In the past few months, I've been reading about China's moves into green tech. I'm very competitive by nature so obviously, I can't stand it when pretty much more green efforts are being made anywhere else but the United States.
And like China or not, they make moves in green efforts that the right wingers and old energy-backed politicians, in both parties, continue to hamper a potential ecnomic growth engine.
China will be doubling solar production from 5 GW to 10 GW by 2015. They're playing huge in wind as well In fact, China invested more in green tech than the US so far this year.
And the oil and coal guys are playing a smarter game in the US than the green advocates. The renewable energy and green advocates are talking about climate change. The dirty energy guys are glad that's happening. What it comes down to for these guys is money. If the renewable energy industry can move away from any talk about climate change and more about economic growth and securing energy sources, the sun and wind, the public would be more likely to support an energy policy in this regard.
I'm afraid that opportunity had long passed. And in China, even now, they've got their own cash-for-clunker program going on and I see them keep this going for a while. Remember, this is Beijing, not a democracy.