China Leads in "Clean" Energy Investment 313
derekmead writes "According to a new study (PDF) from Pew Charitable Trusts, China was the world leader in clean energy investment in 2012. The U.S., meanwhile, saw its grip loosen on many of the clean energy technologies it developed.
According to the research, total clean energy investment totaled $269 billion worldwide last year, a decline from 2011's record high of $302 billion. However, clean energy investment in the Asia and Oceania markets grew by 16 percent to $101 billion. In terms of investment — which is an indicator that a country or region has offered compelling projects, struck a good regulatory balance, and has a strong economy — that makes Asia the epicenter of the global clean energy market.
The Pew researchers thus labeled the U.S. clean energy sector as 'underperforming,' largely for a trio of reasons. First, China's boom and manufacturing prowess has taken investment away from the U.S.. Second, the U.S. regulatory environment for clean energy is horrifically unstable (as is the regulatory environment as a whole) as politicians battle over budget rhetoric. Finally, the U.S. has failed to capitalize on its innovation prowess and develop its clean energy manufacturing sector to its full potential."
They do not count nuclear as clean, but including nuclear would only widen China's lead over everyone else (they almost have their first new AP1000 ready and are building lots more).
Clean Energy = Scam (Score:5, Funny)
Clean energy is nothing but a scam invented by the liberals who hate America and want to destroy this country with fear mongering (ie global warming).
It is a good thing that our enemy (China) is outpacing us in this budget-wasting regard! /s.
Re:Clean Energy = Scam (Score:5, Funny)
Clean energy is nothing but a scam invented by the liberals who hate America and want to destroy this country with fear mongering (ie global warming).
It is a good thing that our enemy (China) is outpacing us in this budget-wasting regard! /s.
Woah! [wikipedia.org]
Re:Clean Energy = Scam (Score:1, Funny)
My, my, aren't you just a fountain of wisdom.
So, according to you:
- trying to reduce pollution is a scam
- being liberal (ie. having an open mind) is to hate America
- preparing for the consequences of climate change is fear mongering
- China is our enemy
As Robin williams once said: "Never have I seen a man in such dire need of a blowjob". Or perhaps a heavy dose of prune juice would do the trick.
Re:Clean Energy = Scam (Score:5, Funny)
And as Zontar The Mindless once said, "Never have I seen a man in such dire need of a sarcasm detector."
Re:I should hope so... (Score:2, Funny)
What gives you the right to complain about China if you live in USA or EU
That's right. China's per capita coal consumption is far less than typical Westerners, so until the Chinese have wrecked the environment at least as much as you have, for at least as long as you have, and a good deal worse and longer for good measure, then you need to shut your stupid fat face.
Re:China has no choice (Score:5, Funny)
Re:China has no choice (Score:5, Funny)
is it about 8-10% of US debt they own? They could just move in to a state and call it even.
They can have Texas.