There doesn't seem to be any evidence that China actually ever intended to meet climate targets. They've been building coal electric plants at a rapid rate continuously for decades now. In the meantime they've attended climate meetings and reassured everyone they're on the same page.
I believe part of the problem is taking seriously the multinational agreements that form the core of the climate remediation efforts.
Have no idea how bitcoin's power requirements haven't become a real scandal for even moderate climate defenders. It's crazy.
“China powers nearly 80% of the global cryptocurrencies trade”
Best comment I've heard so far. Bitcoin primary use is to move money out of China.
Offhand thought, Bitcoin is also being used to sop up about $2T worth of excess liquidity.