• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 22 hours During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 14 hours Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 8 mins Putin Paid Militants to Kill US Troops
  • 22 hours Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 31 mins Victor Davis Hansen on Biden's mental acuity " . . unfit to serve". 1 out of 5 Democrats admit it. How many Dem's believe it but will not admit it?
  • 13 hours Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 17 hours Apology Accepted!
  • 12 mins Is OilPrice a cover for Green Propganda
  • 14 hours The Political Genius of Donald Trump
  • 21 hours Why Oil could hit $100
  • 2 days Biden came out of his basement today (Thursday) and said , "we have 120 Million deaths from Covid 19.
  • 2 days U.S. natural gas at major disadvantage in Europe and China.
  • 19 hours Per most popular Indian websites it was Indian troops not Chinese troops breach of LAC that caused the clashes. If you know any Indian media that claim to the contrary please provide the link

Breaking News:

Japan Bets Big On Mozambique LNG

IEA Unveils $3 Trillion Covid-19 Clean Energy Recovery Plan

IEA Unveils $3 Trillion Covid-19 Clean Energy Recovery Plan

The International Energy Agency (IEA)…

The U.S. Is Missing A Major Energy Opportunity

The U.S. Is Missing A Major Energy Opportunity

The coronavirus pandemic has devastated…

Renewables Could Be The Big Winner In The Post-Pandemic World

Renewables Could Be The Big Winner In The Post-Pandemic World

Although the coronavirus crisis has…

Charlotte Dudley

Charlotte Dudley

Charlotte is a writer for Environmental Finance.Environmental Finance is the leading global publication covering the ever-increasing impact of environmental issues on the lending, insurance, investment…

More Info

Premium Content

China Joins US at Top of Clean Energy Investment Table

Massive investment in clean energy projects has propelled China to the number one spot in a report ranking the world’s most attractive locations for renewable energy investment.

Ernst & Young’s Renewable Energy Country Attractiveness Indices ranked China and the US in equal first position as the most attractive countries for renewables investment – with China climbing from second place.

The US retained its top spot despite jitters surrounding its proposed climate and clean energy bill.

China’s catch up was driven by the $34.6 billion it spent on clean energy projects last year and its increasing commitment to wind energy. The report said Chinese investment in clean energy projects in 2009 was almost double that in the US.

Ernst & Young environment and energy infrastructure advisory leader, Ben Warren,  said: “China’s consistently strong performance underlines its determination to robustly align energy and industrial policy, as it seeks to build a dominant position in the global market for technology manufacture and supply.”

In 2009, China increased its environmental protection spending by 20% and is poised to release a draft 10-year clean energy plan. The report said such developments signal its commitment to a low-carbon economy.

Corporate developments such as the $1.5 billion five year investment in Chinese renewables by Hong Kong-listed China Resources Power Holdings also served to boost China’s rating.

The indexes rate jurisdictions based on national renewable energy markets, renewable energy infrastructure and their suitability for individual technologies.

Below the US and China, the May 2010 All Renewables index saw Germany retain its spot in third place, India in fourth and Italy in fifth. The UK jumped one place to share fifth position and France climbed one spot to seventh place.

India benefited from more than $1 billion in government investment in the green economy, including recently announced solar and wind energy plans.

The UK was boosted by government plans for a £2 billion ($3 billion) green investment bank fund and recent approvals for electricity network upgrades.

Worsening capital markets and downward credit rating revisions saw small drops by Greece, Spain and Portugal, while Australia’s fall from eleventh to twelfth place was attributed to setbacks surrounding its planned emission trading scheme.

By. Charlotte Dudley

Source: Environmental Finance


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News