China and Germany race ahead of the U.S. in clean energy investments: Alarm bell is ringing

China invested $54.4 billion on clean energy in 2010, $20 billion more than the U.S., according to the latest report from Pew Charitable Trusts and Bloomberg New Energy Finance released today. This is one-fifth of a global market that is growing at a record 30% pace. The competitive position of the U.S. has “deteriorated” so much that it slipped down to number three in private investment, as small-scale solar installations launched Germany into the number two spot. Pew and Bloomberg New Energy Finance’s take-away: policies matter as China and Germany had strong ones and US policies stagnated.

Read the full post at Jake Schmidt’s NRDC Switchboard blog.