U.S. Energy Secretary Steven Chu said on Monday China should allow foreign companies to qualify for its subsidies aimed at encouraging renewable energy projects.
U.S. Energy Secretary Steven Chu said on Monday China should allow
foreign companies to qualify for its subsidies aimed at encouraging renewable
energy projects.
Chu
said foreign firms, including Chinese companies,
qualify for
U.S.
clean
energy subsidies but barriers, such as
Beijing
's
local content requirements, exclude
U.S.
companies from receiving government help in
China
.
"The
United
State
recognizes the right of
China
to
give subsidies just as we use subsidies... but in the
United
States
, we make a point of including
all industries,"
Chu
told reporters on a visit to
Shanghai
.
"We would ask
China
to
consider the same reciprocity, namely if a foreign company wants to come to
China
to
set up manufacturing and production that it would be open to the same kind of
help," he said.
Chu
's comments at a media briefing follow
disagreements between
Washington
and
Beijing
over
the impact of subsidies on the renewable energy sector.
The U.S. Department of Commerce announced in September it was investigating
whether
China
's
support for its domestic renewable energy companies broke international trade
rules.
China
's
Ministry of Commerce has dismissed claims it was unfairly supporting its
green-technology industry.
Chu
, a Nobel Prize-winning physicist, was cautious
about whether a United Nations climate change summit later this month in
Cancun
,
Mexico
,
would lead to any significant steps forward in the fight against global
warming.
"In terms of what people are going to be expecting from
Cancun
, I
think its most important to look at
China
and
the
U.S.
, the
two greatest users of energy," he said.
He stressed both countries were taking steps to reduce emissions.
"Do I think in
Cancun
a binding, legal agreement
will be signed? Maybe not, but it's important that both countries are moving
aggressively in the right direction."
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