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Imagine a centrally planned economy out-thinking and out-performing a consumer-driven, free-market one.
That is the prognostication, even hope, of Amy Myers Jaffe, director of the program on Energy and Climate Change at the Council on Foreign Relations, as stated in the current edition of Foreign Affairs (“Green Giant: Renewable Energy and Chinese Power”) and in the Houston Chronicle (“Will Clean Energy Push China Past the U.S”).
Jaffe - Energy - Future - America - Term
Jaffe posits an energy future where America’s “short term win” with fossil fuels gives way to China’s win as “the renewable energy and electric vehicle superpower of a future energy world.” She cites that country’s massive subsidization of currently noneconomic energies, such as $47 billion for solar panels, as well as its expenditures of money on batteries, electric vehicles, and other “low carbon” or “clean” energy technologies.
China’s big bets, Jaffe believes, will not only radically shift its domestic usage. The world’s largest country will also promote clean energy “to challenge the U.S.’s leading role in many regional alliances and trading relationships as well as to fashion an international order more to its interests.”
Point - Road - China - Interest - Coal
“At some point down the road, [China’s interest] will not be defending coal use,” she continues. “It will be to sell its clean energy technologies free of tariffs (and possibly aided by subsidies) while European, Chinese and other nation’s fees on carbon emissions hamper U.S. oil and gas exports. It could also make Chinese, rather than U.S., standards for green finance, energy product labeling and advanced vehicles the global standard.”
Jaffe’s is an Orwellian energy future, in which governments, not consumers, direct energy markets via manufacturing subsidies and edicts, repriced energy, and international trade restrictions. Ad hoc global government via edicts from 195 sovereign nations replace the free market’s neutrality.
Question - View - Economy - Define
The most obvious question for this view is: Why should a centrally planned economy define the...
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