China discovered a rich field of oil few days ago, which might change the coal equation.

But more importantly, in order to understand the situation correctly, we must emphasize a few points...

First, when we look at consumption-based CO2 emissions, the West still leads the way:

https://ourworldindata.org/grapher/consumption-co2-per-capita?time=latest

This means Chinese coal burning is, in the end, demanded and consumed mostly by the West. That's not much of a saving the climate.

Second, the West still leads the way in per capita CO2 emission compared to China and India:

https://ourworldindata.org/grapher/co-emissions-per-capita

Third, when we look at cumulative CO2 emissions, the West leads the way by far:

https://ourworldindata.org/grapher/cumulative-co-emissions

EU topped both China and India, USA is leading the way by far, even compared to China and India combined. Colectively, the West produced more than double than CO2 emissions of China and India combined. If on top of that, we take into account the significantly bigger populations of China and India, and calculate per capita cumulative CO2 emissions, in total, the West produced more than quadruple the amount per capita than China and India combined.

If China and India continue with their current CO2 emissions (jointly 15 billion tons/year), even if they double it, it will take them more than 10 years to catch up with the West in terms of cumulative CO2 emissions.

The West has a big climate depth to repay. Abandoning consumerism, which is mostly based on China's dirty industry, would be the most moral way to do it.