Dealing With Various Themes And Issues
China Overtakes US In Clean Energy Investment
A recent study made by environmentalist, that China has overtaken the US as top investor in clean energy. Asia now become a powerhouse in the emerging field, the report said.
China has shown determination to be on the front line of the green technology while the US investors have been put off by uncertainties amidst battle on climate change.
Chinese investment in clean energy soared by more than 50% in 2009 to reach around $34.6 billion far more than any country in the group of 20 major economies, the study led by Pew Charitable Trusts said.
Total US investment was about half of that at $18.6 billion, the first time in five years that the world’s largest economy lost the top spot in clean energy, the study said.
While it is true that China is now the world’s clean energy house, China also has taken the lead and overtakes the US as the top emitter of carbon blamed for global warming who came under fire for its role in December much criticized US Climate Summit in Copenhagen, Denmark.
China had made a strategic decision to invest in wind and solar technologies as it copes up with sharply rising demand for energy – and has set some of the world’ most ambitious targets on renewable energy.
The study also found strong investment by Britain which ranks third with 11.20 billion dollars for green energy; Spain, which came in first in green investment when taken as percentage of gross domestic product and Germany.
Nations seen as struggling in the clean energy competition include the US, Australia and Japan. They have championed climate action but none of the countries have set in motion nationwide plans to curb emissions.
Related posts:
- Sourcing For Alternative EnergyWith the constantly rising prices of petroleum in the world market most countries especially the...
- Bicycles – Help Conserve Energy And Reduce Air PollutionAdvocates of climate change who have seen the use of motored or engine run vehicles...
- An Insight On Stock Market InvestmentInvesting in the stock market is not for the faint of heart because of its...
- China and Russia Condemned US Missile Defense PlanChina who is taking a harder common line which already reinforces a strong strategic partnership...
- Dalai Lama Reiterated Non-Violence Stance To ChinaThe red – robed monk officially expressed frustration at China’s refusal to talk with the...
| Print article | This entry was posted by Affleap on April 4, 2010 at 12:10 am, and is filed under Energy. Follow any responses to this post through RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed. |

Comments