U.S. Renewables Lead Over China Threatened by Policy
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U.S. government policies are creating a “boom-and-bust” in renewable energy investment, threaten a lead the nation regained over China for the technologies last year, the Pew Charitable Trusts said.
U.S. investment reached $48.1 billion in 2011, largely in wind and solar power, the Washington-based research group said today in a report based on Bloomberg New Energy Finance data. Those funds trumped the $45.5 billion China allocated to renewables, for lead for the U.S. since 2008.