"America's greatest strength, and its greatest weakness, is our belief in second chances, our belief that we can always start over, that things can be made better."
A report this week shows that China is leading all nations in investment in renewable energy development. Of the $38 billion spent worldwide in 2005, China was responsible for $6 billion or nearly 16% of the total. The US was a distant third despite boasting a GDP almost six times greater than that of China.In addition to their investment in renewable energy, China already has legislated renewable energy targets while an expanding number of their wealthiest businessmen are heading companies that produce clean power, including the sectors richest citizen. The story is similar in Brazil where earlier this year the country attained energy independence, largely through committing their economy to domestically produced ethanol from sugar cane, ensuring a lower carbon impact for their developing economy.
It took Brazil three decades of dedicated policy to attain energy independence. The US can take the first steps towards regaining their own independence on November 7th.
It took Brazil three decades of dedicated policy to attain energy independence. The US can take the first steps towards regaining their own independence on November 7th.
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