Asia: Light Years Ahead of U.S. in Clean Tech

A new report shows that Asia is investing billions more than the U.S. in "clean tech" and is light years ahead of us. Article link:

http://techland.time.com/2011/11/22/the-25-most-popular-and-worst-passwords-of-2011/

The report says: "Asia is investing hundreds of billions of dollars more than the US in clean technology, according to a new report by two research institutions. In the future, the US may be importing trillions of dollars of needed clean technology (and losing countless jobs to Asia) as a result.

In total, the report showed that China, Japan, and South Korea will invest about $509 billion in clean tech over the next 5 years, whereas the US (with our greenest President in decades, maybe ever) is only expected to invest $172 billion (about 3 times less)..."

There's more: "“Asia’s rising ‘clean technology tigers’ – China, Japan, and South Korea – have already passed the United States in the production of virtually all clean energy technologies, and over the next five years, the governments of these nations will out-invest the United States three-to-one in these sectors. This public investment gap will allow these Asian nations to attract a significant share of private sector investments in clean energy technology, estimated to total in the trillions of dollars over the next decade."

Moral: Forget Solyndra. It failed because we are being out-invested by our global competitors. We better get into the game or finish last...