While the collapse of climate legislation in Congress was a setback for some green businesses, many others are moving ahead with projects to develop renewable energy. One major reason: The clean-tech sector is rapidly growing worldwide, and U.S. companies don’t want to be left behind.
Data from the first quarter of 2010 show a solid growth in global clean energy investment. While China maintained its global lead with clean energy investments of $6.5bn, the wind energy sector saw a global investment of $14.1bn, making it the biggest renewable energy sector. In spite of some lingering concerns, a record overall new investment in clean energy worldwide is forecast for the year 2010.