Victoria Vincent: “Unbeknownst to many, Asia - and China in particular - is dominating another key industry, which can threaten U.S. stability and security: clean energy technology.”
Unbeknownst to many, Asia — and China in particular — is dominating another key industry, which can threaten U.S. stability and security: clean energy technology.
Unfortunately, in many ways, this is a competition the U.S. is currently losing. The solar panels you might purchase to use on your home were most likely manufactured in China, which dominates 60% of the global solar panel market. The world’s largest capacity for wind energy: also, China. And on top of that, the Chinese Communist Party is rapidly accelerating its ability to export technology and infrastructure as part of the Belt and Road Initiative.
To surge ahead, there are a suite of potential investments and responses U.S. lawmakers and innovators can make. However, any serious response must harness the full entrepreneurial and innovative power of the U.S. marketplace. Most importantly, this means putting a price on carbon. This approach contrasts with the left’s approach to pursuing energy innovation, which too often relies on regulatory red tape and the government to pick winners and losers. These heavy-handed policies are not only costly and slow, but they are also unlikely to spark the private sector growth and innovation needed to speed ahead of China.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ask Amy: Troubled son keeps coming back for moreDear Amy: My son has been in trouble with the law for the majority of his life. I have never turned my back on him and at one point even paid an attorney $20,000 to keep him from spending his life …
Read more »
What banks never ask - KRLD NewsAmericans lost more than 5.8 billion dollars to phishing and other fraud in 2021 according to the FTC, an increase of more than 70% compared to 2020. To help reduce those numbers, The American Bankers Association (ABA) is kicking off a national campaign to educate consumers about the persistent threat of phishing scams. It's called banksneveraskthat. The campaign uses attention-grabbing humor to reinforce the notion that banks do not text, call or email customers asking for sensitive information like their passwords and social security numbers. KRLD's John Liddle talked with Paul Benda, SVP, Operational Risk and Cybersecurity with the American Bankers Association.
Read more »
Ask Amy: I’m going to be a Cinderella bride, but already there’s a dress problemMy friend is offended that I didn’t invite him to go shopping for it.
Read more »
Ask the MTA | Express bus driver shortage, subway wi-fi, and LIRR to Grand Central | amNewYorkamNewYork Metro, in conjunction with the MTA, present “Ask the MTA,” a column where MTA officials answer your questions about transit service in New York
Read more »
Ask Amy: Cinderella’s gown creates a friendship fracasDear Amy: I live with my fiancé and our cat, and I’m really happy.
Read more »