It's always about cost. If you want to understand stuff, follow the money. There's only so much to go around. If you spend it here, than there's not enough for there. So everyone fights over where the budget money goes. If it's about action, why are the Chinese refusing to set goals before 2030?
Indeed it is. However, money can become nearly worthless if the economy is seriously mismanaged. In my view, there are things that are more fundamental than money, and which underpin all economies. Those are;
(1) A reliable supply of energy.
(2) The actual, true cost of that energy, in terms of labor, machinery and the infrastructure required to produce it.
(3) The innovative, productive and efficient ways in which we use that energy, for the benefit of societies.
Low cost energy combined with the innovative and efficient use of that energy is the basis of China's rapid and extraordinary economic development.
However, China's rapid economic development through the use of cheap energy from fossil fuels (as well as cheap labor), did have an uncalculated hidden cost, which is the health costs of the 'real' pollution from vehicles and coal-fired power stations with inadequate emission controls.
China has been tackling that problem for a number of years by decommissioning the older, polluting power stations, and replacing them with the modern Ultra-Supercritical type, as well as renewable energy. Here's an interesting news item about the current construction of such a plant in Poland. The 1,000 megawatt plant will be operational in 2023.
https://www.ge.com/reports/ultra-super-critical-thinking-high-tech-turbines-giving-coal-new-lease-life/The main problem with these Ultra-Supercritical coal plants is that CO2 has been mischaracterized as a 'pollutant', therefore most alarmist laypersons do not see them as 'pollution free' because CO2 is still emitted, although in lower quantities per unit of energy produced.
Carbon capture and storage is too expensive, but how about a
synergistic option which capitalizes on the undeniable benefits of CO2. Farmers have been pumping CO2 into their Greenhouses for decades because they know that it increases crop growth substantially, although the amount of increased growth can vary according to plant type and other conditions. Here's an article that addresses the benefits of various Greenhouse techniques.
https://www.edaphic.com.au/5-reasons-why-co2-levels-are-controlled-at-night/My proposal, which I think is very sensible and practical, is that all new coal-fired power stations should be of the Ultra-supercritical variety, which should also include state-of-the-art emission controls of chemicals which are harmful to human health, and that
such coal-fired plants should be surrounded by large Greenhouses.
All the CO2 emissions from the coal power-plants should be funneled into the Greenhouses. Nominate me for a Nobel Prize if you wish.