China's per capita CO2 production (7.2 tonnes pa) is now higher than the EU's (6.8). It's still half the USA's (16.5) per capita figure but it's increased 4 fold since 2001.

The totals are more like China 29%, USA 15%, EU 10% of total pa CO2 production.

So now what happens?

http://rationthefuture.blogspot.co.uk/2014/10/world-carbon-emissions-out-of-control.html
http://www.bbc.co.uk/news/science-environment-29239194

Obviously, it's all OK, because Paul Krugman (Nobel prize winning economist and NYT columnist) says "Saving the planet would be cheap; it might even be free." with a bit of carbon tax, carbon credits and other strong measures to limit carbon emissions.
http://www.nytimes.com/2014/09/19/opinion/paul-krugman-could-fighting-global-warming-be-cheap-and-free.html
And anyone who disagrees is just indulging in "climate despair".