If there was any doubt that we are now locked in a race to lead the global transition to a low-carbon economy, look no further than the speeches of Presidents Joe Biden and Xi Jinping, delivered to their respective legislatures in March, less than a week apart.
While Biden celebrated America’s industrial and technological renaissance with 15 million new jobs and $650 billion of private sector investment, Xi told legislators that China must “win the battle for key core technologies”...