United States Falls Further Behind in Clean Energy Investments 0

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The United States fell behind China and Germany in clean energy investments in 2010, a result of the lack of a coherent national energy policy in theU.S., according to a report by the Pew Charitable Trusts.

China invested $54 billion in clean energy projects in 2010, Germanyinvested $41 billion, and the U.S. invested $34 billion, according tothe Pew report, “Who’s Winning the Clean Energy Race?” A key reason that the U.S. slipped from second place in 2009 to thirdplace in 2010 is that China and Germany have comprehensive policies that encourage renewable energy development, such as renewable portfoliostandards requiring that a certain portion of electricity generationcome from renewable sources, Pew said. The U.S. did lead the world lastyear in investments in energy efficiency, spending $3.3 billion onefficiency projects. The U.S. also led in venture capital and privateequity investments in clean energy, although a sizeable portion of those investments went to green projects in China and other nations outsidethe U.S.

Original Article on Yale Environment 360

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