The centre of clean energy gravity is fast shifting to Asia, with China taking the lead. In a new report developed by Australian think tank The Climate Institute and GE, China has improved its global low-carbon competitiveness index significantly.
The report ranks France, Japan, China, South Korea and the UK in the top five positions. China has leapt ahead of its previous ranking from 7th to 3rd while U.S. is now 11th down from 8th position. Australia is ranked 17th. The report attributes the latest decline in U.S. ranking to “lower public equity investment in clean energy, shrinking high-tech exports and a surge in reliance on emission intensive air freight.”
China’s growth in cleantech investment is boosted by high-tech exports and a rise in global public equity investment in clean energy. Read more