Washington, January 09: US President Barack Obama has announced a USD 2.3 billion tax credit scheme for clean energy sector as he does not want his country to lose competition to countries like China, Japan and Germany, who have outpaced America in the field.
“I welcome and am pleased to see a real competition emerging around the world to develop these kinds of clean energy technologies. Competition is what fuels innovation. But I don’t want America to lose that competition,” Obama said in a White House speech.
“I don’t want the industries that yield the jobs of tomorrow to be built overseas. I don’t want the technology that will transform the way we use energy to be invented abroad.
“I want the US to be what it has always been — and that is a leader — the leader when it comes to a clean energy future,” Obama said.
–PTI