No winners in Obama’s green-energy trade war

“As long as countries like China keep going all-in on clean energy,” President Obama said in last week’s State of the Union Address, “so must we.”

Obama has thrust the U.S. into an arms race in green-energy subsidies. To grasp the difficulty – or perhaps futility – of such a contest, look at SolarWorld, the subsidized German manufacturer now drowning in a sea of cheap Chinese panels.

Bonn-based SolarWorld has benefitted nicely from German solar subsidies for years. In 2008, the company opened U.S. operations in Oregon, with help from local politicians.

Oregon offered SolarWorld up to $100 million in renewable energy tax credits. Boris Klebensberger, the company’s COO, asked for more. The Oregonian reported at the time: “Klebensberger, calling the right to have renewable energy a ‘civil right,’ urged Oregonians to push for more government support and incentives for the sector.”

Read more at The Washington Examiner. By Tim Carney.

Comments

  1. Dan Stewart says:

    China all in for clean energy? Male-bovine-excrement!! In south Japan, they are choking on the crap coming from china. china could care less about green energy, unless they can steal the technology & sell it. Climate change?, it's called spring, summer, fall & winter. These idiots just want to control the people any way they can.

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