Target coal or carbon? Researchers are analyzing coal and energy caps as carbon policy instruments for China

In China, coal is king. The source of about 70 percent of the nation's energy supply, it has long been the engine of the Chinese economy. But the reign of coal, which has the highest carbon content of all fossil fuels, has resulted in unintended consequences, from local air pollution to global climate change. While China is currently moving ahead with a national carbon market covering large emitters, an ongoing question remains whether and how the country might also directly restrict the use of