US President Obama said the U.S. will cut its net greenhouse gas emissions by 26 to 28 percent below 2005 levels by 2025

Chinese President Xi Jinping said China will aim to have its carbon emissions stop rising by 2030 – and said that by then, the Chinese will draw a fifth of their energy supply from non-fossil-fuel sources

More at CNN

There is already chatter in the market that China’s commitment will mean bad news for the coal sector and hence Australian exports of coal … weighing a tad on the AUD.