Clean Energy Race?

No, it’s not newly discovered caste of green humans.

But actually, a pathetic tale.

Our research shows that the clean energy sector around the world has roared back from flat recessionary levels, increasing 30 percent from 2009 to achieve a record $243 billion2 worth of finance and investment in 2010. More than 90 percent of all clean energy investments were directed to companies and projects in the G-20. Excluding research and development funding, clean energy finance and investment in the G-20 countries totaled $198 billion, 33 percent more than was invested in 2009.

That’s from the Pew Charitable Trusts report, “Who’s Winning the Clean Energy Race?” You can guess the nature of part the next:

The Americas region is a distant third in the race for clean energy investment, attracting $65.8 billion overall in 2010. Investments in the United States rebounded 51 percent over 2009 levels to reach $34 billion, but the United States continued to slide down the top 10 list, falling from second to third. Given uncertainties surrounding key policies and incentives, the United States’ competitive position in the clean energy sector is at risk. Growth is sharper in Latin America, where private clean energy investment in Argentina increased by 568 percent and in Mexico by 273 percent, the highest growth rates among G-20 members.

That’s right. Growth is sharper in Latin America. I mean, God bless ’em and all, but this is actually too serious to be an embarrassment. Our competitive position in the clean energy sector, such that it is, is at risk in the toilet because of a failure to face up to the facts. Instead we just want to debate them. Opportunity knocking a plenty, but only others answering.

Godspeed you clean energy racers.