The U.S. Runs a Green Goods Trade Deficit
Posted by scapozzola on 03/04/2010
Amidst the current debate on Recovery Act funds being spent on clean energy goods produced overseas, ManufactureThis thought we'd revisit a recent item from the New America Foundation. Simply put, the U.S. runs a trade deficit in renewable energy goods.
...the United States ran an overall green trade deficit of $8.9 billion in 2008, including a deficit of $6.4 billion in the critical category of renewable energy, one of the main targets of the Obama administration's green agenda. The U.S. economy also suffered a significant deficit in the pollution management category.Read more.
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