Jason Barton

Professional Information and Energy News

Archive for the ‘Protectionism’ tag

Should China Award Subsidies to US Clean Energy Firms?

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One way for us to boost domestic clean energy production is to enact protectionism that excludes foreign firms from receiving U.S. government grants, as was discussed in a post earlier this year. Another way is to urge others, namely China, to open their economies further so that U.S. firms can earn Chinese government grants.

US wants China to reciprocate green energy subsidies

(AFP) – Nov 15, 2010

SHANGHAI — US Energy Secretary Steven Chu said on Monday China should allow foreign companies to qualify for its subsidies aimed at encouraging renewable energy projects.

Chu said foreign firms, including Chinese companies, qualify for US clean energy subsidies but barriers, such as Beijing’s local content requirements, exclude US companies from receiving government help in China.

“The United State recognises the right of China to give subsidies just as we use subsidies… but in the United States, we make a point of including all industries,” Chu told reporters on a visit to Shanghai.

“We would ask China to consider the same reciprocity, namely if a foreign company wants to come to China to set up manufacturing and production that it would be open to the same kind of help,” he said.

Read the entire article here.