Finance and Investments

In Clean Energy, U.S. Innovates But Builds Slowly

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If you follow the money, the numbers show that the U.S. is being outpaced by China and other countries in a global race to develop green-technology industries. The Pew Charitable Trusts, in conjunction with Bloomberg New Energy Finance, is publishing a report on Thursday that characterizes different countries in developing and adopting clean-energy technologies.

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Losses From Natural Disasters Decline In 2009

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In 2009, some 860 natural catastrophes occurred worldwide.1 Given the 750 disasters registered in 2008, this represented an increase of 15 percent.2 Last year had the fourth highest number of events in the period from 1980 to 2009.3 Some 92 percent of last year’s events were weather-related disasters (compared with 82 percent in 2008): 42 percent were storms, 38 percent were floods, and 12 percent were other weather-related events, such as heat and cold waves, winter damage, droughts, and wildfires.

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Solar PV, Wind, and Biofuel Markets Expand by 11.4 Percent to $139.1 Billion in Collective Global Revenues in 2009

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Following one of the worst years in economic history, signs of hope have begun to emerge for the clean-tech sector, with clean energy becoming a driving force for global economic recovery from Beijing to Seoul, and Washington D.C.

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