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March 29, 2011: US Outspent by China, Germany in Clean Energy Investment

The US has slipped to third place in clean energy investment in 2010, despite the federal government’s push to promote investment in clean energy and reduced pollution (see February 2009). China (see January 11, 2011) and Germany are both outspending the US in clean energy investment, according to a report by the Pew Charitable Trusts. Phyllis Cuttino, the director of Pew’s Clean Energy Program, says, “The United States’s position as a leading destination for clean energy investment is declining because its policy framework is weak and uncertain.” As competitors adopt renewable energy standards and incentives for renewable energy investment, the US could fall even further behind, Cuttino warns. The US spent $34 billion last year on clean energy, while China invested $54.4 billion and Germany $41.2 billion. [USA Today, 3/29/2011]

Entity Tags: Phyllis Cuttino

Timeline Tags: US Solar Industry

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