Pricing Emissions
China’s Carbon Markets Stumble

China’s seven pilot carbon markets are defying green hopes and struggling to get off the ground.

Game of Thrones
Japanese Navy’s Passage to India?

The naval drills will be a strong (and provocative) sign to Beijing, which must be watching the coalitions of opponents warily.

Smart Diplomacy
Obama Tries to Paper Over Brazil Tensions

President Obama hosted Brazilian President Dilma Rousseff at the White House yesterday, but the way for the U.S. to improve relations with Brazil isn’t to make empty comments at a substance-free summits.

Commanding Heights
Chinese Challenge Fuel Centralization

As China tries to steer its economy to a new system based on domestic demand, the challenges ahead will add to the pressure to consolidate power and control.

© Getty Images
The Green Pope
The Fisherman’s Other Shoe Has Dropped

Francis’ prescriptions on the environment are fanciful at best, and represent the latest Vatican lurch to the Left.

Gazproblems
Ukraine Snubs Russian Gas

Gazprom supplies to Ukraine were shut off today as the two sides failed to reach a new natural gas agreement.

Internet Age
Paris Prosecutors Arrest Uber Managers

In the wake of protests against Uber by French cabbies, another sign of France’s turbulent adjustment to the sharing economy.

Cuban Embassy Opening
A Good Thing but Not a Big Thing

This morning President Obama is expected to announce the restoration of diplomatic relations with Cuba, and his supporters will no doubt hail this as a great success. It’s certainly a good thing, but it’s not a big thing.

Terrible Timing
Regulations Strangling Small Business Growth

At just the moment when our economy desperately needs a wave of innovation and small-scale entrepreneurialism, the Left has decided to do everything in its power to make the American system as inflexible and corporatist as possible.

Enviro-Mental
Germany’s Energiewende Finds the Sour Spot

Germany’s energy transition has a remarkable ability to consistently fail in its objectives.

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