A friend of mine emailed me this article from Bloomberg news about how China is now the leader in the quarterly index of the most attractive countries for renewable energy projects for the first time ever. The list is compiled by Ernst & Young a global accounting firm.
Workers paint and assemble parts of wind turbines in Yumen, Gansu province, China. Photographer: Doug Kanter/Bloomberg
After sharing the lead with the U.S. in the first quarter, China moved ahead of the world’s largest economy to rank as the most appealing nation for investing in wind and solar power projects, according to the report released today. The move follows the failure of U.S. Congress to pass legislation that would have required utilities to use clean energy.
“What we’re seeing in the U.S. is a continued resistance to committing to long-term visible and transparent support for the sector,” Warren said. “The U.S. market has always suffered from this boom-and-bust tax-based incentive regime.”
Wow this is an interesting report. I'd love to hear your thoughts about this article and what the US is or isn't doing and what it needs to do regarding getting our act together regarding renewable energy projects.
Talk soon,
Jill
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