America: We're Number 3!
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In Cleantech, Anyhow
Sort of has a certain ring to it, doesn't it? Don't worry, the US is still the world's number one economic superpower -- though some analysts say we'll be taking a backseat to China in coming decades. But when it comes to clean energy, we've slipped even further behind the leading nation in cleantech investment (China, of course) and now lag behind even Germany, which is about a quarter the size of the US. In other words, we're number three!Global investment was way up in 2011 -- according to a new report, it hit a record high of $243 billion dollars. That's even higher than the projection for this year, which was expected to break records as well. And while US investment in cleantech was up, it's not keeping pace with China or Germany.
From the report, compiled by Pew Charitable Trusts:
Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30 percent increase from the previous year. China, Germany, Italy and India were among the nations that most successfully attracted private investments ... China continued to solidify its position as the world's clean energy powerhouse. Its record $54.4 billion in investments in 2010 represents a 39 percent increase from 2009. Germany was second in the G-20, up from third last year, after experiencing a 100 percent increase in investment to $41.2 billion...Now, for a nation that loves its notions of American exceptionalism, it's somewhat surprising that we don't really care about falling behind in what's going to be the biggest global industry pretty soon. In fact, politicians are currently actively fighting to allow our energy production to stay as dirty as it's ever been. I guess that exceptionalism only applies to wars and stuff -- Ah well; we're number 3!
The United States, which had maintained the top spot until 2008, fell another rung in 2010 to third with $34 billion.
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More on US Clean Energy Investment
China Invested $34.6 Billion in Clean Energy Last Year vs. $18.6 Billion for US
Global Investments In Clean Energy to Hit $240 Billion in 2011