{"id":37680,"date":"2011-03-30T16:42:59","date_gmt":"2011-03-30T20:42:59","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=37680"},"modified":"2011-03-30T16:42:59","modified_gmt":"2011-03-30T20:42:59","slug":"china-now-leads-in-clean-energy-investments","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2011\/03\/china-now-leads-in-clean-energy-investments\/","title":{"rendered":"China Now Leads in Clean Energy Investments"},"content":{"rendered":"

\"\"<\/a>As President Barack Obama exhorts Americans to get behind a coherent energy policy, a new study shows the U.S. falling\u00a0 behind in the race to develop new, clean sources of energy, according to a new study by Pew Charitable Trusts.<\/p>\n

Last year,\u00a0clean energy investment across the globe grew by 30%, to $243 billion last year, with China continuing to solidify its position as the world\u2019s clean energy leader by investing a record $54.4 billion in 2010.<\/p>\n

China\u2019s investment represented a 39% increase from 2009, the new Pew Study said.\u00a0 Germany was second in the G-20, up from third last year, after experiencing a 100% increase in investment, to $41.2 billion.<\/p>\n

\u201cThe clean energy sector is emerging as one of the most dynamic and competitive in the world, witnessing 630% growth in finance and investments since 2004,\u201d said Phyllis Cuttino, director of Pew\u2019s Clean Energy Program.<\/p>\n

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News You Can Use!<\/figcaption><\/figure>\n

\u201cCountries like China, Germany and India were attractive to financiers because they have national policies that support renewable energy standards, carbon reduction targets and\/or incentives for investment and production and that create long-term certainty for investors,\u201d she said.<\/p>\n

The United States, which had maintained the top spot until 2008, dropped another rung in 2010 to third, with $34 billion invested.<\/p>\n

In a speech at Georgetown University, President Obama Wednesday outlined some of the steps he hopes to take as part of a new U.S. energy policy, some of them devoted to clean energy \u2013 including a switch to alternative power for the entire federal motor vehicle fleet \u2013 a total of 600,000 cars, trucks and crossovers \u2013 by 2015. (For more on the Obama energy plan, <\/em>Click Here<\/span><\/a>.)<\/em><\/strong><\/p>\n

The United Kingdom experienced the largest decline among the G-20, falling from fifth to 13th. The report suggests that uncertainty surrounding clean energy policies in these countries is causing investors to look elsewhere for opportunities.<\/p>\n

Italy attracted $13.9 billion in clean energy financing last year, improving its global standing to fourth, up from eighth in 2009. Italy is the first country to achieve grid parity, or cost-competitiveness, for solar energy. For the first time, India joined the top 10 ranking, attracting $4 billion, a 25% increase.<\/p>\n

Wind power continued to be the favored technology for investors at $95 billion. However, the solar sector experienced significant growth in 2010, with investments growing 53% to a record $79 billion and more than 17 gigawatts of new generating capacity globally. Germany accounted for 45% of global solar investments.<\/p>\n

\u201cLooking at global trends, the solar sector experienced the strongest growth among the various technologies, led by small-scale residential projects,\u201d said Michael Liebreich, CEO of Bloomberg New Energy Finance.<\/p>\n

Pew Charitable Trust also reported it had recruited former Michigan Gov. Jennifer Granholm, who will lead a campaign for a national clean energy policy that promotes and funds research and manufacturing for the wind, solar and advanced battery industries in the U.S.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

As President Barack Obama exhorts Americans to get behind a coherent energy policy, a new study shows the U.S. falling behind in the race to develop new, clean sources of energy, according to a new study by Pew Charitable Trusts. As TheDetroitBureau.com reports, China has taken the lead.<\/p>\n","protected":false},"author":20009,"featured_media":37681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[8],"tags":[],"make":[],"post-state":[],"category_old":[151],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/37680"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/20009"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=37680"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/37680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/37681"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=37680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=37680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=37680"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=37680"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=37680"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=37680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}