China leading in global clean tech race

A new report released last night by the US-based Pew Environment Group shows that China has now overtaken the US as the biggest global investor in clean energy. In 2009, China invested $34.6 billion in the clean energy economy while the United States invested $18.6 billion and came in second place.

The New York Times reports that China aims to spend 34 percent of its $586 billion stimulus package on green projects.

In other clean energy news, renewables supplied more than 60 per cent of Spanish power demand in the first week of this month, setting a new global record.

1. Tim Worstall says:

   March 26, 2010 at 11:35 am

   “In other clean energy news, renewables supplied more than 60 per cent of Spanish power demand in the first week of this month, setting a new global record.”

   I doubt that very much you know. It’s possible, just, that for a short period during that week that 60% of Spanish electricity was produced from renewables.

   But that’s very different indeed from saying either that a) 60% of electric power in that week was supplied from renewables or b) that 60% of Spanish power requirements were at any time provided by renewables.

   “In 2009, China invested $34.6 billion in the clean energy economy while the United States invested $18.6 billion and came in second place.”

   Be interesting to know why you think this is important. China invested more in inefficient energy production than the US did? A country with huge power shortages invested more in power production than a country without power shortages?
2. Akash Dwivedi says:

   March 26, 2010 at 12:35 pm

   It is gratifying to find that a communist nation is finally doing it the other way. China has long suppressed the needs of its own citizens and of the world over. Providing green energy to world will help it shift to other category of communist nations, who would rather not exploit its resources. This reminds me of Karl Marx who once said- “From each according to his ability, to each according to his need”. Also, there was this article “Why the Left is Wrong”, – which exhibits the differences between communism and other social structures.
3. Akash Dwivedi says:

   March 26, 2010 at 1:19 pm

   It is gratifying to find that a communist nation is finally doing it the other way. China has long suppressed the needs of its own citizens and of the world over. Providing green energy to world will help it shift to other category of communist nations, who would rather not exploit its resources. This reminds me of Karl Marx who once said- “From each according to his ability, to each according to his need”. Also, there was this article “Why the Left is Wrong”, link- http://scragged.com/articles/why-the-left-is-wrong.aspx?cc=1#cc which exhibits the differences between communism and other social structures.
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