Shifting to sustainable energy could leave the West dependent on technology from China, much as the developed world now depends on oil from the Mideast.
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Crude oil futures fell below $80 a barrel after Chinese banking rules raise fears the country might slam the brakes on growth. The idea that America’s clean-energy push has become, first and foremost, a jobs push is now indisputable. A boom in Chinese wind investments helped Asia top the Americas in clean energy spending last year, but Europe-Africa-Middle East remained the top region, according to data out this morning from consultant New Energy Finance . Associated Press The Yumen Wind Farm in northwest Gansu province. Totalling up spending by venture capitalists, governments, asset financiers and so forth, the green eye shades at NEF found $37.3 billion invested in Asia-Oceania, versus $32 billion for the Americas Venture capital firms invested at least $5.6 billion in clean technology in 2009 in North America, Europe, China and India, according to a preliminary tally announced Wednesday by the Cleantech Group and Deloitte. Crude oil futures are tickling $75 a barrel on geopolitical worries after fresh attacks on Iraqi pipelines and renewed violence in Nigeria, Bloomberg reports . The world’s biggest oil producers in OPEC turned out to be among the quietest of the several hundreds of groups attending Copenhagen. What happened to public demands for many billions of dollars in financial compensation from consumer nations for using less oil down the road, a possibility prior to the conference So collapse again is the operative word from the Copenhagen climate talks. SHANGHAI (AP) — A123 Systems and General Motors partner SAIC Motor said Thursday they plan a joint venture in China to supply batteries for electric and hybrid vehicles. |
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