India is on its way to becoming the third-largest economy in the world, yet unemployment among young people with graduate degrees is at an all-time high.
Chinese policymakers face difficult choices in setting climate goals. Some appear technical but have significant implications for environmental outcomes.
As the only multilateral institution charged with maintaining global financial and fiscal stability, the IMF’s role is critical for addressing climate change.
China’s decision to ramp up spending could accelerate a shift and help achieve long-term climate goals by bringing forward the peak in fossil-fuel use and lowering greenhouse gas emissions.