Environment & Climate Change

"An ambitious deal might also stimulate more demand for innovations in clean technologies, in which China is emerging as a global leader. But because of the UN's decision-making process, in which all its members have to agree on a new deal, Xi Jinping is in the powerful position of being able to commit to only as much emission reductions as fit his domestic policy agenda."

"...[U]ntil now, Beijing's response to unmet energy demand has focused primarily on securing resources overseas, and building infrastructure for imports. China now generates more electricity from imported coal than from nuclear, wind and solar combined. Without a strong, coordinated policy shift, the country will depend on fuel imports for most of its energy consumption by the time it becomes a developed country."

"Although the country has successfully imported model environmental policies, it has yet to develop the complex institutional infrastructure needed to make them work, especially an independent judiciary, a capable bureaucracy, and effective co-operation between central and local governments."

"Because CAFE standards increase the price of new cars, the standards have the unintentional effect of keeping older — dirtier and less fuel-efficient — cars on the road longer. This is counterproductive.

Also, by decreasing the cost per mile of driving, CAFE standards — like any energy-efficiency technology standard — exhibit a rebound effect — namely, people have an incentive to drive more, not less, thereby lessening the anticipated reduction in gasoline usage."