Multiplied by area. We’re already getting our asses handed to us on the renewable energy front. Foot-dragging, slow-walking… whatever you want to call it, it all amounts to the same thing.
China’s leaders are investing $12.6 million every hour to green their economy. Other countries are equally energetic in their embrace of alternative energy technologies; they are setting targets and investing billions of dollars to spur the development of entirely new markets in wind, solar, geothermal, biofuels, energy efficiency, high-speed rail, and other clean and innovative solutions to global warming.
The United States, too, is poised to transform its economy to create millions of new jobs and help create a cleaner, safer planet by investing in a green, renewable-energy based economy. The Obama administration wants to unleash the ingenuity of our private sector to rein in pollution and put millions of Americans back to work. Yet China is spending twice as much as the American Recovery and Reinvestment Act spends to lay the foundations for a green energy economy, despite the U.S. economy being 1.5 times as large as China’s. And across Europe and Asia, other governments have diversified their energy portfolios and encouraged entrepreneurs to start and expand clean and renewable energy companies.
Nice graphs and pics at the link. But for all the gnashing of teeth about what China and India won’t do about their greenhouse gas emissions, China is seeing the opportunity to pivot as a chance to take at least a couple of steps ahead. The whole anti-Kyoto rationale has been pure canard a l’orange the whole time, doncha know.
And Germany is leaving us in the dust, as per usual. But no… we wouldn’t want that old gummint telling us what to do, with all that fancy talk about energy portfolios and tax incentives. When will we have had enough of bringing up the rear on a brighter day?