China extends lead over U.S. in low-carbon competitiveness index

03/26/2013 | Environmental Leader

China extended its lead over the U.S. in an index developed by the Australia-based Climate Institute and General Electric to measure the preparedness of Group of 20 countries to compete in a global low-carbon economy. China moved from seventh to third place on the index, while the U.S. slumped from eighth in 2009 to 11th, according to data from 2010, the biggest drop in the latest rankings. Decreased private spending in clean energy, along with slumping high-technology exports, contributed to the decline in the U.S. ranking, said Climate Institute CEO John Conner.

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