22 May '12, 5pm

Foreign Dominance of U.S. Clean Energy Market Spells Trouble for America via @reworld

In its latest report, Fire Sale: The End of American Ownership of Clean Energy , the self-proclaimed "moderate" organization points out that American investment in clean energy is at an all time low, all the while foreign investment in the new energy economy is increasing. The government has curtailed its investment in the sector. In its report, Third Way points out, “by 2014, federal clean tech investment is expected to drop 75%, from $44.3 billion in 2009 to $11.0 billion.” The organization expects the government’s dwindling support to lead to decreased private sector support of renewable energy as well. And this lack of support is happening despite the fact that the clean energy industry has been one of the fastest growing industries in the U.S. for the past few years. According to Third Way, Congress’ view that private sector funding will be enough to create a vibrant ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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