Former President Donald Trump has criticized Biden’s renewable energy policies, which experts say could jeopardize $488 billion in U.S. manufacturing investment and unintentionally benefit China.
Lisa Friedman reports The New York Times.
in short:
- Trump has denounced Biden’s renewable energy policies as a ploy to enrich China, given that the country controls many of the components needed for green technology.
- Experts say repealing these policies would hurt U.S. manufacturing and give China an edge in clean energy technology.
- The Inflation Control Act has spurred $488 billion in U.S. investment and created significant job growth in the renewable energy sector.
Important Quotes:
“If the US were to choose to back away from greening as a political decision, it would not stop a global process, because that process is already underway.”
— Stuart P.M. McIntosh, economist and author of The Economics of the Climate Crisis
Why this is important:
Supporters of the Biden policy argue that the long-term benefits of renewable energy outweigh the risks. They emphasize that investments in green technology can spur innovation, create sustainable jobs, and reduce dependency on foreign energy sources. Moreover, the environmental benefits of reducing carbon emissions and promoting clean energy are seen as an important step in tackling the climate crisis.
