Who’s winning the clean energy race?
March 29, 2010
New York Times’ Green Inc. blog is reporting today on a new report from Pew Charitable Trusts showing that China in 2009, for the first time, topped the U.S. in investments in renewable energy. Lots of interesting numbers in here, including a breakdown on spending by type of renewable energy. For example, China invested $34.6 billion on renewable in 2009. Most of that was on wind (shown in blue on the adjoining graph) with a much smaller amount on solar (in yellow). U.S. spending, in contrast, was about half that at $18.6 billion.
The report also notes states that, “Globally, renewable energy investments remained healthy, despite a severe recession. The study found that investments declined only 6.6 percent in 2009 and have since rebounded. Investments in the oil and gas industry, by contrast, declined 19 percent last year.”