Study: China Beats U.S. for the First Time in Clean Energy
April 23, 2013 11:41 AM
China is spending nearly three times as much on clean energy as the U.S.
Whether it's the
, China has either surpassed the U.S. or is expected to surpass the U.S. in many sectors. According to
a new report
[PDF] by the non-partisan
Pew Research Center
, clean energy is no exception to this trend; 2012 marketed the first year China assumed the title of king of clean energy, bumping the U.S. down the stack.
The U.S was clean energy's "biggest loser", according to the Pew report, with American clean energy investment (which excludes research and development spending) falling to $35.6B USD in 2012 -- a 37 percent plunge. That fall helped trigger an 11 percent decline in global spending, which dipped to $269B USD in 2012.
Meanwhile in China the opposite was happening. Owing to the strong growth, Asia's clean energy sector grew 16 percent as the global market contracted. Buoyed by China, clean energy investment in the sector soared to $101B USD last year -- 42 percent of the global total.
Fueled by China, Asia became the top clean energy region in 2012. [Image Source: PRC]
The Pew report comments:
The competition among countries for clean energy leadership is resulting in a reshuffling of the old order. In 2012, China advanced its position as the epicenter of clean energy finance, attracting $65.1 billion in investment, 20 percent more than in 2011 and an unsurpassed 30 percent of the G-20 total. It garnered 25 percent of all solar energy investment, setting a one-year record with $31.2 billion invested. China also accounted for 37 percent of all wind energy investment ($27.2 billion) and 47 percent of the investment in the “other renewable energy” category ($6.3 billion) that includes small hydro, geothermal, marine, and biomass.
All told, 23 GW of clean energy generating capacity was installed in China in 2012.
Although the United States invented many of the leading clean energy technologies, it continues to underperform in investment and deployment relative to the size of its economy and its history in the field.
China has been
spending big on nuclear
solar power installations
Chinese windmills turn on a hillside. [Image Source: Thinkstock]
Aside from China, developing nations also showed strong growth. Nations outside the pack of the world's twenty richest nations -- the so-called Group of 20, or G-20 -- saw roughly $20B USD in green energy spending, a 50 percent rise. Solar and other technologies are increasingly being considered to provide low-cost power in remote regions.
Speaking of solar, that's one bright spot amid the general decline in investment. With heavy investment in small, residential projects, solar only declined 1.6 percent to $76.8B USD in 2012. A record 3.2 gigawatts (GW) of solar power was installed in the U.S. last year. Residential solar saw a 42 percent growth.
The U.S. and others have long cited China
as the world's biggest polluter
. Now it can revel in the distinction of being the "greenest" power-producing superpower.
Pew Research Center [PDF]
"Death Is Very Likely The Single Best Invention Of Life" -- Steve Jobs
China's Turns on World's Longest High Speed Rail Conduit
December 27, 2012, 12:02 PM
U.S. is Only 3 Years Behind China in Nuclear Reactors Courtesy of New Approval
December 23, 2011, 7:09 PM
China is Now the World's Largest Smartphone Market
November 23, 2011, 4:10 PM
Chinese Government Commits to World's Largest Solar Power Project
September 9, 2009, 8:32 AM
China Looks to Outpace U.S. in Wind Power
July 29, 2008, 10:15 AM
PIQ ROBOTTM reveals its new artificial intelligence software
November 29, 2016, 12:59 AM
One more time - Happy Thanksgiving to Everyone Around the World
November 24, 2016, 4:00 AM
Google’s Smart Contact Lens Project gets halted for 2016
November 20, 2016, 7:00 AM
Cell Research Study shows African Americans have greater immune response to infection
November 10, 2016, 1:00 AM
UTHealth Clinical Trial Shows Progress Using Stem Cells to Treat Traumatic Brain Injury
November 8, 2016, 1:00 AM
Uber Partners with Circulation to Pilot Program Connecting Transportation and Digital Health Care
November 6, 2016, 5:00 AM
Most Popular Articles
Surface Pro 5 Rumors - New Release Date and Price
April 22, 2017, 6:45 AM
SAPPHIRE PULSE Radeon RX 580 8GD5 – Great Value for the Money
April 20, 2017, 7:47 AM
Apple Watch NikeLab Limited Edition unveiled.
April 22, 2017, 6:20 AM
Dell Inspiron 17 7000 – A Premium Laptop featuring 7th Gen Intel Core i7 in a 2-in-1 Frame.
April 19, 2017, 7:45 AM
Meet the Smartphone with four cameras - Alcatel Flashphone
April 5, 2017, 11:20 AM
Latest Blog Posts
Google Android App – Huge improvement on Nighttime Photography
Apr 27, 2017, 7:40 AM
Google Co-Founder, Sergey Brin has an Airship
Apr 26, 2017, 6:43 AM
Samsung Galaxy S8 and S8 Plus – Lots of Glass that Breaks Easily
Apr 25, 2017, 7:20 AM
Samsung Galaxy S8 – Warning for Pet Owners
Apr 24, 2017, 5:59 AM
Sound Bars and the Costs?
Apr 23, 2017, 6:30 AM
Link your Brain to Your Computer – In Four Years…Maybe
Apr 22, 2017, 7:03 AM
Google Home can now identify users by their voice.
Apr 21, 2017, 7:15 AM
Amazon Lex – Now Available for Developers.
Apr 20, 2017, 6:58 AM
You can now use Instagram offline on your Android Smartphone
Apr 19, 2017, 8:00 AM
Now you can livestream to YouTube from your mobile device.
Apr 18, 2017, 8:05 AM
Google Home – Is It a Spy Device?
Apr 17, 2017, 7:30 AM
Apple added to self –driving test permit list
Apr 15, 2017, 6:21 AM
Project Scorpio – Coming on June 11
Apr 14, 2017, 6:20 AM
Looks Like Samsung Has Been Forgiven.
Apr 13, 2017, 6:50 AM
United Airlines - Blasted on China’s Social Network and the Stock Market
Apr 12, 2017, 6:50 AM
Amazon's Third-Party Sellers Hacked
Apr 11, 2017, 6:25 AM
Microsoft Surface Pro5 Details Revealed
Apr 9, 2017, 6:41 AM
Own An Android Phone? Then you could be hacked over Wi-FI
Apr 7, 2017, 6:47 AM
Apple confirms iOS 10.3 bug and its effect on iCloud Services
Apr 6, 2017, 6:30 AM
Apple Rolls Out New Version of Apple Music
Apr 5, 2017, 10:35 AM
Apple in the News
Apr 4, 2017, 9:03 AM
Apple iPhones Will Soon Feature Graphics Chips Designed BY Apple
Apr 3, 2017, 6:23 AM
More Blog Posts
Copyright 2017 DailyTech LLC. -
Terms, Conditions & Privacy Information