Skip to Content

China Spends More on Clean Energy than the U.S.

A report suggests that the U.S. is losing its edge in the clean energy market.
March 25, 2010

At Copenhagen, China may have been reluctant to sign an international treaty that heavily restricts its carbon emissions, but a new report from the Pew Environmental Group says that private investors there are pouring more money into clean energy than investors in any other country.

The total investment of $34.6 billion in China last year displaced the United States from the top spot.

Last year, the U.S. invested $18.6 billion, the second highest amount in the world. As a percent of GDP, however, the figure is relatively small. By this measure, Spain invested five times more last year, and China, Brazil and the United Kingdom invested 3 times more. The United States is also about to be edged out of its lead in installed renewable energy capacity, with rapid growth in installations in China leading to a “virtual tie” last year.

The report attributes the large investment in China to national renewable energy and energy efficiency standards and other incentives there. It also noted that most of the money is going to financing existing clean energy technologies, not to venture capital to promote the development of new technologies. In this arena, the United States is still by far the leading country.

Keep Reading

Most Popular

computation concept
computation concept

How AI is reinventing what computers are

Three key ways artificial intelligence is changing what it means to compute.

still from Embodied Intelligence video
still from Embodied Intelligence video

These weird virtual creatures evolve their bodies to solve problems

They show how intelligence and body plans are closely linked—and could unlock AI for robots.

We reviewed three at-home covid tests. The results were mixed.

Over-the-counter coronavirus tests are finally available in the US. Some are more accurate and easier to use than others.

conceptual illustration showing various women's faces being scanned
conceptual illustration showing various women's faces being scanned

A horrifying new AI app swaps women into porn videos with a click

Deepfake researchers have long feared the day this would arrive.

Stay connected

Illustration by Rose WongIllustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at customer-service@technologyreview.com with a list of newsletters you’d like to receive.