 | |||||||||||||||||||||||
|
.
renewable energy investing has China taking the top spot, a position the U.S. had held since 2006. According to Ernst & Young's rather confusingly titled Renewable Energy Country Attractiveness Indices, the U.S. and China were tied last year in the All Renewables Index. "China's steady rise to pole position has been underpinned by strong and consistent government support for renewable energy. This, together with substantial commitment from industry and the sheer scale of its natural resources, means that its position as top spot for renewable energy investment is well merited," said Ben Warren, Ernst & Young's environment and energy infrastructure advisory leader. "Although the United States remains a highly attractive location for investors in renewable energy, it is clear that recent events have eased momentum. The U.S. market continues to have significant potential but requires consistent legislative support to provide investors with the long-term confidence they need," he added. The U.S. dropped two points in the Ernst & Young indices after a federal renewable energy standard didn't materialize this summer. That and renewable energy investors are expected to be even more skittish if Treasury's renewable energy grant program is allowed to expire in December, which looks like a distinct possibility at this point.
Quick Take: The renewable energy equation is pretty obvious, isn't it? Consistent government support + public/private investment = success.
Stay connected with SGN …
Smart grid discussions: Get LinkedIn with Jesse
Got something to say about this article? Be the first to leave a comment!
|
|
© 2012 SmartGridNews - Privacy Policy |
|
|||||||||||||||||||
Twitter
Facebook
Linkedin
RSS
