Tightly linked to regulatory risk in the global and domestic marketplaces, climate risk preparedness will be a key driver in a company's ability to compete. General Electric, for example, sees huge growth opportunities from its many new climate-friendly product lines, such as wind turbines, high efficiency gas turbines, IGCC power plants and hybrid diesel-electric locomotives. Ford and General Motors are currently engaged in a high-stakes struggle to remain competitive as customers turn away from gas-guzzling SUVs in favor of hybrids and other lower-emitting vehicles from Japanese competitors. In China, auto sales are surging well beyond growth rates that the U.S. market has seen in recent decades. Yet, less than a quarter of current U.S. passenger cars and light-duty trucks can meet China's 2008 emission standards.