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Exxon Mobil Corporation Message Board

  • bluecheese4u bluecheese4u Apr 19, 2013 9:21 AM Flag

    China Reclaims Top Spot Over US In Clean Energy Sector

    April 19, 2013 Joshua S Hill

    Movement within the clean energy sector during 2012 has been put under the microscope by The Pew Charitable Trusts in their fourth-annual Who’s Winning the Clean Energy Race? report. Released on Wednesday, the report states that a total of 88 gigawatts (GW) of additional generating capacity was installed during 2012, despite an 11% decline in investment levels from the year previously.

    Who’s Winning the Clean Energy Race? 2012 Edition cover

    “Clean energy trends demonstrate the ongoing resilience of this emerging sector in the global economy,” said Phyllis Cuttino, director of Pew’s clean energy program.

    “For the third straight year, investment reached more than $200 billion, and 2012 ended with five times that of 2004. Every year, new markets open up and more renewable power is deployed around the world. Even though government policies have been uneven and unpredictable in certain markets, the economic, environmental, and security benefits of clean technologies are driving the sector forward. Countries that prioritize policy are positioning themselves for increased private investment, as well as manufacturing and job-creation opportunities.”

    “We have seen a trend where in almost every year investment has expanded and this is one of the first years we’ve seen it contract,” Phyllis Cuttino, director of Pew’s clean energy programme, said. ”Part of the contraction is due to policy in the US and EU nations that have pulled back on their feed in tariffs, or made them less generous. There’s certainly been a contraction in investment.

    “A decline in investment is certainly a bad trend that we hope will turn around. The thing that is hopeful, is that we have seen prices dropping more installations for less money. So that’s a good trend.

    “China has done everything right by putting long-term consistent policies in place, goals for


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