Can the U.S. Compete with China? Fred Krupp Says "Yes"
China's growing economic power is a growing concern for many Americans. Can the U.S. continue to compete with China in the global marketplace?
In a new piece for Reuters, EDF President Fred Krupp says "yes" — through the power of comprehensive climate and energy legislation.
Fred talks about the new "tripartisan" effort to pass a climate and clean energy bill in the U.S. Senate.
He also talks about how that effort is our best hope to beat China in the world's clean energy markets — and win the jobs those markets create:
Along with Sens. Graham, Kerry, and Lieberman, I believe we can match the scale of China’s centralized industrial policy by fully deploying the engine of American prosperity: our marketplace. It is the only tool we have with the scale and capital to compete with China. If the U.S. puts a limit on carbon pollution, we will send a clear signal to the marketplace that will unleash a massive wave of private investment in low-carbon energy sources and technologies like carbon capture and storage that would allow us to compete with the Chinese. Only when American policy creates a profit motive for investors, inventors and entrepreneurs, will we have a chance to win the race.
You can read the full piece here.
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