by Tim McDonnell
QUOTABLE
“The U.S. teetering on the brink of default means that more power goes to countries like China that have a somewhat more stable outlook. In a zero-sum view of the global clean energy race, other countries are smiling about what’s happening in D.C. This is a self-inflicted wound, and goes counter to the drive for green industrial policy that emphasizes domestic investment.” — Gernot Wagner, climate economist at Columbia Business School.
Quoted in: “How a debt-ceiling default would derail the energy transition” by Tim McDonnell, Net Zero (17 May 2023).
Narrator: The clean-energy race is not zero-sum.