March 25, 2010

China Now Greenest Country In The World

China is now the greenest country in the world, surpassing the United States by investing nearly $35 billion in clean energy, according to a new report from the Pew Charitable Trusts.

In their report, entitled "Who's Winning the Clean Energy Race? Growth, Competition and Opportunity in the World's Largest Economies," Pew researchers discovered that the United States fell from first to fifth, spending $18.6 billion -- less than Turkey, Brazil, the United Kingdom, and Italy as well.

Meanwhile, China increased their funding of clean energy research and development by over 50-percent, leading a surge in such investments.

According to a March 24 Pew press statement, total global clean energy investments spiked by 230-percent over the past five years, and more than 250 gigawatts of renewable energy has been installed worldwide to date, in spite of economic woes.

"Even in the midst of a global recession, the clean energy market has experienced impressive growth," Phyllis Cuttino, director of the Pew Environment Group's Global Warming Campaign, said in a Thursday press release. "Countries are jockeying for leadership. They know that investing in clean energy can renew manufacturing bases, and create export opportunities, jobs and businesses."

"The United States' competitive position is at risk in the emerging clean energy economy," she added. "Our nation has a critical choice to make: pass the federal policies necessary to position us as the world leader in the large and growing global clean energy market or continue to watch as China and other countries race ahead."


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