een wereldwijd elektriciteitsnet een oplossing voor veel problemen  GENI es una institución de investigación y educación-enfocada en la interconexión de rejillas de electricidad entre naciones.  ??????. ????????????????????????????????????  nous proposons la construction d’un réseau électrique reliant pays et continents basé sur les ressources renouvelables  Unser Planet ist mit einem enormen Potential an erneuerbaren Energiequellen - Da es heutzutage m` glich ist, Strom wirtschaftlich , können diese regenerativen Energiequellen einige der konventionellen betriebenen Kraftwerke ersetzen.  한국어/Korean  utilizando transmissores de alta potência em áreas remotas, e mudar a força via linha de transmissões de alta-voltagem, podemos alcançar 7000 quilómetros, conectando nações e continentes    
What's Geni? Endorsements Global Issues Library Policy Projects Support GENI
Add news to your site >>







China Devouring the United States in Clean Energy Financing - Mar 30,2011 - energyboom.com - General Renewable Energy - Generation - Technical Articles - Index - Library - GENI - Global Energy Network Institute


China Devouring the United States in Clean Energy Financing

Report is a Joint Project of Renewable Energy and Energy Efficiency Partnership,
Alliance to Save Energy, American Council on Renewable Energy

Mar 30,2011 - energyboom.com

It is no secret China is currently beating the United States in the race to be the global leader of the new energy economy.  However, with each passing month the gap between the two nations appears to be growing.

One entity which is helping to spur China's rapid cleantech growth is the China Development Bank Corporation (CDP).  According to BusinessWeek, the CDP, which has nearly twice the assets of the World Bank, agreed to lend US$35.4 billion to China solar and wind companies in 2010.  Conversely, the United States, which has labeled clean energy the next "Sputnik," provided US$4 billion in grants and US$16 billion in loan guarantees to American solar and wind companies.

U.S. Energy Secretary Discusses the United States' Clean Energy Future

GA_googleFillSlot("EnergyBoom_HomePage_ATF_inline_250x250")

Heavy investment in China's cleantech sector is not limited to the CDP.  Research conducted by Bloomberg New Energy Finance shows that state and private institutions committed US$55.4 billion to Chinese equity and project debt for clean energy companies last year.  This number rose from more than 70% from the US$39.1 billion pumped into the industry in 2009.  Last year, the U.S. deposited $34.1 billion into clean energy.  In 2008, the U.S. was the leader in this category; now it trails China and Germany.

Michael Liebrich, CEO of New Energy Finance insists the growing gap in cleantech financing between China and the United States is cause for concern:  "The danger for the U.S. is that by the time it wakes up, in place of the levy it currently pays to oil despots, it will pay a levy to overseas clean-energy companies."

Image credit: Micro Cap Reports

 


OVER VIEW



Updated: 2016/06/30

If you speak another language fluently and you liked this page, make a contribution by translating it! For additional translations check out FreeTranslation.com (Voor vertaling van Engels tot Nederlands) (For oversettelse fra Engelsk til Norsk)
(Для дополнительных переводов проверяют FreeTranslation.com )