Offshore wind, which is more expensive than onshore wind, is cheaper than new coal in China. New solar and onshore wind competes with fuel costs for existing coal plants.
Americans keep strong arming us into buying their LNG, but we also pay 5 times as much for it as we paid for Russian gas.
And Norway, Algeria, etc and all the other providers know very well that our biggest provider has been cut off, so they can all ask much more.
So it's very easy and convenient to say "why don't you do differently Europeans", but it has a terrible effect on our manufacturing and export bound economies.
(Also, investment to decarbonize things like cement are not going to happen if fossils stay cheap.)
US emissions are down 9-10% and China emissions are up by 23-25%.[1]
China represents ~32% of global emissions.
This is one reason why they tried to limit emissions and climate change, because it triggers runaway effects like in this case forest fires, droughts, floods, melting of glaciers, polar caps and permafrost, ocean flows, etc. These are all climate change effects.
I'm a pessimist and think it was already too late when the Paris Agreement was put in place. Already too late when Al Gore did his thing in the 2000s.
Government: "We need to sacrifice"
Populists: "No one will take/tax our gas-guzzling trucks and our beef! Make this country great again!"
Voters: "Fuck off government, put the populists in power instead!"
Meanwhile they are also rapidly going green by adopting this tech domestically since it's highly price competitive due to their manufacturing investments. They also invested heavily in Nuclear (which the government there openly welcomed).
Same thing applies to those up and coming countries: they immediately have more efficient technologies.
Well... that's what we did in the Industrial Revolution too. Only the countries were reversed.
Buy all the things from me, don't worry about my dirty powered factories.