China leading investor in low-carbon energy
March 31, 2011 Category Alternative energy, Environment
China remains the world’s leading investor in low-carbon energy technology, a global study by the U.S. Pew Environment Group showed. China invested USD54.4 billion in 2010, up from USD39.1 billion in 2009. While the U.S. saw investment increase by 51% to USD34 billion, it still slipped from 2nd to 3rd in the ranking, behind Germany’s USD41.2 billion. Globally, the sector – which does not include nuclear power – attracted USD243 billion of investment, a 30% increase from 2009 and a 630% rise since 2004. The report outlined that as well as attracting the most investment, China was also the world’s leading producer of wind turbines and solar energy units. The authors also pointed out that the country in 2009 overtook the U.S. as the nation with the most installed clean energy capacity.
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