Chinese cars are more than one-third more fuel-efficient than U.S. cars. China is investing 10 times as much on clean power, as a percentage of gross domestic product, as the United States is. China is on track to create 150,000 jobs through the deployment of 120 gigawatts of wind power by 2020 — an amount equivalent to today’s global total and nearly five times America’s. As a result, China is already curbing its carbon emissions substantially.
Today’s policies stifle American innovation and competitiveness. But good policy can flip this dynamic.