09 May '11, 3pm

China is the world leader in clean-tech investments, a new report says

09 May 2011: China is World Leader In Clean-Tech Investments, Report Says China leads the world in total investments in renewable energy and energy efficiency, although as a percentage of overall economic activity Denmark ranks first in clean-tech spending, according to a report by the conservation group WWF. The report says that China is currently investing $65 billion a year in clean tech, with renewable energy spending growing at 77 percent a year since 2008. The U.S. spends $45 billion a year on clean technologies, with those investments growing by 28 percent a year since 2008. But Denmark, which spends $9.4 billion a year on renewable energy and energy efficiency, is the world leader when clean-tech investment is taken as a percentage of gross domestic product; Denmark’s clean-tech investments equal 3.1 percent of GDP. Using that measure, China ranks second, spending ...

Full article: http://e360.yale.edu/digest/china_is_world_leader_in_clea...

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