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US Grabs Lead Over China in Clean Energy Race

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  • Phyllis Cuttino

    Phyllis Cuttino

    Director, Clean Energy

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Publication Name

AFP

Author(s)

Kerry Sheridan

The United States has regained the lead in the clean energy race, investing $48 billion last year to surpass China, which held the world's top spending spot since 2009, said a study Wednesday.

The US surge in private investment was a 42 percent increase over 2010 and saw Washington maintain its lead worldwide in both venture capital and research and development cash, said the Pew Charitable Trusts annual report on clean energy.

…

"The United States has no renewable energy target but they have decided to try and incentivize clean energy investment through a variety of tax incentives, tax credits, tax subsidies, loan guarantees," [Phyllis Cuttino] told AFP.

…

The Pew report, which focused on private investment in Group of Twenty (G20) nations, also found that total worldwide private investment rose 6.5 percent over 2010 to a record level of $263 billion.

...

Read the full article, US Grabs Lead Over China in Clean Energy Race, on the Google News website.

 

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