Locke urges U.S. clean energy firms to take up China opportunities

09:10, May 23, 2010      

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China offers stunning opportunities for U.S. clean energy companies as China seeks sustainable energy sources and reduce greenhouse gas emissions, U.S. Commerce Secretary Gary Locke said Saturday.

Locke made the remarks in a trip to the northern port city of Tianjin ahead of the Sino-U.S. Strategic and Economic Dialogue early next week.

Locke is leading executives of 24 clean energy companies, including General Electric Co., First Solar Inc., and Boeing Co., in the Obama administration's first cabinet-level trade mission.

"All the companies are looking to expand their presence in China and many of them already had facilities," he told reporters. "The opportunities are stunning in China."

He said that China and the U.S., both leaders in clean energy, should work more closely together.

This will help to sustain long-term economic growth and create jobs in both countries, Locke said.

"More importantly, it will help answer the defining environmental challenge of our time: avoiding the catastrophe of climate change," he said.

Locke said many companies in the U.S. were interested in developing clean energy, but many funds sat on the sidelines for lack of energy predictability and certainty.

He urged the U.S. Congress to pass the Energy Reform Bill that supported the development of clean energy.

"The longer we wait, the more others, whether China, Germany and other countries, will be moving ahead," he said.

Locke will join U.S. Secretary of State Hillary Clinton, U.S. Treasury Secretary Timothy Geithner and other officials for the Second China-U.S. Strategic and Economic Dialogue scheduled for Monday and Tuesday in Beijing.

Source:Xinhua

(Editor:黄蓓蓓)

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