China comes in first in clean-energy investment
Updated: 2011-03-29 16:05
China came in first and Germany second in clean-energy investment last year, while the United States fell one spot to third place, Reuters reported on Tuesday, citing a Pew report.
US investment in clean energy totaled $34 billion last year, the report "Who's Winning the Clean Energy Race" by Pew Charitable Trusts, an independent, nonprofit group. That was up 51 percent from the previous year but below the $54.4 billion invested by China and the $41.2 billion invested by Germany.
China and Germany have minimum clean-energy targets that helped them move ahead, Pew said.
The United States led the world in energy efficiency with $3.3 billion in investment.
It still led the world in venture capital and private equity investments in clean energy, which globally counted for $8.1 billion, up 27 percent from the year before.
Overall investments in clean energy, excluding research and development funding, in the Group of 20 major economies rose 33 percent last year to $198 billion amid recovery from recession, the report said.
Foreign readers are invited to share your China stories.
Daughter and son are beginning to take over the family business of making shoes.
The new stars of Chinese animation are edging out old childhood icons like Mickey Mouse and Hello Kitty.