U.S. Drops to 3rd in Clean-Energy Investment: Pew

Publication: Reuters

Author: Timothy Gardner


03/29/2011 - China came in first and Germany second, according to the report "Who's Winning the Clean Energy Race" by the Pew Charitable Trusts, an independent, nonprofit group.

In the previous year the United States had fallen from the top spot to second place, behind China.

A comprehensive energy bill died in the Senate last July. Washington also has failed to pass national mandates for utilities to produce minimum amounts of clean power that environmentalists and some analysts say would boost confidence for alternative energy companies to invest in the country.

...

"There had been a theory out there that China was rising so fast in clean energy because of its low labor costs," Jennifer Granholm, a former Michigan governor and adviser to Pew, said in an interview. "This is not about labor costs, this is about policy."

Read the full article U.S. Drops to 3rd in Clean-Energy Investment: Pew on Reuters' Web site.

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