U.S. Behind in Drive for Clean Energy

Posted by: Tim Halbur

29 July 2009 - 7:00am

China, South Korea and Japan are all investing teh equivalent of hundreds of billions of dollars in clean energy technologies, while the U.S. is debating a mere 1.2 billion in the Waxman-Markey bill.

"As Congress debates climate and energy legislation, Asian challengers are moving rapidly to win the clean-energy race. China alone is reportedly investing $440 billion to $660 billion in its clean-energy industries over 10 years. South Korea is investing a full 2 percent of its gross domestic product in a Green New Deal. And Japan is redoubling incentives for solar, aiming for a 20-fold expansion in installed solar energy by 2020."

Full Story: Will America lose the clean-energy race?

Source: San Francisco Chronicle, July 28, 2009