On Tuesday, China announced plans to offer significant subsidies to solar energy projects all across the Asian nation. China is among the countries that has used low-cost financing to spur domestic renewable energy production. At its current rate of progress, China is on pace to become the world leader in every sector of renewable energy production.

Global leadership in the 21st century will be measured by many standards, but in the field of renewable energy the United States is in desperate need of the jump start that a Clean Energy Deployment Administration/Green Bank would provide to the currently depressed sector. China is rapidly moving towards energy independence, and energy independence for any country is aligned with economic and national security interests. The United States needs to move to the forefront of the global community in renewable energy generation, and creating a CEDA/Green Bank would be a giant step towards doing so.

Posted by: Alex Kragie



 


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