Sunday, January 02, 2011

Obama administration files WTO complaint against China over wind power subsidies


The Obama administration on Wednesday backed the United Steelworkers union in its accusation that China is giving an illegal boost to wind power manufacturers there.

By filing a case with the World Trade Organization, the U.S. is challenging the Asian superpower’s speedy ascent in the clean-tech and renewable energy market.

The complaint concerns a Chinese government incentive program that subsidizes turbine makers. But hundreds of millions of dollars in funds, according to the U.S., are only doled out to companies that use Chinese-made components to the exclusion of parts produced overseas.

See full Article.