Will the U.S. surrender to China in this key strategic area of clean energy while we rely heavily on carbon-based, dirty fuels?
China is already dominant in many low-carbon energy technologies. It produces two-thirds of the world’s solar panels and nearly half of the wind turbines.
On a lake created by the collapse of abandoned coal mines in Luilong, China has built the world’s largest floating solar project. China is now leading the construction of the Quaid-e-Azam solar park in Pakistan, one of the world’s largest.
China is also rapidly expanding its fleet of nuclear reactors and leads the world by far in hydroelectric power.
The country’s “Made in China 2025” program calls for heavy spending on clean-energy research and development, as a way to bolster the economy. State-owned banks are pouring tens of billions of dollars each year into technologies like solar and wind.