A key Bidenomics adviser challenges the U.K. and Europe to increase their green tech investments.
The White House official said if they do so, they can combat the worsening global heating, as well as drive sustainable economic growth.
Bidenomics Adviser Challenges UK and Other European Countries to Increase Green Tech Investments
Dr. Heather Boushey, Member, Council of Economic Advisers, testifies before the Senate Banking Committee, at the Dirksen Senate Office Building on February 17, 2022 in Washington, DC. The Committee heard testimony from members of the Council of Economic Advisers on inflation, job growth and supply chain issues.
Heather Boushey, a key Bidenomics adviser, said that the United Kingdom and other countries should start ramping up their green tech investments.
During her recent interview with The Guardian, Boushey said that if investments in green technologies are improved, energy security will be boosted, economic growth will be rebooted, and the world will be protected from inflation shocks.
"We're working with our friends and allies to incentivize them to do the same - because we all need to make these investments," she explained.
"Billions of dollars of investment all around the country - private dollars, in semiconductors and clean energy - has been incentivized by this public spend," she added.
While the Biden Administration is investing hundreds of billions of dollars in low-carbon and clean energy innovations through the IRA (Inflation Reduction Act), Heather asked how the U.K., Europe, and other nations rise up and meet the challenges.
Boushey said that the U.S. considers green tech investments as a "race to the top." She provided an example showing the importance of green technology investments.
This is specifically the war in Ukraine. Heather explained that during the invasion, it can be seen how important access to energy really is.
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DOE Releases Interactive Map to Show US' Green Tech Investments
Principal engineer Jim McMillan walks through the biofuels testing center at the National Renewable Energy Laboratory (NREL) March 3, 2009 in Golden, Colorado. The NREL, which is America's chief research and development center for renewable energy.
Clean Technica reported that the U.S. Department of Energy released a new interactive map. This was designed to show the clean energy investments that the United States made.
Experts said that DOE's new interactive map will be a valuable resource for tracking the industrial revitalization in the U.S.
U.S. Secretary of Energy Jennifer M. Granholm said that there's no denying that the Biden Administration is taking clean energy investments very seriously just to deliver a manufacturing renaissance across the country.
"DOE's new interactive map is an invaluable tool showing Bidenomics in action, which translates to jobs, jobs, jobs," said Granholm.
Senior Advisor to the President for Clean Energy Innovation and Implementation John Podesta also commended U.S. President Joe Biden's investment efforts in the American agenda.
Podesta said that Biden's investments triggered a clean energy boom in almost all parts of the United States. Thanks to the efforts of POTUS, the U.S. now sees a new economic opportunity and good-paying union jobs.
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