U.S.' Clean Energy Investments Lag Behind Other G-20 Nations:

[amborin]

China Leads in Clean Energy Investments

"China invested nearly double the United States’ $18.6 billion, while the United Kingdom, which has a much smaller population, was the third-largest investor with $11.2 billion in 2009.

The study of investments by G-20 nations also found that China’s installed renewable energy capacity surged to 52.5 gigawatts, putting it just behind the United Ststes, which had 53.4 gigawatts of capacity in 2009.

“China is emerging as the world’s clean energy powerhouse,” wrote the report’s authors. “Having built a strong manufacturing base and export markets, China is working now to meet domestic demand by installing substantial new clean energy-generating capacity to meet ambitious renewable energy targets.”


Over the past six months alone, China has signed deals with American solar companies to build solar power plants that would generate 4,000 megawatts of electricity.

“There are reasons to be concerned about America’s competitive position in the clean energy marketplace,” the report said. “Relative to the size of its economy, the United States’ clean energy finance and investments lag behind many of its G-20 partners.”

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http://green.blogs.nytimes.com/2010/03/29/china-leads-in-renewable-investments/?scp=4&sq=china%2520and%2520technology&st=cse