By Leah Valencia, University of New Mexico- Talk Radio News Service
Rapid advancement of technology coupled with reduced trade barriers are the most important factors in reducing greenhouse gas emissions, witnesses told the Senate Energy and Natural Resources Committee during a hearing Tuesday.
“An agreement that focuses on technology offers a path forward that developed and developing countries can embrace, “ said Karen Harbert, President and CEO of the Institute for 21st Century Energy.
Harbert said during her testimony that an effort to reduce global tariffs and non-tariff barriers on clean energy goods and services is essential in ensuring that alternate energy technologies can penetrate the global marketplace.
“Future growth of the U.S. clean energy economy will depend on access to foreign markets,” Jake Colvin, Vice President of the National Foreign Trade Council said in his testimony. “Demand for environmental goods and services is growing rapidly in developing countries, which offer significant opportunities for U.S. companies.”
Colvin explained that U.S. exporters are currently facing disproportionally high tariffs that impede their ability to sell environmental goods and services abroad.
“Reducing these impediments would allow U.S. companies to capture a larger share of the the more than $600 billion environmental goods and services market,” Colvin said.
President Barack Obama expressed reservations earlier this year about tariff provisions included in the House climate legislation, the House bill would levy tariffs beginning in 2020 on environmental goods and services from countries that have not committed to control greenhouse gas emissions.
Senate Democrats who represent states dependent on manufacturing have said they will not vote for a bill that does not include “border adjustments” to safe-keep U.S. presence in the market.
Agreements regarding trade policy will be a critical component as to what the U.S. will commit to during the United Nation's climate conference in Copenhagen in December, where 190 nations will draft an agreement to succeed the Kyoto Protocol, which expires in 2012.
Reducing Trade Barriers Critical To Spreading Green Technology, Says Experts
Rapid advancement of technology coupled with reduced trade barriers are the most important factors in reducing greenhouse gas emissions, witnesses told the Senate Energy and Natural Resources Committee during a hearing Tuesday.
“An agreement that focuses on technology offers a path forward that developed and developing countries can embrace, “ said Karen Harbert, President and CEO of the Institute for 21st Century Energy.
Harbert said during her testimony that an effort to reduce global tariffs and non-tariff barriers on clean energy goods and services is essential in ensuring that alternate energy technologies can penetrate the global marketplace.
“Future growth of the U.S. clean energy economy will depend on access to foreign markets,” Jake Colvin, Vice President of the National Foreign Trade Council said in his testimony. “Demand for environmental goods and services is growing rapidly in developing countries, which offer significant opportunities for U.S. companies.”
Colvin explained that U.S. exporters are currently facing disproportionally high tariffs that impede their ability to sell environmental goods and services abroad.
“Reducing these impediments would allow U.S. companies to capture a larger share of the the more than $600 billion environmental goods and services market,” Colvin said.
President Barack Obama expressed reservations earlier this year about tariff provisions included in the House climate legislation, the House bill would levy tariffs beginning in 2020 on environmental goods and services from countries that have not committed to control greenhouse gas emissions.
Senate Democrats who represent states dependent on manufacturing have said they will not vote for a bill that does not include “border adjustments” to safe-keep U.S. presence in the market.
Agreements regarding trade policy will be a critical component as to what the U.S. will commit to during the United Nation's climate conference in Copenhagen in December, where 190 nations will draft an agreement to succeed the Kyoto Protocol, which expires in 2012.