• 1 hour Rosneft Signs $400M Deal With Kurdistan
  • 4 hours Kinder Morgan Warns About Trans Mountain Delays
  • 10 hours India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 15 hours Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 19 hours Russia, Saudis Team Up To Boost Fracking Tech
  • 1 day Conflicting News Spurs Doubt On Aramco IPO
  • 1 day Exxon Starts Production At New Refinery In Texas
  • 1 day Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 2 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 2 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 2 days China To Take 5% Of Rosneft’s Output In New Deal
  • 2 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 2 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 2 days VW Fails To Secure Critical Commodity For EVs
  • 2 days Enbridge Pipeline Expansion Finally Approved
  • 2 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 2 days OPEC Oil Deal Compliance Falls To 86%
  • 3 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 3 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 3 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 3 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 3 days Aramco Says No Plans To Shelve IPO
  • 6 days Trump Passes Iran Nuclear Deal Back to Congress
  • 6 days Texas Shutters More Coal-Fired Plants
  • 6 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 6 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 6 days Chevron Quits Australian Deepwater Oil Exploration
  • 6 days Europe Braces For End Of Iran Nuclear Deal
  • 7 days Renewable Energy Startup Powering Native American Protest Camp
  • 7 days Husky Energy Set To Restart Pipeline
  • 7 days Russia, Morocco Sign String Of Energy And Military Deals
  • 7 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 7 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 7 days India Needs Help To Boost Oil Production
  • 7 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 7 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 7 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 7 days District Judge Rules Dakota Access Can Continue Operating
  • 8 days Surprise Oil Inventory Build Shocks Markets

Breaking News:

Rosneft Signs $400M Deal With Kurdistan

Alt Text

Who’s Winning The Electric Vehicle Race?

Automakers and suppliers of automotive…

Alt Text

Is Hydrogen Fuel As Dumb As Musk Thinks?

Hydrogen fuel cells have been…

Alt Text

Can India Overtake China In The EV Revolution?

India wants to drastically increase…

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

China Joins US at Top of Clean Energy Investment Table

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




Back to homepage


Leave a comment

Leave a comment




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