Administration officials and many Congressmen have touted that we are losing the "clean energy" race with China. One of their metrics is spending on "clean energy" investments. Another is on the amount of renewable capacity that has been built. Let's see how the race is playing out.
In 2011, the United States spent more on renewable energy than China, beating China's "clean energy" investment for the first time since 2008. In 2011, the United States spent a total of $55.9 billion of government and private funds on "clean energy" projects, a 33 percent increase from 2010, compared to China's $47.4 billion, 1 percent higher than in 2010.
