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.
"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.)
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