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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Sdgla who wrote (1388266)	1/22/2023 1:01:57 PM
From: Wharf Rat	Read Replies (3) \| Respond to of 1574953

They're also building solar and wind. Today, China is a veritable green power. It leads the world in renewable energy production figures and is the world’s largest producer of wind and solar energy, as well as the largest domestic and outbound investor in renewable energy. A fear of China drove the U.S. to act on clean energy Nothing exemplifies the return of Great Power politics more than the race for clean energy. Where decades of activism and warnings from scientists had failed to push significant policy change, fear of falling behind China has created a bipartisan effort to invest in clean energy transition. Together, the CHIPS and Science Act, Infrastructure Deal, and Inflation Reduction Act have brought close to half a trillion dollars in fiscal incentives and investments into the growth of clean energy and low-carbon technologies in the US. However, while the bills will boost research and development, they bring in limited regulation. Gallagher pointed out that according to the Department of Energy’s own estimates, the U.S. is “not competitive” in most clean energy sectors. It is still too early to tell if the massive influx of capital will be enough for the U.S. to win the clean energy race. “It’s a little daunting for the U.S.,” Gallagher said. Speaking of China’s dominance in the supply chains for low-carbon technologies, she added, “China is a planning economy, and that has really paid off.” fairbank.fas.harvard.edu.