China, Coal, Climate

Krugman: US-China Climate Pact Is A Big Deal
Nobel Prize-winning economist Paul Krugman speaks at the Challenges of Job-Rich and Inclusive Growth - Session 2: Public debt, public investment, and growth talk at George Washington University in Washington,DC on October 8, 2014 at the start of the annual IMF/World Bank meetings. AFP PHOTO/Nicholas KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
Nobel Prize-winning economist Paul Krugman speaks at the Challenges of Job-Rich and Inclusive Growth - Session 2: Public debt, public investment, and growth talk at George Washington University in Washington,DC on October 8, 2014 at the start of the annual IMF/World Bank meetings. AFP PHOTO/Nicholas KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)

It’s easy to be cynical about summit meetings. Often they’re just photo ops, and the photos from the latest Asia-Pacific Economic Cooperation meeting, which had world leaders looking remarkably like the cast of “Star Trek,” were especially cringe-worthy. At best — almost always — they’re just occasions to formally announce agreements already worked out by lower-level officials.

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