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Haynesville – Official Site of the Haynesville Shale Documentary Film | Energy News | East Asia set to win “green” race

Energy News | East Asia set to win “green” race

As reported by the San Francisco Chronicle:
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.
In contrast, the United States would invest only about $1.2 billion annually in energy research and development and roughly $10 billion in the clean energy sector as a whole under the Waxman-Markey bill – less than 0.1 percent of U.S. GDP. A group of 34 Nobel laureates recently wrote a letter to President Obama decrying the lack of investment and calling on him to uphold his promise to invest $15 billion annually in clean-energy R&D.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/26/EDKH18UBUP.DTL

As reported by the San Francisco Chronicle:

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.

In contrast, the United States would invest only about $1.2 billion annually in energy research and development and roughly $10 billion in the clean energy sector as a whole under the Waxman-Markey bill – less than 0.1 percent of U.S. GDP. A group of 34 Nobel laureates recently wrote a letter to President Obama decrying the lack of investment and calling on him to uphold his promise to invest $15 billion annually in clean-energy R&D.

Read the full article.

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