China Key to Green Tech Innovation?

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With U.S. federal funding sources for renewable energy sources already drying up, coupled with a newfound antipathy towards 'green' issues issue here in Washington, some are suggesting that China could offer an important opportunity for the future of renewables in the United States and around the world. 'I would be very bullish for American companies to explore green- technologies-related opportunities in China,' Craig Allen, deputy assistant secretary for Asia within the U.S. Commerce Department's International Trade Administration, said on Wednesday. 'That would be a tremendous area for cooperation.' While the U.S. and China have been vying for the top spot in spending on green technologies in recent years, China looks set to make massive gains -- or at least spend massive amounts of money -- in the near future. The Chinese surpassed the U.S. in wind turbine deployment in 2009...

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