Pew Environment Group: Who's Winning the Clean Energy Race?
China and Germany have bumped the United States out of the first two spots for nations that capture the most private equity towards clean energy investments.
4/5/2011
"The United States' position as a leading destination for clean energy investment is declining because its policy framework is weak and uncertain," said Phyllis Cuttino, director of Pew's Clean Energy Program. "We are at risk of losing even more financing to countries like China, Germany, and India, which have adopted strong policies, such as renewable energy standards, carbon reduction targets, and/or incentives for investment and production. In today's global economic race, the United States can't afford to be to be a follower in this sector."
Last year, the United States received $34 billion in equity towards clean energy. While this marks a 51 percent increase from 2009, China attracted a record $54.4 billion last year, and the gap between investments in the two countries continues to expand. Germany attracted $41.2 billion, landing it in second place. (Last year, it was third.)
Project Announcements
Maid-Rite Specialty Foods Expands Dunmore, Pennsylvania, Operations
11/24/2023
Pipe & Steel Industrial Fabricators Expands Livingston Parish, Louisiana, Operations
11/24/2023
Sage Automotive Interiors Expands Abbeville County, South Carolina, Operations
11/23/2023
Katoen Natie Expands Norfolk, Virginia, Operations
11/23/2023
Rocket Lab USA Plans Middle River, Maryland, Space Structures Operations
11/23/2023
Ireland-Based Burnside America Expands Franklin County, Pennsylvania, Operations
11/23/2023
Most Read
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Rise of Mid-Size U.S. Cities: The Industrial Development Boom
Q3 2023
-
Front Line: Brownfields Offer Redevelopment Opportunities
Q4 2023
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
2023 Top States Workforce Development Programs
Q3 2023
-
Immigration: A Potential Fix for Labor Shortages?
Workforce Q4 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023