The Associated Press (AP) is reporting that a study (to be released May 9) commissioned by the World Wildlife Fund for Nature (WWF) and prepared by Roland Berger Strategy Consultants ranks the U.S. 17th in clean energy production. Denmark earns the top spot, with 3.1 percent of its gross domestic product (GDP) coming from clean tech (about $9.4 billion).
The report used data gathered from various energy and financial sources, like the International Energy Agency or bank and brokerage reports, to measure earnings from green energy technologies. These included not only energy production from renewable sources, such as biofuels, solar, or wind, but energy efficiency technologies as well. The countries were then ranked according to the amount of national revenue generated from these technologies. In other words, the percentage of a country’s GDP that came from clean tech determined its rank.
The report also looked at the pace of growth. The AP quotes Roland Berger Strategy Consultants’ senior research associate Ward van den Berg as saying, “Clean technologies are really growing fast, but China is responsible for the majority of that growth.” The report ranks China second, but says its production of green tech has grown a whopping 77 percent a year. This accounts for the largest earnings stated in the report, about $64 billion, which is 1.4 percent of China’s GDP. Donald Pols, an economist with the WWF, told the AP, “The Chinese have made, on the political level, a conscious decision to capture this market and to develop this market agressively.”
Pols went on to say that U.S. clean tech had grown substantially thanks to the policies of Obama, but this couldn’t compare to Chinese policies and Chinese growth. “When you speak to the Chinese, climate change is not an ideological issue. It’s just a fact of life. While we debate climate change and the transition to a low carbon economy, the debate is passed in China. For them it’s implementation. It’s a growth sector, and they want to capture this sector,” Pols told the AP. The U.S. generates about $45 billion from clean tech, representing 0.3 percent of its GDP.
According to the report, the top five producers in terms of percentage of GDP, in order of rank, are Denmark, China, Germany, Brazil, and Lithuania.