The world’s largest greenhouse gas emitter might have reached its peak. China’s emissions are down 1% over the past 12 months. This is big news. It’s not the first time emissions in China have fallen, but it’s the first time the decline wasn’t caused by an economic downturn. Interesting side note: Even though China will remain the largest emitter for some time – if emissions continue to fall, China will probably never reach the overall historic emissions caused by the United States.

From Weekly Filet #529, in May 2025.