Blog

Today in Cleantech

The United States’s energy policy paralysis has taken a toll on the country’s competitiveness in the race for green energy investment, according to a report out this morning from the Pew Charitable Trusts. Last year saw the U.S. drop from second to third in total clean energy investment with a total of $34 billion, according to the report. That’s less than the $54.4 billion invested by top-ranking China, and it’s also less than Germany’s investment of $41.2 billion last year, Corresponding figures from 2009 put China in first with $39.1 billion, the U.S. in second with $22.5 billion and Germany in third with $20.6 billion. Pew’s report blames the breakdown of clean energy policy in the U.S. Congress for the slip in rankings, although the country — and the world at large — still saw an overall increase in green energy investment from 2009 to 2010. The U.S. did remain on the top of the list for venture capital and private equity investment into green energy in 2010, however, with about $6 billion of the global total of $8.1 billion, according to the report. The U.S. also led the world in energy efficiency spending at $3.3 billion.