Could China Save the Day?

In February, China announced plans to implement a carbon tax as part of a broader effort to improve its environment. China later decided to wait another year before implementing the carbon tax and recently refused to pay for CO2 emissions caused by Chinese airlines flying within Europe. It is confusing to understand China's position on the issue, but perhaps the country's leadership would help the U.S. to act? Well, China's new president, Xi Jinping, is in California this week to talk to President Obama about climate change, trade protectionism, cyber security and a host of other issues. Let's hope some real progress can be made.