Can green industries take off in the U.S. and compete globally? What might stand in the way?

Green-EarthThe Obama administration has sought to promote green technology as a growth engine in the U.S. But even with some government support, new firms have a hard time competing with foreign producers. The U.S. currently accounts for just $1.6 billion of the world’s $29 billion market for solar panels, with China, using aggressive policies, to become the dominant maker of equipment like solar panels and wind turbines. Congress was so concerned about unfair trade practices harming American manufacturers that it recently approved a provision to require the Pentagon to buy only American-made solar panels.

Can green industries take off in the U.S. and compete globally? What might stand in the way?

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Source: The New York Times