China continues to lead the global clean energy technology manufacturing race, according to a new report commissioned by World Wildlife Fund.
The third edition of Clean Economy, Living Planet ranks 25 countries based on the 2011 sales of the clean energy technology products they manufacture, such as solar panels and wind turbines. It found that in terms of total sales value of clean energy technology, China had the largest market, followed by the United States and Germany.
Though the US ranks second to China in total sales, relative to the size of its economy the US is well behind leading countries including Denmark, China, Germany and Brazil.
"Other countries are moving on clean technology opportunities and making big investments in the industry, while US policymakers in Washington seems to be content to let all the recent growth in the US wither on the vine by not providing policy certainty and not going after growth opportunities," said Marty Spitzer, Director of US Climate Policy for WWF. "It's stable, visionary policy that's driving the market leaders to the top."
The report finds that:
"The view that new industries set sail on their own defies history," Spitzer said. "The US government has played a strong role in investing in and fostering new industries, from rail and coal to the oil, natural gas and nuclear industries. Clean technology industries are no different. For the near term, our clean energy manufacturing industries like wind and solar need and deserve support to maintain their growth."
"In the longer run, we need to level the playing field among energy technologies and put in place policies like a Clean Energy Standard or a carbon price to create stable, long-term demand."
Overall, the report found that in 2011, the global sales value of the clean technology sector increased by 10% to almost EUR 200 billion (approximately $248.8 billion). However in comparison to 2010, the 2011 growth of that sales value is much more unevenly distributed across countries.
While sales from manufacturers in many countries in Asia and the Americas continued to increase, European manufactures have kept their sales stable or have even seen a decline in sales.
By 2015, the clean tech sector is expected to rival the oil and gas equipment market, when the forecasted market size will be between EUR 240 and 290 billion, the report states. Countries that gain a strong position in clean technology manufacturing today have the best prospects to capitalize on the expected strong growth in the future.
"The long-term drivers behind growth in clean technology markets are not going away. Countries winning the clean technology manufacturing race see the growth opportunities and are going after them by building strong domestic markets through comprehensive policies," said Spitzer.
"We can't risk Washington taking a nap by the side of the road while more countries breeze by us. There's too much at stake."
The Clean Economy, Living Planet report was prepared by Roland Berger Strategy Consultants and commissioned by WWF, with support from Rabobank and De Lage Landen in the US.
About Roland Berger
Roland Berger Strategy Consultants, founded in 1967, is one of the world's leading strategy consultancies. With 2,500 employees working in 49 offices in 35 countries worldwide, we have successful operations in all major international markets. The strategy consultancy is an independent partnership exclusively owned by about 220 Partners.
Rabobank Group is a full-range financial services provider founded on cooperative principles. The Group provides services to more than half of the Dutch population (16 million) and Dutch companies. Throughout the world Rabobank International focuses primarily on financing the international food & agri business, a niche market in which it has a leading position. Rabobank Group serves about 10 million customers in 44 countries and is among the world's 30 largest financial institutions. http://www.rabobank.com
About De Lage Landen
De Lage Landen, a fully owned subsidiary of Rabobank Group, specializes in asset-based financing programs for equipment manufacturers, dealers and distributors all over the world. DLL offers customers a single source for leasing, administration, risk and asset management solutions. DLL cares not only about our customers, but also about the communities in which it operates. DLL strives to have a positive social and environmental impact through our products and the way we conduct business. http://www.delagelanden.com
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ABOUT WORLD WILDLIFE FUND
WWF is the world's leading conservation organization, working in 100 countries for nearly half a century. With the support of almost 5 million members worldwide, WWF is dedicated to delivering science-based solutions to preserve the diversity and abundance of life on Earth, halt the degradation of the environment and combat climate change. Visit http://www.worldwildlife.org to learn more.
Read the full story at http://www.prweb.com/releases/world_wildlife_fund/clean_energy_technology/prweb9572943.htm
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