US and China Plan to 'Take Over' Cleantech Market
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US and China Plan to 'Take Over' Cleantech Market
By Jonathan Watts
Under the plan, money would be used to expand China’s solar, wind, carbon capture and smart-grid markets. Photograph: Graham Turner
A joint US-China plan to “take over the world” in low-carbon technology will be revealed tomorrow at a meeting of Davos’s World Economic Forum in Dalian.
The sweeping initiative to secure the opportunities arising from tackling climate change is based on top-level business collaboration between the two superpowers, with some deals already done. One obstacle, however, will be growing trade friction over clean technology.
Leading industrialists, entrepreneurs and financiers from the world’s two biggest polluters have marked out the development strategy for a trillion dollar “greentech” market for inclusion in a bilateral climate agreement that is expected to be signed by the two governments when Obama visits China in November.
Continue reading US and China to Unveil Joint Plan to ‘Take Over’ Cleantech Market
