Bloomberg South Africa, the world’s 12th biggest producer of greenhouse gases, has committed to improving its target for reducing its projected emissions of the pollutants by 17% in 2025. The environment ministry said in a presentation on Tuesday that it will, after consultation, present a revised so-called Nationally Determined Contribution to the United Nations Framework Convention on Climate Change. That ...

President Joe Biden’s next major legislative initiative is called an “infrastructure” bill, but it’s actually something bigger. It’s about transforming the nation to better fit the needs of our future economy — in other words, industrial policy. Usually when we think of infrastructure bills, we’re talking about repairing all the old stuff: roads and bridges. This bill will definitely include ...

In the annals of 21st century capitalism, Covid-19 will go down as a pressure cooker. The pandemic has put enormous strains on livelihoods, individual well-being, healthcare systems, the viability of firms and the stability of public finances. But a byproduct of this stress is that when it’s finally behind us, we might decompress a little — and choose to be ...