China Turns Tables on U.S. in Stalled Climate Talks

The U.S. pressed China to do more at climate-change talks in Copenhagen last year. Now, as the U.S. falls short of its own goals, China may have gained more credibility in renewed negotiations by moving to clean up its energy industry.

“It used to be thought that China wouldn’t act until the U.S. took leadership,” Mark Fulton, a managing director at Deutsche Bank Climate Change Advisors in New York, said in an interview. “But unless I’ve missed something, China has already taken substantial action.”