Third Way Perspectives
Posts Tagged ‘investment’
May 11th, 2012
Global clean energy investment is expected to reach $2.3 trillion within a decade. Markets continue to expand 30 – 40% each year. By 2016, the global solar market alone is expected to reach $75.2 billion. Wind energy is expected to grow by double-digits annually, reaching $93.1 billion by 2016. These enormous economic opportunities are why the Obama Administration has focused so intently on helping grow American clean energy businesses. This has not been just through the investments in 2009, but also standing up of the Advanced Research Projects Agency-energy, the issuing of the first loan guarantee for a new nuclear power plant in the United States in more than a generation, and setting ambitious auto efficiency standards that will encourage American auto manufacturers to innovate.
February 15th, 2012
This piece originally appeared in The Wall Street Journal.
According to Chinese tradition, the coming “Year of the Dragon” will bring success and happiness. But, for modern China, 2012 will also be a year of decision. The choices China makes will have important implications for its future and America’s, and for the health of global trade.
Last year marked China’s 10th anniversary as a member of the World Trade Organization (WTO). When it joined the WTO, China made a deal. In exchange for expanded market access to the WTO’s now 150+ members, China agreed to adopt free market reforms and significantly open its economy to foreign trade. And because China had much market-opening work to do, the WTO gave China a significant part of the past decade to phase in reforms.