International Trade in Environmental Goods 2012 Report – Losing the Environmental Goods Economy to China, by Senator Ron Wyden, February 28, 2012
“As more and more nations and citizens embrace environmentally friendly policies and practices, the demand for environmental goods and services products and services that contribute to a cleaner and more sustainable environment grows. In fact, between 2005 and 2010, the global export market for environmental goods alone doubled and reached an estimated $298 billion in 2011. Much of the technology behind environmental goods like solar panels and wind turbines was, and continues to be, developed in the United States. Therefore, not only is global demand for environmental goods on the rise, Americans are manufacturing cutting edge products to meet that demand. As long as U.S. manufacturers have a level-playing field to compete in that growing market, exporting environmental goods presents a significant opportunity to sell more American-made products, grow American manufacturing and create more good-paying American jobs…In just the last five years, China rose from playing a minor role in the global market for environmental goods to become the dominant actor in the worlds biggest and fastest growing markets. Exports of environmental goods from the U.S. and other similarly-positioned countries are not growing at a rate commensurate with the technology their industries hold, the productivity of their workforce and the overall growth in global demand, because they appear crowded-out by Chinas exports.”
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