China’s efforts to develop a clean energy industry have captured headlines and political attention in the United States, creating an impression that somehow China is far ahead of the U.S. in the creation of a post-carbon energy economy. There is some validity to that concern, but at the same time China is finding that many of its policies to drive the growth its solar and wind industries are hitting some severe bumps. Overcapacity and price wars have led to hard times among equipment manufacturers in China, and the country is starting to face the challenges of dependency on energy sources that are at the mercy of the weather and the elements.
As the U.S. government’s efforts to support selected alternative energy manufacturers, it appears that both countries are finding the way forward to be more complex than just throwing money at the problem. As such, the timing is perfect for a book like Mr. Cooke’s. Finding the way difficult to navigate separately, perhaps the time is right to start working together.
Cooke gives us the beginnings of a pathway to working together. This is not a time to be giddy or unrealistic – China has proven its readiness to purloin innovations that belong to others, and each country knows that by working together they are also working with a future rival. Merritt seems to understand these issues, and by keeping his work focused on the enterprise rather than national policy level, offers practical advice for going forward.
- Clean Energy Investment: Wanxiang Wins Acquisition Bid for A123 (learnchinesebusiness.com)
- Three Warning Signs America is Losing the Global Clean Energy Race (forbes.com)
- Clean Energy Expo China (CEEC) 2013 (eco-business.com)
- China’s Clean Energy Output Advances 48% In One Year (cleantechnica.com)
- China Charts Clean Energy Course (hispanicbusiness.com)