United States Needs Clean Power Policy To Catch Up With China

Clean energy was touted as a main motor for economic growth in the State of the Union address given by President Obama Tuesday. A target of 80 percent clean power in the U.S. by 2035 was the challenge he laid down before Congress. Drilling for more oil is the Republican rebuttal, even though China, which has a countrywide clean energy plan, threatens to leave the United States floundering while it leads the world. There could be a lot of quick installment loans taken out for new technology to be developed before any massive changes will take place.
A comprehensive clean energy policy
The president's State of the Union address talked about clean energy a lot. Mentioned in there was natural gas, clean coal, wind power and solar power. Oil won't be involved in the clean energy plan of the country. The president made that clear. In fact, in the current political environment that holds federal spending in contempt, Obama proposed paying for government investment in clean energy by cutting off billions of dollars in oil company subsidies. According to the Center for American Progress, cutting off oil company subsidies would conserve the federal government $45 billion over 10 years. In just 2009 profits, Exxon itself exceeded the figure.
Worldwide investment in clean power
Across the world, there has been a 230 percent increase in clean power throughout the world since 2005. This is what the Pew Environment Group Climate and Power Program explains. There was $162 billion spent on clean energy within the world. This was in just 2009. About $34.6 billion of that came from China. About $18.6 billion came from the U.S. When the numbers come in for 2010, analysts expect worldwide investment in clean energy may have grown 25 percent to $200 billion. China's percentage of the pie is also expected to increase. Both China and India are within the lead when it comes to clean power. This is when thinking about incentives for businesses to use clean power and countrywide policies meant to have carbon emissions go down.
Good news a nation clean energy plan brings
National clean energy was one of the things the president stressed most. He encouraged congress to move forward with nuclear power, clean coal and natural gas. Republicans dismissed Obama's clean power theme and chose to criticize him for the 2010 drilling moratorium within the Gulf of Mexico. For oil corporations, the GOP has been trying to stop a countrywide clean power policy. Right now, clean power sources are required in about 30 states. When it comes to clean power, there would be a standard that would make it a more reliable long term investment in the United States for a countrywide standard. This is what experts at the Pew group explained.
Information from
ABC News
abcnews.go.com/Technology/clean-energy-china-ahead-us/story?id=10934443&page=4
CNET
news.cnet.com/8301-11128_3-20029599-54.html?part=rss&tag=feed&subj=GreenTech
Politico
politico.com/news/stories/0111/48192_Page3.html

By: Helen Louie

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