Friday, August 22, 2008

Falling Behind China's Energy Policy

While China and the Olympics is on everyone's mind, here is an interesting set of comments on China's environmental policies from Jim Rogers, chief executive of Duke Energy Corp.

China, he said, already leads the world in manufacturing solar energy panels. Next year the country will become the world's top manufacturer of wind turbines. Rogers said China is creating the technology and developing "the creativity and the brain power to blow by the United States" on green energy. And it is creating jobs for its future. “They are making it happen while we are still talking about it...It’s time the United States and its leaders — including the two presidential candidates — face the fact that this country can no longer claim to be a leader on global-warming and clean-energy issues."

When you add up the cost of what the United States squandered by its decisions in the last decade or so, don't forget to include this.

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