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China continues to lead global clean energy investment

source:time:2019-06-12

The annual report "Who is the Winner of the Clean Energy Competition" released by the Pew Charitable Foundation of the United States on the 3rd said that the whole clean energy industry has become more mature. In 2013, China continued to lead the global investment in clean energy, with a total investment of 54.2 billion US dollars, but global investment in this area continued to decline due to the sharp reduction in investment in Europe, the Middle East and Africa.

China leads the world

According to the report, China's investment in clean energy fell 6% in 2013 from 2012 to 54.2 billion US dollars, but still significantly higher than other countries, accounting for 29% of all clean energy investment in the G-20, surpassing the second US $17.5 billion, leading the world for the third consecutive year.

At the same time, China's clean energy industry is shifting from export-oriented to expanding domestic consumption. The report predicts that China will continue to lead global clean energy investment in the coming years.

The report also shows that compared with the slowdown in investment in clean energy in Europe and the United States, investment in this area in the Asia-Pacific region continues to grow steadily, reaching $102 billion last year, an increase of 10% over the same period last year. Among them, Japan's growth rate ranked first in the world, up 80% year-on-year, reaching nearly 29 billion US dollars, rising from fifth to third in the Group of Twenty, reflecting Japan's high emphasis on clean energy after the Fukushima nuclear accident. Japan's investment in clean energy is mainly concentrated in solar energy, reaching $28 billion.

Decreased global investment

Global investment in clean energy fell 11% to $254 billion in 2013 from 2012, the second consecutive year of decline, according to the report. Total investment in this area in Europe, the Middle East and Africa dropped 42% to only $55 billion, with Germany and Italy falling 55% and 75% respectively.

The United States, the second largest investor in clean energy, also dropped 9% last year to $36.7 billion. According to the report, the decrease in investment in the United States is mainly due to the unclear direction of relevant policies and the weakening of investor enthusiasm. However, the report is still optimistic about the long-term development prospects of the United States, believing that the market power of the United States is very strong. In 2013, clean energy companies in the United States raised the largest amount of money in the Group of Twenty in the open market and venture capital and private equity, with $6.8 billion and $2.2 billion respectively.

Phyllis Katino, director of clean energy projects at the Pew Charitable Foundation, believes that despite the decline in global investment in clean energy, as an industry that attracts $250 billion in investment, there are signs that the clean energy industry is maturing. "As the cost of clean energy technology continues to decline, it is becoming more and more competitive in the competition with traditional energy sources." Katino said.

First Super Wind Energy for Solar Power Generation

The report also found that global solar installed capacity growth exceeded wind power for the first time in 10 years last year. Solar installed capacity increased by 29% to a record 400 gigawatts, exceeding the total solar installed capacity from 2001 to 2010, while wind installed capacity decreased by 40% to 27 gigawatts.

According to the analysis of the report, the installed capacity of solar energy has increased dramatically. First, the related production costs have decreased dramatically. Second, capital has shifted from small-scale solar power projects to large-scale solar power projects with relatively lower costs. However, the dramatic decline in installed capacity of wind energy is mainly due to the delay in updating the relevant tax subsidy policy in the United States, resulting in the decline of installed capacity of wind energy in the United States.

The report predicts that due to the renewal of the relevant tax subsidy policy in the United States, the delayed installed capacity of wind energy in 2013 will be released in 2014, and the installed capacity of wind energy in the United States will increase substantially in 2014.

The Pew Charitable Foundation of the United States has published the report since 2009. It makes statistics on the investment in clean energy in the G-20 countries. At present, the G-20 countries account for more than 95% of the total investment in clean energy in the world.

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