America is at a "Sputnik moment", Energy Secretary Stephen Chu said today, and the government's next moves will determine whether the country leads the global cleantech race or loses it to China.
"This is the threat that I see," Chu said in a speech at the National Press Club in Washington D.C. "The U.S. still has the opportunity to lead in a new industrial revolution. It is a way to secure our future prosperity, but I believe our time is running out."
The timing of the speech was no accident. It came as new global climate talks got underway in Mexico and as President Obama prepares to sit down for talks with the new Republican leadership in the House of Representatives.
When the U.S.S.R. launched the Sputnik satellite in 1957, it shook the American industrial and military establishment; few knew the Russians were capable of such a feat. Eleven days afterward, President Dwight Eisenhower announced a new commitment to scientific R&D that led to decades of American technological dominance. Read More
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