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China Earth Power

China Leads in "Clean" Energy Investment 313

Posted by Unknown Lamer
from the for-some-definitions dept.
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).
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China Leads in "Clean" Energy Investment

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