The Great Narrative: 'China's going back to the dirty coal' – China's bet on Western climate mandates may be dead.

"China manufactures green EVs using coal heavy electricity, and at the same time it's expanding coal capacity faster than any other country in the world. Just in 2024 alone, 94.5 gigawatt of new coal plants started construction. That's not green dominance. China is going back to the dirty coal."

"For twenty years, China built its industrial strategy around one core assumption: that the West would permanently mandate decarbonization and subsidize electric vehicles. That assumption may have just been shattered. President Trump overturned the 2009 'Endangerment Finding' — the legal backbone of America’s climate regulatory regime. This isn’t a  minor tweak. It’s a structural reset. China's EV dominance depends on permanent Western policy support, continuous subsidies, and ever-expanding global demand. What happens if those pillars weaken?"

More in the Ken Cao video.

Location: China

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