China: can the factory of the world decarbonize?

China now aspires to reach ‘net zero’ CO2 by 2060. But is this compatible with growing an industrial economy and attaining Western living standards? The best middle ground that balances these objectives sees China’s coal phased out, oil demand plateauing at 20Mbpd, gas rising by a vast 10x to 300bcfd, and 9GTpa of gross CO2 emissions being captured or offset. The biggest challenges are geopolitics and sourcing enough LNG.