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03.26.10 China Leads U.S. In Clean Energy Investment  By Mike SachoffFor the first time, China led the United States and other G-20 members in 2009 in clean energy investments and finance, according to a new report by The Pew Charitable Trusts. Last year, China invested $34.6 billion in the clean energy economy, nearly double the United States' total of $18.6 billion. Over the last five years, the United States also trailed five G-20 members (Turkey, Brazil, China, the United Kingdom, and Italy) in the rate of clean energy investment. "The facts speak for themselves," said Bloomberg New Energy Finance Chief Executive Michael Liebreich. "2009 clean energy investment in China totaled $34.6 billion, while in the United States it totaled $18.6 billion. China is now clearly the world leader in attracting new capital and making new investments in this area." The United States did lead G-20 members in venture capital and private equity investments associated with technology innovation. However, it trailed in 2009 asset financing with only $11.2 billion, while China led with $29.8 billion. Asset financing serves as a key indicator of clean energy deployment, job creation and business growth. Highlights from the Pew report include: *Despite a global recession, worldwide clean energy investment reached $162 billion in 2009. *Global clean energy investments are projected to reach $200 billion in 2010. *Investment by nearly all G-20 members grew by more than 50 percent over the past five years. About the Author: Mike is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news. |
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