This week, California’s state legislature approved a bill requiring the state to get 100 percent of its electricity from carbon-free sources by the year 2045. It’s a landmark for power sector decarbonization, and if Governor Jerry Brown signs the bill, it will require a transformation of the state’s energy system. California already gets 29 percent of its electricity from zero-carbon ...

The Indian central bank’s final tally of Prime Minister Narendra Modi’s 2016 demonetization drive, intended to take money derived from tax evasion out of circulation, showed that 99.3 percent of outlawed high-value banknotes had been returned. That’s a severe loss of face for officials, who had argued that holders of the cash would rather destroy it than return it to ...

Bloomberg South Africa’s Lesetja Kganyago has a fight on his hands to protect the central bank’s $50 billion of reserves. More than eight months after the ruling African National Congress decided that the South African Reserve Bank should be state-owned, like most other central banks, the governor said his main concern remains to protect the regulator’s independence and mandate. But ...