Economics

Economics

Why China's embrace of renewable energy matters, and is more complicated than you think

China's former leader Deng Xiaoping once said that it doesn't matter whether a cat is black or white, as long as it catches mice. A new twist on the theme might be, it doesn't matter if China's leaders are committed environmentalists, or acting in pragmatic self-interest, if China's rapid ramping-up of renewable energy and easing away from coal yields a net benefit of reducing climate change-causing emissions, and helping to slow the rate of climate change. A look at what China is doing and why, as President Donald Trump declares an American retreat from global leadership on climate change