National News from International Center for Trade and Sustainable Development:
US President Barack Obama proposed on Valentine’s Day to boost funds for clean energy research and deployment in his 2012 budget by slashing subsidies for fossil fuels such as oil, gas and coal. The announcement comes at a time of great sensitivity on issues related to government support for clean energy, following the US launching of a WTO dispute against China’s support for wind power manufacturing and Japan’s WTO challenge against Canadian green energy subsidies (see Bridges Trade Biores, 24 January 2011 and 24 September 2010 respectively).
But despite these conflicts and resistance from lobby groups, Obama has maintained his focus on the importance of the industry, including clean energy technology among a few singled out as part of “our generation’s Sputnik moment” in his State of the Union address.
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