The United States has regained its place as the world’s number one investor in clean energy, reclaiming the top spot from China, according to Bloomberg New Energy Finance.
In 2011, U.S. total investment in clean energy surged to $55.9 billion, up 33 percent from 2010; China saw investment rise just 1 percent to $47.4 billion over the same time period. This is the first time that the U.S. – and not China – has held the number one spot since 2008.
Bloomberg attributes the increase in U.S.investment in large part to support initiatives such as the federal loan guarantee program and a Treasury grant program which have now expired.
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