China's Green Ambition

China is rapidly becoming a global colossus in renewable energy as it seeks to reduce reliance on polluting fossil fuels and establish itself as the top clean-power manufacturer and exporter. The US government has belatedly recognized the challenge and in December convened the first meeting of a high-powered private-sector advisory committee charged with developing a clean-energy export-expansion plan. At the same time, the US Export-Import Bank announced increased financing for “green” exports, about US$500 million for the next fiscal year.

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