Monday, May 9, 2011

China is #2 Cleantech Producer, U.S. #17, New Report Finds

“Denmark earns the biggest share of its national revenue from producing windmills and other clean technologies, the United States is rapidly
expanding its clean-tech sector, but no country can match China’s pace of

growth, according to a new report obtained by The Associated Press,” the AP reported today.

“China’s production of green technologies has grown by a remarkable 77 per cent a year, according to the report, which was commissioned by the World Wildlife Fund for Nature and which will be unveiled on Monday at an industry conference in Amsterdam.”

The key findings and conclusions of the report, which compared cleantech production of 38 countries to GDP, are as follows:

Denmark leads the world in the percentage of its GDP that comes from cleantech production (3.1%)
China is 2nd at 1.4%, Germany 3rd, Brazil 4th, and the U.S. 17th (at 0.3%).
Obama’s cleantech policies have helped the U.S. and the U.S. cleantech industry has been growing 28%/year since 2008.
China’s growth in cleantech production is incomparable, however, and is clearly going to make China the cleantech world leader barring any radical, unexpected changes.
China’s cleantech growth is based in a clear understanding of the threats the world (and it) is facing as a result of climate change as well as an understanding that the cleantech industry is a growth driver that will help it tremendously in its economic ascent.
In flat dollar terms (not percentage of GDP), China is currently the world leader in cleantech production, bringing in $64 billion a year from it and the U.S. brings on $45 billion. More >>>

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