- Category: Business
08 Jun 2012
- Published on Friday, 08 June 2012 11:49
- Hits (1315)
Despite ranking second to China in terms of overall clean technology sales, the United States is behind 14 countries relative to its economy size, a World Wild Fund for Nature-backed report from consultancy company Roland Berger said. "Other countries are moving on clean technology opportunities and making big investments in the industry, while U.S. policymakers in Washington seem to be content to let all the recent growth in the U.S. wither on the vine by not providing policy certainty and not going after growth opportunities," said Marty Spitzer, director of U.S. Climate Policy for W.W.F. "It's stable, visionary policy that's driving the market leaders to the top." The country registered an increase in clean technology sales of 17 percent from 2010 to 2011, but this is slower than the 28 percent growth rate posted from 2008 to 2010. Still, the U.S. is fifth among the fastest growing markets for 2010 to 2011. Taiwan posted a 36 percent increase, followed by China (29 percent), India and South Korea (both 19 percent).
The U.S. though leads in bioethanol with 61 percent of global market share, attributed to federal incentives and a renewable fuels standard. Meanwhile solar and wind power has a total of 16 percent and 11 percent of the global market share, respectively. "The U.S. 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," said Mr. Spitzer. "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." He adds that for the long run, policies like a Clean Energy Standard or a carbon price would create stable, long-term demand, as well as leveling the playing field among energy technologies. Overall, global sales for clean technology increased by 10 percent in 2011 to almost $250 billion, but are more unevenly distributed across countries. Though sales are growing in Asia and America, European manufacturers have either maintained or declined their number of sales. The report forecasts that the clean tech market will be at par with the oil and gas equipment market, with an estimated market size of between $300 billion to $370 billion in 2015. – EcoSeed Staff