China’s Trade Truce Sparks Coal Comeback, Rattles Climate Crowd

China and the United States struck a three-month trade truce that features deep tariff revisions for the duration. Markets breathed a sigh of relief. Oil prices rebounded. Gloominess about global GDP subsided, if only temporarily. And climate activists worried that China’s industry will come roaring back, boosting electricity consumption and shrinking the share of wind and solar in the power mix. Beijing and Washington announced their temporary deal on Monday. By Wednesday, bookings for container ships from China to the United States had…