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Increasing Opportunities For Chinese Direct Investment In U.S. Clean Energy

Original story at ThinkProgress• 3 mentions • 1 year ago

ThinkProgress 1 year ago

 
In President Barack Obama’s first term, economic issues were often a source of friction between the United States and China, particularly regarding clean energy. But things started off relatively well a few years ago: President Obama made his first trip to China as president of the United States in November 2009, and energy cooperation was high on the agenda. President Obama and Chinese President Hu Jintao signed multiple agreements pledging to cooperate on a range of important energy initiatives such as the U.S.-China Clean Energy Research Center and a U.S.-China renewable-energy partnership.These initiatives are important. The United States and China are the world’s biggest energy consumers and biggest greenhouse gas emitters. Our two nations have similar energy and climate problems but different comparative advantages for addressing those problems. The United States leads in cutting-edge clean energy innovation, and China leads in the rapid commercialization and deployment of those technologies.Working together on clean energy just makes sense. If U.S. and Chinese clean energy enterprises can have open access to both markets, that access will improve their abilities to achieve good economies of scale and drive down costs. If both markets are competitive, that will give enterprises in both countries strong incentives to innovate, and innovation will lead to new technologies and new business models that should speed our transition to a clean energy economy. That would be good for U.S. and Chinese consumers, good for our economies, and good for the planet as a whole.
 
 
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What they're saying:

12 Feb
The Climate Group @ClimateGroup
An in-depth look at the increasing opportunities for direct Chinese investment in US clean energy http://t.co/utiQeOT0 via @climateprogress
11 Feb
Beyond Fossil Fuels @CanadaBFF
#Climate - Increasing Opportunities For Chinese Direct Investment In U.S. Clean Energy http://t.co/DF2wzv6V
11 Feb
Climate Progress @climateprogress
Increasing Opportunities For Chinese Direct Investment In U.S. Clean Energy http://t.co/6HakyK6L