Are the U.S. and China getting serious about reducing coal consumption?

The two pollution-spewing giants have unveiled new emissions regulations

Chinese coal plant
(Image credit: (China Photos/Getty Images))

The Obama administration is reportedly putting together a proposal to block the construction of new coal plants, unless they're equipped with an expensive technology that traps carbon dioxide emissions. And across the world, China also announced a decision this week to block the construction of new coal plants in three heavily polluted industrial regions around Beijing, Shanghai, and Guangzhou.

The developments are welcome, given that the U.S. and China are the world's two largest consumers of coal.

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Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.