Hill Heat

From the Wonk Room.

A new report from the Center for American Progress points out that the United States is slipping behind other nations in the development and deployment of clean energy and efficient infrastructure even as China spends $12.6 million every hour greening their economy.

Read the full study here.

China, as part of their two-year stimulus plan, is poised to spend 3% of their GDP a year on public investments in renewable energy, low-carbon vehicles, high-speed rail, an advanced electric grid, efficiency improvements, and other water-treatment and pollution controls. This is about $12.6 million every hour. In the United States, the American Recovery and Reinvestment Act invests about half as much as China on comparable priorities. This represents less than half of one percent of our 2008 gross domestic product.

The paper also shows that, when it comes to preparing our country to compete in the new energy economy of the future and create millions of new jobs, the United States lags behind most of our competitors in the rest of the world in a four key ways.

• We have no national energy portfolio standard that encourages clean, renewable power and shifts away from dirty and dangerous energy.
• We have an outdated electrical grid unsuited for the task of carrying energy from regions rich in wind, solar, and geothermal potential to the people who need the energy.
• We don’t make dirty energy companies pay for the pollution they pump into the air; in fact, we give them billions every year in tax breaks.
• And we don’t invest enough in research, development, and deployment to inspire our entrepreneurs and leverage their discoveries by helping bring their bold new technologies to market.

As venture capitalist John Doerr recently pointed out in his testimony before the Senate Committee on the Environment and Public Works, “What is at stake is whether America will be the worldwide winner in the next great global industry, green technologies.”

Some pre-release excerpts from President Bush’s State of the Union speech, as prepared for delivery:

To build a future of energy security, we must trust in the creative genius of American researchers and entrepreneurs and empower them to pioneer a new generation of clean energy technology. Our security, our prosperity, and our environment all require reducing our dependence on oil.

Let us create a new international clean technology fund, which will help developing nations like India and China make greater use of clean energy sources. And let us complete an international agreement that has the potential to slow, stop, and eventually reverse the growth of greenhouse gases. This agreement will be effective only if it includes commitments by every major economy and gives none a free ride.

Translate as you will.

National Security David Sassoon at Solve Climate notes that Michael McConnell, the Director of National Intelligence, had this to say in a New Yorker profile when asked if Al Qaeda is the greatest threat America faces:

No, no, no, not at all. Terrorism can kill a lot of people, but it can’t fundamentally challenge the ability of the nation to exist. Fascism could have done that. Communism could have. I think our issue going forward is more engagement with the world in terms of keeping it on a reasonable path, so another ism doesn’t come along and drive it to one extreme or another.

And we have to some balance in terms of equitable distribution of wealth, containment of contagious disease, access to energy supplies, and development of free markets. There are national security ramifications to global warming.

Biofuels Technology Review has an extensive piece on the Price of Biofuels, covering the ramifications of America’s heavy investment in corn ethanol and the uncertain future of cellulosic ethanol. The New York Times reports Europe May Ban Imports of Some Biofuel Crops as it recognizes the drastic environmental harm and negative global-warming consequences of replacing rainforest with palm-oil plantations.

China In Dealing with the Dragon, Paul Krugman argues that China should be the U.S.’s primary foreign policy concern, in large part because of climate change, “which will eventually be recognized as the most crucial problem facing America and the world — maybe not today, and maybe not tomorrow, but soon, and for the rest of our lives.”

Coal Heather Moyer at Sierra Club’s Clean Energy Watch points to another New York Times piece that reports:

A justice of the West Virginia Supreme Court and a powerful coal-company executive met in Monte Carlo in the summer of 2006, sharing several meals even as the executive’s companies were appealing a $50 million jury verdict against them to the court.