GE’s Jeff Immelt: Climate Change Law Key to Winning Renewable Energy Race

GE CEO Jeffrey Immelt

General Electric CEO Jeffrey Immelt has warned that without a climate change and energy law the U.S. could loose the clean energy race against China, “we would rather see the U.S. be a big player than to see them overseas,” he said, according .

On the China – U.S. clean energy race Immelt told attendees at an industry meeting at Clemson University:

The Chinese will build more nuclear plants than we will this year. The Chinese will install more wind energy than we will this year. Europe is moving ahead on renewable energy,” he said. “If we don’t get off our butts and move aggressively forward, the world is not going to wait for us.

To become a leader in green technology, the U.S. needs a policy that supports technology investments both from the private and public sector. Immelt favors cap-and-trade.

Immelt said:

It’s quite important that we need some kind of certainty, some kind of standards and this is the time we should be acting to create what I would call a clean energy future that creates jobs, creates prosperity and reduces pollution at the same time.

He expects 10 million new green jobs will be created worldwide over the next five years.

Photo Credit: General Electric

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