Monday, April 26, 2010

On The Left Podcast Episode 10

This week will be talking a little about Earth day and a new report that came out from the Pew Charitable Trusts Environment Group called “ Who is winning the clean energy race?:Growth, Competition and opportunity in the world’s largest economies” This report is for the G-20 countries.
I will link to the Pew’s web page were you can read the summary of the report and you can link to the PDF of the report, it is only 44 pages and a very easy read and it breaks down each counties clean energy profile in some detail. Over all a great report, but I would expect nothing less from the researchers at the Pew Charitable Trust.
The underlying data for this report was compiled for the Pew Environment Group by Bloomberg New Energy Finance, the world’s leading provider of news, data and analysis on clean energy and carbon market finance and investment. Always remember that Bloomberg calls themselves that, it is not an endorsement by me, but the underlining data looks sound. Now this report was on just the G-20 nations.
This is from the Executive Summary of the report.
Within the G-20, our research finds that domestic policy decisions impact the competitive positions of
Member countries. Those nations—such as China, Brazil, the United Kingdom, Germany and Spain—with
Strong, national policies aimed at reducing global warming pollution and incentivizing the use of renewable
Energy is establishing stronger competitive positions in the clean energy economy. Nations seeking to
Compete effectively for clean energy jobs and manufacturing would do well to evaluate the array of policy
Mechanisms that can be employed to stimulate clean energy investment. China, for example, has set
Ambitious targets for wind, biomass and solar energy and, for the first time, took the top spot within the
G-20 and globally for overall clean energy finance and investment in 2009. The United States slipped to
Second place.
There are reasons to be concerned about America’s competitive position in the clean energy marketplace.

Relative to the size of its economy, the United States’ clean energy finance and investments lag behind
Many of its G-20 partners. For example, in relative terms, Spain invested five times more than the United
States last year, and China, Brazil and the United Kingdom invested three times more. In all, 10 G-20
Members devoted a greater percentage of gross domestic products to clean energy than the United States
In 2009. Finally, the Unites States is on the verge of losing its leadership position in installed renewable
Energy capacity, with China surging in the last several years to a virtual tie.
The U.S. policy framework for reducing global warming pollution and promoting renewable energy
Remains uncertain, with comprehensive legislation stalled in Congress. On the other hand, America’s
Entrepreneurial traditions and strengths in innovation—especially its leadership in venture capital
Investing—is considerable, giving it the potential to recoup leadership and market share in the future.
Policy, investment and business experts alike have noted that the clean energy economy is emerging as
One of the great global economic and environmental opportunities of the 21st century. Local, state and
National leaders in the United States and around the world increasingly recognize that safe, reliable, clean
Energy—solar, wind, bioenergy and energy efficiency—can be harnessed to create jobs and businesses,
Reduce dependence on foreign energy sources, enhance national security and reduce global warming
Nations seeking to compete effectively for clean energy jobs and manufacturing would do well to evaluate
The array of policy mechanisms that can be employed to stimulate clean energy investment. This is
Especially true for policymakers in the United States, which is at risk of falling further behind its G-20
Competitors in the coming years unless it adopts a strong national policy framework to spur more robust
Clean energy investment.

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