Even if the best proposals now working their way through Congress become law, the U.S. will invest no more than $172 billion in the next 5 years while China alone will invest $397 billion in New Energy.
Those are the findings of Rising Tigers, Sleeping Giant: Asian Nations Set to Dominate the Clean Energy Race By Out-Investing the United States, by Breakthrough Institute and the Information Technology and Innovation Foundation. It presents 5 core findings.
The 5 core findings:
(1) The U.S. is already losing the new Space Race-like competition and the 3-to-1 Asian spending advantage planned for the next 5 years will set them up to lure trillions in private sector investments. The U.S. may grab some joint venture fruits of their growth but the Asian powerhouses will reap the largest bounty in jobs, tax revenues, and indirect benefits.
(2) The government spending for New Energy research, development and deployment (RD&D) in Asia will generate economies of scale, learning-by-doing, and innovations that will spawn new infrastructure and new economic leverage.
(3) If the U.S. allows the New Energy “spending gap” to continue, it will lose the equivalent of a new Space Race and become a New Energy importer which will, in turn, hamper its short-term economic recovery and its long-term competitiveness.
(4) The present House and Senate energy and climate bills are inadequate to get the U.S. back into the Race, lacking funding for RD&D to match the rising Asian New Energy powers.
(5) If the U.S. hopes to remain competitive, it must not rely on the private sector and “small, indirect and uncoordinated incentives” but must commit to “large, direct and coordinated” federal investment.
Source :
http://www.renewableenergyworld.com/rea/blog/post/2009/11/asia-the-u-s-and-the-new-energy-race
(1) The U.S. is already losing the new Space Race-like competition and the 3-to-1 Asian spending advantage planned for the next 5 years will set them up to lure trillions in private sector investments. The U.S. may grab some joint venture fruits of their growth but the Asian powerhouses will reap the largest bounty in jobs, tax revenues, and indirect benefits.
(2) The government spending for New Energy research, development and deployment (RD&D) in Asia will generate economies of scale, learning-by-doing, and innovations that will spawn new infrastructure and new economic leverage.
(3) If the U.S. allows the New Energy “spending gap” to continue, it will lose the equivalent of a new Space Race and become a New Energy importer which will, in turn, hamper its short-term economic recovery and its long-term competitiveness.
(4) The present House and Senate energy and climate bills are inadequate to get the U.S. back into the Race, lacking funding for RD&D to match the rising Asian New Energy powers.
(5) If the U.S. hopes to remain competitive, it must not rely on the private sector and “small, indirect and uncoordinated incentives” but must commit to “large, direct and coordinated” federal investment.
Source :
http://www.renewableenergyworld.com/rea/blog/post/2009/11/asia-the-u-s-and-the-new-energy-race
