Recently, at the Asia Pacific Economic Cooperation (APEC) summit in Beijing, dignitaries from around the world gathered to promote greater economic cooperation. At APEC, the United States and China finalized a new deal that would limit greenhouse gas emissions. President Obama hailed the agreement as a “milestone in the U.S.-China relationship”.

But is this the flowering of a renewed relationship?

The climate deal itself places China at an advantage. The U.S. has agreed to double the pace of its carbon-dioxide reductions after 2020 and set new targets for reducing overall greenhouse gas emissions by 26% to 28% by 2025. However, China did not commit to cut emissions by any specific amount, giving merely a vague promise to set a peak in emissions by 2030.…  Seguir leyendo »