A clean energy arms race between the U.S. and China — the world’s two superpowers and largest greenhouse gas emitters — has been the dream of climate advocates for decades
The massive investment returns credibility to the United States’ badly battered international reputation after years of federal inaction and former President Donald Trump’s withdrawal from the Paris Agreement, said Stern.
“These self-contradictory moves make the world question the U.S.’s capability and seriousness on addressing climate change. The U.S. should earnestly deliver on its historical responsibilities and due obligations on climate change and stop looking around for excuses for its inaction,” he said. . That outstrips all of North America by $146 billion. The share of electricity generation provided by renewables is higher in China than in the U.S., while the sheer number of solar panels and wind turbines being installed across China leaves their American rivals in the dust.
Recent U.S. moves illuminate a growing interest — often bipartisan — in using industrial policy to counter China, with Congress passing or considering laws that would arm the world’s largest economy for battle with China in the growing clean tech market. The economic signals from China are feeding an increasingly broadly held view among climate diplomats and observers that Beijing’s economic self-interest is leading toward a place that the U.S. and others might have hoped to push it.
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