Over the past seven years or so, the Chinese government had the power forward with the industrial policy to promote low-carbon energy technologies - wind, solar, electric batteries and vehicles, nuclear power, and even carbon capture and sequestration. In 2009, the government focused on the broad "indigenous innovation", to adopt the policy, and then to develop the technology in dozens of high-tech industries. As in the past the focus on renewable energy sources, explicit public policies and subsidies discriminate against foreign goods and foreign companies have invested in China. The net impact of these initiatives leave low-carbon energy sector in the U.S. in the dust. "Hide
by Richard HK Vietor Source: Harvard Business School 24 pages. Publication Date: June 29, 2012. Prod. #: 712061-PDF-ENG