Industrialized countries are falling behind China on clean energy technologies

China has said it plans to invest $738 billion developing clean energy over the next decade, as part of efforts to reduce the nation's heavy reliance on coal and slash carbon emissions. This is 5 times the Obama Administration's "ambitious" 10-year spending plan on clean energy. In addition to leading in photovoltaic (PV) and wind energy, China made tremendous progress in designing and manufacturing state-of-the-art conventional power plants of the highest efficiency and lowest emissions. At a time when electricity demand in OECD countries is down and coal utilization is being reduced to control greenhouse gas emissions, China is taking the lead as the dominant supplier of power generation technologies. Watch out...

Source: http://www.google.com/hostednews/afp/article/ALeqM5gHjWgsJfiyVbZqXMAU1f9TF-kvdA