Deese emphasizes that the United States must respond decisively to China's Belt and Road Initiative to avoid a failure in American leadership and a significant economic opportunity.
The proposed Clean Energy Finance Authority aims to support developing countries in accessing U.S. technology for cleantech projects, creating a pathway for international cooperation.
Critics might view Deese's plan as either foreign aid or corporate welfare. Still, the approach could benefit U.S. companies' pricing and competitiveness globally.
Deese stresses the urgency of scaling up cleantech adoption internationally and the potential of his plan to finance essential projects through market mechanisms.
#belt-and-road-initiative #us-leadership #clean-energy-finance-authority #climate-technology #foreign-aid
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