I agree with you on the "U.S.'s potential for emissions growth is just so much smaller".
But my POV (as someone who spend 1/3 of my life in US and rest in India) is that US has huge potential to cut down on unnecessary emissions in terms of HVAC, lighting, using efficient cars, subsidizing public transport systems. Hence I have this huge bias against the energy consumption habits of Americans in the US.
Main problem is that the economy of US and many developed nations run on fuel burning carbon emitting industries (crude oil, car manufacturing, gas/electric utilities, car dealerships selling IC engine cars, HVAC equipment). That is why lobbies in US scuttle any govt moves toward encouraging solar/wind power, electric cars (It's a surprise for me that Tesla has survived this far), public transport systems.
I also agree that emissions as a geo-political entity helps in driving global policies to reduce emissions. But beyond that, if US is not setting an example like recently GM shut down many sedan making plants in US and Canada (and POTUS gives an excuse that he'll get rid of subsidies for GM's electric cars while Americans are moving back to their SUV craze), it's only going to mean tougher choices for India and China to make, with costs born by those citizens, and a price will be paid by the current heads of state in the respective countries because they capitulated to US's pontificating (Eg: Canada PM has a growing anti incumbency for the next round of elections).
India is making the right moves as of now (crazy huge solar fields and alliances, massive investments in public transport infra, LPG and electricity connections / supply to more households etc), but it'll take a decade at least for any of this to materialize into reduced emissions.
(None of this is even factoring the pollution in China because of US's consumption of goods manufactured in China and transported to the US, which gives US kind of a free ticket to pontificate saying they are not the most most polluting country.)