"China wants to take over the role of the U.S. as a climate leader, and they've baked it into their five year plans." said Barbara Finamore, senior lawyer and Asia director at the Natural Resources Defense Council
From the Institute for Energy Economics and Financial Analysis (IEEFA.org), PacRim is pulling out of its Alaska Coal Project because of a lack of customers.
"The contributions of sustainable energy to the country's economic competitiveness are direct, dramatic and dynamic." Lisa Jacobson, president of the Business Council for Sustainable Energy.
It seems to me that the Democrats have a ready made strategy, screaming to be adopted. Push sustainable energy. It doesn't have to mean a loss of jobs; indeed, I believe that it is a nascent economic sector that is only going to get bigger, and employ more people. The cost of sustainables continue to drop - Bloomberg New Energy Finance reported that investment fell 18% from 2015 to 2016 because of the dramatic drop in cost, not demand.
Engineering and building storage capacity should be a big part of the economy. Not only does the grid need upgrading and expanding, storage capacity has to be increased as well.
German Chancellor Angela Merkel has implemented a program to get most of its energy from renewable energy sources (there have been some hiccups, largely because the grid and storage capacity cannot accommodate the supply.) Germany has day where close to 100% of its power comes from renewable energy.
If Germany and China take the lead in the renewable energy market, is the US crippling our future economy? I think so.
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