We are falling behind in the clean energy race says U.S. Secretary of Energy

In a previous post we wrote that the U.S. is likely to lose ground against the so-called Asian Cleantech Tigers regarding the development and commercialization of environmental technology. United States Secretary of Energy now confirms the gloomy outlook.

At a symposium at Clemson University at the beginning of last week said Secretary of Energy Steven Chu that "America has the opportunity to lead the world in a new industrial revolution" but added that "The world is passing us by. We are falling behind in the clean energy race … China is spending $9 billion a month on clean energy … China has now passed the United States and Europe in high-tech manufacturing. There is no reason the United States should cede high-tech manufacturing to anyone" to the last sentence he added that "This is going to be a very competitive business and we want to help the United States get a leadership position... ".

It is obvious that the U.S. now, at the highest level, realize that they are lagging behind in renewable energy and that they must do something about it to regain its position as a world leader in the production of high-tech products. We interpret this as very positive and will follow with interest what action the U.S. will take. The present Copenhagen meeting is an opportunity, and Obama's visit of the same is definitely a step in the right direction - in the battle for the leadership in renewable energy.

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Save Earth Fund invests in renewable energy, environmental technology and water management through actively managed funds, ETFs and stocks. The fund is the only of its kind in Sweden. Our aim is to generate a return that clearly exceeds that of the MSCI World index, with a lower than the average risk of environmental funds. No minimum investment. The management fee is 1%. Daily subscriptions/redemptions. Mr Carl Bernadotte, Mr Alexander Jansson and Mr Marcus Grimfors are responsible for managing the fund. Learn more about our managers here.