By RTCC Staff
America must invest in its renewable energy market or face missing out on a huge opportunity, US energy secretary Steven Chu has told a conference in Washington.
Chu called for investment in the renewable industry to ensure technologies are â€śinvented in America, made in America and sold around the worldâ€ť.
â€śAmerica faces a choice today: Are we going to recognise the opportunity and compete in the clean energy race or will we wave the white flag and watch all of these jobs go to China, Korea, Germany and other countries,â€ť said Chu.
During the speech at the Washington Post Live Smart Energy Conference, Chu rallied delegates to raise the countryâ€™s profile in a market he claimed is already worth $240bn.
â€śSome in Washington are ready to throw in the towel and write off the clean energy industry. They donâ€™t think America can compete or they donâ€™t think itâ€™s worth trying.
â€śTo those in Washington who say we cannot or should not compete, I say: thatâ€™s not who we are. In America, when we fall behind, we donâ€™t give up. We dig in and come back. America has the opportunity to lead the world in clean energy technologies and provide the foundation for our prosperity.â€ť