More on the green subject, this time pointing out where China goes (DREADFULLY) wrong:
This story is very very important, and I'll write more about it when I'm not going out to dinner. But energy subsidies are a catastrophe for everything involved in China's development.
But Yvo de Boer, the United Nations’s outgoing senior climate-change official, argues that limits to what can be done are set by the perverse economic incentives that apply in most parts of Asia. Developers, a big part of the solution, will struggle to make a profitable fist of turning green when energy and the costs of pollution are grossly mispriced, favouring old-fashioned utilities. Putting an end to these subsidies would do wonders for bringing about a better night’s sleep, and a crisper, more pleasing view in the morning.