Early on in the partnership, there were worries from both parties regarding the other’s intentions. The United States had fears of China stealing trade secrets and when Barack Obama could not win congressional support in the subject, China had doubts in the extent of the United States’ commitment to the issue. Although China has managed to reduce some of their carbon emissions, the project is still weak in support:
“Still, this is no Manhattan Project. The research center’s five-year budget amounts to just $150 million, divided between American and Chinese money” (renewableenergyworld.com).
This being said, proponents of the partnership remain optimistic for the program’s future and wish to see it extended. Duke Energy is among those who are on board for an extension of the program past its initial 2015 expiration date under certain conditions:
“…joined the program to study the carbon-capture technology that China’s Huaneng Group employs on its Shidongkou power plant outside Shanghai. David Mohler, Duke’s chief technology officer, says the study showed that Huaneng’s approach would be worth installing if the U.S. put a price on carbon via a tax or cap-and-trade system” (renewableenergyworld.com).
Many believe this partnership is a symbol of hope in the field of renewables for the rest of the world to follow. There is a notion that lesser developed countries would follow in the footsteps of the two economic giants who, although commonly disagree, are working hand-in-hand to solve a global problem with shared money and resources.