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The largest Asian country in terms of population is spending a lot more in clean energy than any other country, even beating out the United States. China’s total investment figure in renewable energy is more than those expedited by the US and UK combined, two countries that round up the Top 3.
The Top 10 Countries that invest more in renewable energy belong to the G20, a group of industrialized and advanced countries with the largest economies in the world. Rounding up the top 10 with their respective spending figures for renewable energy in 2009 are:
1) China $34.6 billion
2) United States $18.6 billion
3) United Kingdom $11.2 billion
4) Rest of EU-27 $10.8 billion
5) Spain $10.4 billion
6) Brazil $7.4 billion
7) Germany $4.3 billion
8) Canada $3.3 billion
9) Italy $2.6 billion
10) India $2.3 billion
The rest of EU includes the 27 member-countries of Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Ireland, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Slovakia, Slovenia and Sweden.
However, if the EU countries were to be separated and the amount in renewable energy investment is taken into account for each country, the Latin American country, Mexico, would have coveted the 10th spot, spending $1.8 billion in renewable energy.
This information was sourced from Pew Charitable Trust’s report entitled: Who’s Winning the Clean Energy Race? Growth, Competition and Opportunity in the World’s Largest Economies.
Clearly, it’s China winning the race, another feat the Asian country has attained in the 21st century.
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