S Korea, Japan, China (see W Texas wind farm) are pouring billions into this technology
Keith Johnson - WSJ
- Nov 18, 2009
It may sneak up on us (see video) --Ed.
What do you get when mix a group that passionately believes technology holds the answer to our energy future with angst about Asia’s clean-tech irruption? “Rising Tigers, Sleeping Giant,” a new report out today from the technophile Breakthrough Institute that makes the case that the U.S. is losing ground in a hugely important race.
The idea that the U.S. is falling behind in Asia, and especially China, when it comes to clean tech isn’t new. It keeps Tom Friedman in business, for starters. And it keeps cropping up in congressional hearings in Washington on energy and climate legislation.
The U.S. hasn’t actually fallen too far behind yet. It’s the future that the Breakthrough Institute is worried about. Specifically, the next five years, when China, Japan, and South Korea are expected to spend about $500 billion to directly promote clean-technology development and depolyment, compared with about $170 billion in the U.S.—and that’s including energy legislation that passed the House and shoaled in the Senate.... [Read More]