What's wrong with this headline? In Washington, D.C., there’s an ongoing debate about whether big oil and gas companies should keep their huge tax-payer funded subsidies. Meanwhile, in Beijing, the government is strategically maneuvering to capture the economic benefits of the future clean energy economy. A study released this week concludes that China’s green tech industry raked in $65 billion last year – making it the world’s leader in green tech production by revenue.
The green tech market contributed an impressive 1.3% of China’s GDP, boosting China’s rank based on percentage of GDP to #2. Windmill production giant Denmark scored highest with its green tech sector contributing 3% of its GDP.
The study (conducted by Roland Berger Strategy Consultants and commissioned by the World Wildlife Fund) also ranked the US. Guess what? We’re way down the list at #17.Read more
Earlier today, Secretary Chu announced on the Department of Energy's Energy Blog that "by the end of this spring, there will be solar panels and a solar hot water heater on the roof of the White House". Of course, we are all familiar with the infamous removal of the last solar water heater by then-President Reagan after it had been installed by President Carter 31 years ago. Read more
From economics and climate change to national security and global politics, energy is the driving force behind most everything on the planet. “Powering the Future,” a four-hour Discovery Channel TV series, premieres this weekend and closely examines where our energy could come from and how we are striving to create a clean, limitless, secure supply of energy.Read more
Despite the ongoing tragedy in the Gulf, there is still a glimmer of hope to be found amid the devastating oil spill: real attention is finally being paid to the need for a clean energy transition, and at the highest levels of government no less. In a speech delivered at Carnegie Mellon University in Pittsburgh last Wednesday, President Obama reiterated his appeal to Congress to pass a climate change bill this year.Read more
As Congress continues to mull over the need for another jobs bill, it is my hope that our elected officials realize that a transition to a clean-tech economy will only work insofar as two crucial policies—the inclusion of solar manufacturing equipment in the Manufacturing Investment Tax Credit (MITC) and the extension of the Treasury Grant Program (TGP)—are properly implemented. Read more
What's wrong with this headline? In Washington, D.C., there’s an ongoing debate about whether big oil and gas companies should keep their huge tax-payer funded subsidies. Meanwhile, in Beijing, the government is strategically maneuvering to capture the economic benefits of the future clean energy economy. A study released this week concludes that China’s green tech industry raked in $65 billion last year – making it the world’s leader in green tech production by revenue.
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