Frank Wolak

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In a mostly dismal year for US and international climate policy, China's coal imports are skyrocketing to record levels. The environmental community and policy pundits have rushed to decry this new development, arguing that China's expanding imports undermine global climate efforts, and even that countries should block coal exports to China.

But the conventional wisdom has it backwards. In reality, record Chinese coal imports are better for global CO2 emissions than any climate policy to come out of Washington or the United Nations this year – because they strengthen incentives for the rest of the world to switch to less polluting fuels.…  Seguir leyendo »