It appears, from this report by the Breakthrough Institute, as profiled in Fortune magazine, that the Chinese are investing much more in green technology than the Americans, and that is a surprise.
An excerpt from the Fortune article.
“(Fortune Magazine) -- Quick: which nation builds the most wind turbines? If you guessed America, with its blustery Great Plains dotted with whirring GE blades, you'd be wrong. In 2009, China became the planet's largest producer.
“What's going on here? While America was digging itself out of its financial crisis, China quietly positioned itself to become a leader in what promises to be the largest emerging industry of the 21st century: green tech.
“A new report by the Breakthrough Institute, a progressive think tank in Oakland, argues that China, along with Japan and Korea, will dominate the clean-energy race by out-investing America.
“Asia's clean-tech tigers are already launching massive government investment programs to dominate this industry and, according to the report, have surpassed the U.S. in virtually all clean-energy areas, including wind, solar, and electric-car batteries.”
