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China, Germany beat US in clean tech investment
Published in Saudi Press Agency on 29 - 03 - 2011

Akhir 24, 1432 H/March 29, 2011, SPA -- China and Germany both beat the US in investments in clean energy technology in 2010, dpa cited a study as saying
Tuesday by the Pew Environment Group.
The study named China as the world's leading investor in clean
energy technology with a 54.4-billion-dollar investment, up from 39.1
billion dollars in 2009.
Germany doubled its low carbon investments to 41.2 billion dollars
to leapfrog the US into second place. The US increased its
investments by 50 per cent to 34 billion dollars. Italy was the
fourth biggest clean energy investor with 13.9 billion dollars.
Using figures compiled by Bloomberg New Energy Finance, the report
estimated that total global investments in the clean energy sector
reached 243 billion dollars, an increase of 30 per cent from 2009
when the sector stagnated because of the global recession.
Europe was the leading recipient of clean energy finance with a
total of 94.4 billion dollars, led by more than 100-per-cent growth
in small scale solar installations in Germany and Italy, the report
said.
Asia is fast closing the gap with a 33 per cent increase in 2010
to 82.8 billion dollars, fuelled by what it called "the world's clean
energy superpower" China.
The report predicted that investments in clean power assets could
reach 2.3 trillion dollars in the current decade.
"Countries that succeed in attracting investment can realize the
economic, security and environmental benefits of the global race to
harness clean, renewable energy sources," the report said.


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