A new paper from the Pew Charitable Trusts entitled “Who’s Winning the Clean Energy Race?” reports that clean energy investment has “roared back” in 2010. Investment is up 30% over 2009 and reached $243B for the year.
The US story–relative to the rest of the world–is not as promising. Private investment in China reached a world record $54.4B, up 39%. German investment reached $41.2B. US investment was up 51% to $34B, but fell to third among nations.
Europe leads all regions with total investments of $994.4B. The Americas were a distant third with $65.8B behind the Asia/Pacific region ($$82.8B).
“Given uncertainties surrounding key policies and incentives,” says the report, “the US’s competitive position in the clean energy sector is at risk.”