Global rules for developing alternative energy could prevent waste and abuse
At long last countries are waking up to the dangers of carbon-dioxide pollution and a finite supply of fossil fuel. The bad news is that emergent green technology risks spawning new trade wars. A firestorm of public criticism emerged in the United States last year, with reports of taxpayer stimulus funds being used to buy 240 Chinese-made turbines for a new wind farm in west Texas. The world’s pursuit of low-carbon sources of energy collided with the national need to create jobs.
China, Germany, Spain and the US vie with others to reap economic and environmental benefits of domestic green-energy sources while positioning themselves as market leaders in providing those technologies to the world.
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