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Emissions Reduction by the Numbers / Jeffrey Frankel, Harvard University's Kennedy School of Government, Project Syndicate, 14/11/2014http://www.project-syndicate.org/commentary/china-us-carbon-emissions-formula-by-jeffrey-frankel-2014-11Discussions in Beijing between US President Barack Obama and Chinese President Xi Jinping – the leaders of the world’s two largest carbon-emitting countries – produced an unexpected, groundbreaking bilateral agreement on greenhouse-gas emissions. Under the new deal, the US is to reduce its emissions by 26-28% from 2005 levels within 20 years, and China’s emissions are to peak by 2030. In the absence of a binding global agreement, such unilateral or bilateral commitments by countries to rein in their contribution to global warming represent the most realistic hope for addressing climate change...