The Race Is On to Develop Green, Clean Technology

January 30, 2010, 12:08 pm — Updated: 2:32 pm
New York Times
It is shaping up to be the Great Game of the 21st century.
To top officials and business executives here at the World Economic Forum, Topic A this year was the race to develop greener, cleaner technology, which is emerging as one of the critical factors in reshaping the world economy as emerging powers snap at the heels of battered Western economies, The New York Times’s Katrin Bennhold reports.
With the United States and China sizing each other up across the Pacific and Europe seeking to maintain its economic stature, it is a battle for potentially millions of jobs and trillions of dollars in export revenues. The outcome — which pits a venture capital-driven market approach relying on government subsides against a top-down system of state capitalism — has the potential to influence how economic and political systems evolve.
Concern that China may be edging ahead in potentially lucrative growth sectors like renewable energy was palpable here, where senior officials from the United States and Europe warned that the West could not afford to be complacent. Read the rest of the article:
http://dealbook.blogs.nytimes.com/2010/01/30/the-race-is-on-to-develop-green-clean-technology/