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John Kerry: US Could Open $6T Renewable Energy Market Through Grid Updates

John Kerry
John Kerry

Secretary of State John Kerry says the U.S. could modernize its nationwide electricity infrastructure and facilitate wider adoption of energy, moves he believes could help open up a $6 trillion renewable energy market, Reuters reported Monday.

Valerie Volcovici writes that Kerry brought up the idea of a national transmission system to energy distributors increase their service coverage and consequently boost the energy market.

“Think of the competitiveness that would be created if we began to embrace the possibilities of that economy,” Kerry told an audience at the Climate Week NYC opening event.

His address came ahead of a United Nations conference on climate change that aims to draw commitments from corporate executives to support national efforts on reducing greenhouse gas emissions, Volcovici reports.

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