Full Title: Energy Innovation Policy: Priorities for the Trump Administration and Congress
Author(s): Varun Sivaram, Teryn Norris, Colin McCormick & David M. Hart
Publisher(s): Information Technology and Innovation Foundation
Publication Date: December 1, 2016
Full Text: Download Resource
Description (excerpt):
Energy is an enormous and vital economic sector, and clean energy in particular is growing rapidly in much of the world. Countries that have seized this market opportunity, valued at over $300 billion globally in 2015, are fueling economic growth at home and expanding exports abroad. Asian countries have vaulted to the forefront of global trade in clean-energy technology. In particular, China is the world leader in the production of solar panels, batteries, and wind turbines, and it is quickly taking the lead in next-generation nuclear power and technologies to capture carbon. The United States is losing this race because Asian countries are out-investing the United States and dictating the terms of competition, often flooding the market with low-cost, unimaginative products.