New Yorker: It was hard to avoid the irony. The leader of China--nominally, at least, a Communist country--came to Washington and announced that his government was adopting a market-based approach to curbing carbon emissions. Meanwhile, to reduce its carbon emissions, the unreservedly capitalist U.S. of A. is relying on regulations issued by a centralized bureaucracy.
In an announcement timed to coincide with todays summit between Presidents Xi Jinping and Barack Obama, the Chinese government said that it...