Tuesday, September 28, 2010

REFILE-U.S. seen losing renewable energy race to Asia

In a race of using the best technology for alternative energy seems like the U.S. is always left in the back of the line for what ever reason. This blog touches on a couple of reason why we are losing this battle when we are capable of doing so much more.
Countries like India,South Korea, Malaysia and the Philippines have put effort into helping this global problem. Unlike the U.S., they have a decent amount of funding for the development of alternative energy. As Ravi Viswanathan, a partner at New Enterprise Associates told a hearing chaired by U.S.Representative Ed Markey, "These nations have outpaced the U.S. in recruiting, incenting and developing domestic manufacturing of solar, wind,and battery technology.". One of the biggest failures we have in this area is when Senate failed to pass a climate bill this year that would put a price on carbon emissions, so it must pass laws that would create demand for alternative energy or fall further behind, experts told the panel.

Businesses are sometimes torn between whether they should do the right thing or to do what would increase their salary, and in many cases to do the right it usually involves some spending. This is what we see in this instance, where the Senate might be hesitant to pass bills because they know that the major companies wouldn't agree with the new bill. To improve the quality of the blog I believe the author should of including the ratio of the decision on the failure to pass the climate bill and maybe some more quotes from those who declined the decision and why they voted it down. We got to ask ourselves whether we should do whats morally right or whats economically right.

1 comment:

Sarah Ogletree said...

I agree that the problem here is the question of what's morally right and what what makes since economically. While it's understandable that the Senate feels some pressure to keep people (and large corporate businesses) happy considering they're elected, at some point they will have to make a decision, just like we will, to ensure our countries future. If you ask me, there's no better time than the present!