The New Arms Race

Indeed, the Chinese are treating the energy technology competition if it were an arms race. China is spending as much or more on greentech as it does on its military, hundreds of billions of dollars annually on renewable energy and grid infrastructure improvements. Those investments, if not vigorously countered, will effectively erode America's greentech industry leadership and secure China's dominance. China's economic stimulus package, targeted 38% of spending on greentech, as compared to a miserly 12% of the U.S. stimulus program. By 2013, greentech will account for 15 percent of the Chinese GDP. While the United States is projected to roughly triple its wind generation by 2020, China will increase its capacity twelvefold to a wind generating capability more than twice that of America's. And, while the United States is projected to increase its installed solar generation a modest 33% by 2020, China's solar generation is projected to increase 20,000%.
6 commentscategory: Environment karma: 155

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  1. #1    If we put into green technology what we put into Wall Street, we'd be in a booming economy RIGHT NOW.
    written by epppie since 81 days 22 hours 58 minutesepppie
  2. #2    Note that #1 is a Comments Spammer. jacicaalban's only post since signing up yesterday is also spam.
    written by kladner since 81 days 16 hours 45 minuteskladner
  3. #3    I don't see any spam!!
    written by protect_democracy since 81 days 14 hours 43 minutesprotect_democracy
  4. #4    When China vanquishes the United States, we can all pretend that China won because they weren't really Communist and the US lost because it wasn't really Capitalist.
    written by TurMault since 81 days 6 hours 46 minutesTurMault
  5. #5    Amerika is finished anyway. An economy built on war, homeland security, and derivitives has failed.
    written by bluefin since 81 days 6 hours 8 minutesbluefin
  6. #6    what did you expect when you allow a bush to lead you into the ground, and as far as change, they spell their names differently
    written by rxgary since 81 days 5 hours 29 minutesrxgary
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