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

Economics

How to bring high-speed trains to the US

Japan's high speed trains run upwards of 200 miles per hour while Amtrak's Acela can only go its top speed of 150 for short stretches. The reason? Outdated infrastructure. After World War II, the US invested in cars, not trains, and today its passenger railways lag far behind countries in Europe and Asia. Harvard Business School professor Rosabeth Moss Kanter lays out a new vision for US transportation in her book "Move: Putting America's Infrastructure Back in the Lead."