While yes the emissions are down from 2007 and majority of it has been driven by the shift away from coal in power generation.

However, every other sector has been rather flat in terms of emissions since the 90s. When you account for the fact that a large amount of industries have moved to China and other developing countries, the fact that emissions from industries have been flat, means that the overall consumption has gone up.

If you account for the emissions that we’ve offshored, we’d not be looking so good.