30 March 2011
The Pew Report
The Pew Charitable Trusts' Clean Energy Program, which works globally to establish policies to promote clean energy, on March 29, 2011, released Who’s Winning the Clean Energy Race? 2010 Edition.
From the Executive Summary
"The clean energy race is on. The investment and finance data presented in this report show that countries are jockeying for a leadership position in this growing and increasingly competitive sector. Countries with clear, consistent and constructive clean energy policies are powering investment forward."
The 2010 edition of Pew Charitable Trusts' "Who’s Winning the Clean Energy Race?" examines key financial, investment and technological trends related to clean energy in the world’s leading economies. The report focuses on investment, which is the "fuel that propels the innovation, commercialization, manufacturing and installation of clean energy technologies." Research done for the report—and the underlying data, which were compiled by Bloomberg New Energy Finance and its global network of 100 analysts in Europe, the Americas, Asia, and Africa—show that in 2010 "the clean energy sector around the world has roared back from flat recessionary levels, increasing 30 percent from 2009 to achieve a record $243 billion worth of finance and investment in 2010. More than 90 percent of all clean energy investments were directed to companies and projects in the G-20. Excluding research and development funding, clean energy finance and investment in the G-20 countries totaled $198 billion, 33 percent more than was invested in 2009."
Key Findings
Key findings from the report are highlighted below.
- China has solidified its position as the world’s clean energy powerhouse. China attracted a record $54.4 billion in clean energy investments in 2010–a 39 percent increase over 2009 and equal to total global investment in 2004.
- Germany saw private investments double to $41.2 billion and was second in the G-20, up from third last year.
- The United States, which had maintained the top spot until 2008, fell another rung in 2010 to third with $34 billion in private clean energy investments.
For more information on the report, see Pew's Investing in Clean Power page.
Disclaimer
Our posting the Pew Charitable Trusts Report “Who’s Winning the Clean Energy Race? 2010 Edition” does not imply an endorsement of the Pew Charitable Trusts or Bloomberg New Energy Finance by the U.S. Department of Energy, or any other Solutions Center countries. As with all Solutions Center materials, this report is included because Solutions Center staff believe it offers unique value and high-quality data to policymakers.