By Bob Difley
Wait a minute. It seems that Applied Material’s solar center will not be providing jobs and energy in Silicon Valley, or even in California–or anywhere in the USA. Instead, it will be in Xian, China. And the government’s $60 billion dollar investment in alternative energy, that’s the Chinese government, not the one in Washington, D.C.
Not only is China where the alternative energy action is, but analysts predict that in as little as two years China will be the world’s largest consumer of solar energy. And by 2013 their clean technology sector could top one trillion dollars annually.
“If the US doesn’t get serious, China’s going to own this industry,” says a spokesman from Applied Materials. “The get that these are the industries of the 21st century,” says Silicon Valley tech investor Alan Salzman (whose investments include Tesla Motors, BrightSource Energy, and Solazyme). “The level of support for green tech there is breathtaking. It exceeds anything done here on a state or federal level.”
Other green tech innovators s are considering moving to where the actions is–to China. And so is investment money–including Warren Buffett–who has recently increased his holdings in a large Chinese electric vehicle manufacturer, where electric vehicle start-ups are growing like weeds. It seems the rest of the world is getting a big jump on us while our government still diddles around with trying to get clean tech bills through the legislature. If we Americans don’t get serious about alternative energy, we will quickly lose whatever advantages we have on the international market.
Brazil is far ahead of us in replacing fossil fuels with ethanol. Denmark is powering a great part of the nation with wind power. Spain and Germany are way ahead with solar power. Will we wait until we are too far behind to catch up?