By contrast, the United States accounted for only 10%. European companies, led by Denmark’s Vestas, controlled 43% of the wind turbine market globally in 2018, and China controlled 30%. Meanwhile, European companies, with backing from their investment and development banks, and Chinese companies have surged ahead, using their home markets to demonstrate new technologies and build industries. companies have gone bankrupt while waiting for markets to materialize. Over the past 20 years, tax credits, loan guarantees and regulations have started and stopped, depending on the political whims of whoever is in power in Congress and the White House. Part of the problem has been the political impasse in Washington over clean energy and climate policies. The United States’ ability to compete in low-carbon and resilience technologies such as energy storage has eroded over the past two decades. workers and firms for the low-carbon economy of the 21st century. Together they would reassure the world that the United States can honor its climate commitments help stave off the effects of a carbon border tax planned in Europe and, if designed right, position U.S.
But it is still not likely to be enough to meet the administration’s emissions reduction goals for 2030.Īs director of the Fletcher School’s Climate Policy Lab at Tufts University, I analyze ways governments can manage climate change.Īs the new plan comes together, and the administration considers future steps, here are five types of policies that can help get the United States on track to achieve its climate targets. President Joe Biden’s new climate strategy, announced after his original plan crumbled under opposition in Congress, will represent a historic investment in clean energy technology and infrastructure if it is enacted.
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