ClearPath’s Jeremy Harrell writes in the National Interest that energy leadership is now a global financing race the U.S. can’t afford to lose.
-
China has filled the gap in global energy and infrastructure finance with heavy subsidies and state-backed lending, leaving U.S. companies at a disadvantage even when their technologies are stronger.
-
Harrell says modernizing tools like the Development Finance Corporation and the Export-Import Bank is the way to level the playing field, crowd in private capital, and help American energy technologies compete abroad without copying China’s state-driven model.
Read more in the National Interest here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.