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In less than a decade, clean energy transitioned from novelty products to the mainstream of world energy markets. The sector emerged not so much in a linear fashion as episodic—in fits and starts associated with the worldwide economic downturn, continent-wide debt crises, national policy uncertainty, and intense industry competition. Through it all, however, the clean energy sector moved inexorably forward, with overall investment in 2012 five times greater than it was in 2004.
This report examines key financial, investment and technological trends related to clean energy in the Group of Twenty (G-20), the world's leading economies. It documents the continued growth and dynamism of clean energy investment in these economies. Countries that succeed in attracting investment can realize the economic, security and environmental benefits of the global race to harness clean, renewable energy sources.
Who’s Winning the Clean Energy Race: 2012 Edition documents how the old order is changing technologically and geographically. Clean energy is gaining ground in the global energy mix. Even as several pioneering countries have stumbled, new markets have opened, and the center of gravity for clean energy investment has shifted from West to East.
Review our previous research on private clean energy investment:
Watch Phyllis Cuttino, director of Pew's clean energy work, discuss the report: