The clean energy industry is gathering momentum around the world, BUT.

No More Coal MinesThe Pew Cheritable Trust has put together another excellent report that shows the global expansion of renewable energy, and points out how the U.S. is falling behind in yet another industry. From the report:

The clean energy industry is gathering momentum around the world. Innovation and investment are helping to bring down the cost of solar, wind, and other emerging technologies. As a result, markets for clean energy goods nd services are growing, and a new global competition is
developing among companies and countries alike.

In the United States, however, the outlook is less positive. The country that helped to pioneer a wide variety of advanced energy technologies finds itself in a precarious competitive position heading into 2013. America is no longer the clean energy superpower, and its position in innovation, manufacturing, and deployment is being hallenged by competitors in Europe and Asia.

Although initiatives in recent years have helped to stimulate clean energy progress in the United States, the future of government policy is now uncertain and weighs heavily on U.S. industry and its competitive prospects.

In the United States, cumulative clean energy installations from 2012 to 2018 are projected to reach 126 gigawatts (GW), which would more than double non-hydroelectric generating  capacity. The $269 billion in projected revenue associated with installations in the United States during the 2012-18 period represents 14.5 percent of the global total. Revenue in the U.S. market is expected to grow during the period at a compound annual rate of 14 percent. Whether the U.S. industry can capitalize on these economic opportunities remains an open question. Once a world leader in innovation and manufacturing of clean energy technologies, the United States now faces considerable competitive challenges. It lags other nations on a variety of measures, including clean energy deployment and manufacturing. Even its long-standing lead in innovation is at risk.

The Pew Trust recommended that policy makers do the following: Establish a clean energy standard to guide deployment and investment for the long term.

  • Significantly increase investment in energy research and development
  • Enact a multiyear but time-limited extension of tax credits for clean energy sources
  • Level the playing field across the energy sector by evaluating barriers to competition
  • Enhance clean energy manufacturing in the United States
  • Expand markets for U.S. goods and services

Me here: The results of having a country devided is again showing it's dirty little head. If we could all put our differences aside and work together at getting the oil industry and the coal mines behind us, we could build a clean economy that works for the good of all. I plan on calling my politicians again to tell them to stop wasting our money abroad and focus on clean energy here, I hope you do too. The country's electric grid and an electric car infrastructure are two good places to start.

The entire PEW report should be read here.

George Lopez