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Wednesday, March 10, 2010

CBS Evening News on China's Lead in the Clean Energy Race

Originally Posted at Breakthrough Institute

The CBS Evening News has profiled the U.S. position in the global clean energy race for a segment called, "Where America Stands," and unsurprisingly, America stands behind China and other nations in developing and producing the technologies that will underpin the tremendous growth of the global clean energy sector over the coming decades.

CBS correspondent Celia Hatton reports, "China is the country cashing in on the green revolution." The video echoes the findings of a recent report on clean tech competitiveness by Breakthrough Institute and the Information Technology and Innovation Foundation, "Rising Tigers, Sleeping Giant," which notes that other countries have surpassed the United States in the production of virtually all clean energy technologies, from solar and wind, to nuclear and high-speed rail.

Hatton reports that China also dominates manufacturing in other "eco-products" like electric bikes, solar hot water heaters, and electric vehicles.

What should the United States do to stay in the game?

Some have argued that all the United States needs to do to stay competitive is to put a price on carbon, and wait for the market to do its magic. But CBS takes a closer look at what's needed to compete: "In the long-term, experts say U.S. government policies should build on America's strengths: technological innovation and highly efficient manufacturing to compete with China's unbeatable wages." Investing in clean technology research and development is particularly critical since other countries, including China, are moving quickly to close the innovation gap with the United States.

Without such investments, the new clean energy technologies may not just be manufactured in China, but invented there, too.

You can view the full video below:

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