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Solar & Alternative Energy

China surpasses U.S. in investment, says Pew report on renewables

Pew Charitable Trusts 
25 March 2010

Renewable investment by sector, 2009, billions of dollars. (Pew Environment Group)

Renewable investment by sector, 2009, billions of dollars. (Pew Environment Group)

For the first time, China led the United States and other G-20 members in 2009 clean energy investments and finance, according to data released this week 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 growth.

"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."

China Leads G-20 Members in Clean Energy Finance and Investment (Pew Charitable Trusts press release)
How China overtook the US in renewable energy (The Guardian)
In clean energy, U.S. innovates but builds slowly (CNet GreenTech)

Link to Pew clean energy reports