According to two business luminaries---Jeff Immelt of GE and John Doerr of Kleiner Perkins---the US is not at the front of the pack. There is only one US company among the top ten solar manufacturers, and only two among the top ten green battery manufacturers. We lag in the wind power equipment industry as well.
Instead, China, India, and other Asian countries are setting the pace. Their governments are more committed to reducing dependence on traditional energy sources, and they are making larger investments in green technology. For instance, China’s spending on green energy as a percentage of GDP is ten times America’s. (Paradoxically, these same countries have some of the biggest domestic pollution problems---but that’s a topic for another newsletter.)