capacity by 2030, cut fossil fuel emissions, and include all greenhouse gases in their climate plans.
Despite the agreement, both countries remain heavily reliant on fossil fuels. Coal is a significant part of China's economy, and the U.S. continues to set domestic records for oil and natural gas production.
China has installed 758 GW of wind and solar capacity as of last year and is on track to add 210 GW from solar installations in 2023, about twice that of the U.S.
China's President Xi Jinping has only committed to achieving peak emissions before 2030, with no clear timeline for when emissions will start to decline.
The agreement comes ahead of the United Nations climate summit, COP28, starting Nov. 30 in Dubai, United Arab Emirates.