Cross-Posted from The Daily Green <http://www.thedailygreen.com/environmental-news/blogs/republican/renewable-energy-investments-0329>
By: Jim DiPeso, 29 Mar. 10
Those who oppose U.S. action to limit carbon pollution often say that it wouldn’t do any good because China’s emissions growth would overwhelm any emissions reductions that we make.
They say we should not do anything unless and until China acts. We should let China take the lead. It certainly is puzzling to hear self-proclaimed conservatives saying that America should forsake global leadership on a critical issue and defer to the world’s largest communist country.
In any event, here’s a news flash: China is not waiting for the U.S. to make up its collective mind about reducing carbon emissions. Chinese investments in low-carbon energy technologies are outpacing America’s. As Senator Susan Collins (R-Maine) told the Bipartisan Policy Center last week (yes, there is such a thing in hyper-polarized Dee Cee), the U.S. is in danger of falling behind. “We are at risk of losing the race to develop alternative energy and new technologies to China,” said Collins, who, together with Washington Democrat Maria Cantwell, is backing a cap-and-dividend bill to put a price on carbon, auction emissions allowances, and return 75 percent of the proceeds to the taxpayers.
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