1. Opportunity Abounds
New research makes the economic case
for clean energy in the United States

2. The Pew Clean Energy Program
The goal is to accelerate the clean energy
economy for its national security, economic
and environmental benefits.
The program promotes the
adoption of key changes to U.S.
energy policy in four sectors:
• Industry
• Utilities
• Transportation
• Research and Development

3. Clean Energy Economy Research Portfolio

5. 2012: A Year of Change
• Investment , while Deployment
• Investment Moving from West East
• Investment Moving from Wind Solar
• Financial Innovation Drives Small Project
Investment
• Investment in Developing Nations

6. Worldwide Investment Declines
In global investment from 2011
Global public & private
investment in 2012
In investments in emerging markets
In investments in G-20 nations

7. Clean Energy Sector Remains Resilient
The incremental average
increase in global investment per
triennial

8. Falling Prices Lead to Increased Installed Capacity
Total solar added globally in
2012, a record
Total clean energy added globally
in 2012
Of new generating capacity in the
U.S. was from renewable
sources. In the E.U. that figure
was 70% for the second year

9. Investment Moving from West to East
Investment in Asia & Oceania, an
increase of 16%
Investment in Europe, the Middle
East & Africa, a decline of 22%
Investment in the Americas, a
decline of 31%

10. Investment Shifting to Solar
Investment in solar, 58% of the
G-20 total
Investment in wind, a decline of
14 percent, but enough to spur
record deployment globally

11. China Leads the Clean Energy Race

12. China is World’s Clean Energy Leader
Likely to remain at the top for foreseeable future.
In China clean energy investment
from 2011
Of G-20 solar energy investment
Of G-20 total investment
Of G-20 wind energy investment
Of G-20 small hydro, geothermal, marine, and
biomass investment

13. United States Stumbles in Clean Energy Race
Sector rose and fell like a roller coaster
In U.S. clean energy investment
from 2011
Record wind energy installed
Of all new electric generating
capacity was renewable
Record solar energy installed --
Still less than half of what some
E.U. markets saw in recent years
0.3
2.5
6.0
2.0
3.0
2.0
2
10.3
4.5
6.5
13.6
2.8
8
3
4
2009 2010 2011 2012 2013e 2014e 2015e 2016e
Commissioned Financing secured/under construction
Permitted Announced/planning begun
To be announced
-56% 44% 109% -79% 186% -63% 33%
US wind capacity by status assuming no PTC extension,
2009-16e (GW)
Source: Bloomberg New Energy Finance

14. Policy Matters
Rankings of the top nations in clean energy investments, 2011 and 2012

15. Advantage America:
The U.S.-China Clean Energy Technology Trade
Relationship In 2011

16. Methodology & Sources
• U.S.-China clean energy trade
in 3 key sectors – solar, wind,
energy smart technology
• 2011 data for exports and trade
by U.S. and Chinese
companies operating overseas
• Sources included BNEF
Industry Intelligence Desktop,
U.S. government databases
(ITC DataWeb), public company
financial data, BNEF analyst
interviews

17. The Solar PV Value Chain
Source: Solar World

18. U.S. – China Solar Energy Trade Flows, 2011
(in millions of U.S. dollars)
Source: Bloomberg New Energy Finance

19. The Wind Energy Value Chain
Source: U.S. Department of Energy

20. U.S. – China Wind Energy Trade Flows, 2011
(in millions of U.S. dollars)
Source: Bloomberg New Energy Finance

21. Energy Smart Technologies

22. U.S. – China Smart Technologies Trade Flows, 2011
(in millions of U.S. dollars)

23. Total U.S. – China Clean Energy Trade Flows, 2011
(in millions of U.S. dollars)
U.S. China
Source: Bloomberg New Energy Finance

24. U.S. – China Trade Relationship Conclusions
• America’s strength is
innovation and advanced
manufacturing/materials
• U.S. firms have a larger global
footprint
• China’s strength is high-volume
assembly

26. Introduction and Background
• Qualitative Research: Roundtable discussions and
consultation with industry experts on the strengths,
weaknesses and opportunities facing U.S. clean energy
businesses
• Quantitative Analysis by Pike Research

27. Nationwide Roundtables
• New York City, New York – Finance
• Columbus, Ohio – Manufacturing
• Golden, Colorado – Innovation
• Atlanta, Georgia – Deployment/Solar
• Jackson, Mississippi – Deployment/Biomass
• Washington, DC – Summit

28. Challenges
• Policy uncertainty
• Global oversupply
• International competition
• Access to credit
• Not a level playing field in the
energy marketplace

29. Opportunities
• Financial innovation
• Technological innovation
• Cost reductions
• Increased domestic demand
• Increased international exports

30. Policy Initiatives
• Establish National Clean Energy Standard
• Invest in U.S. energy innovation
• Reinforce incentives for private investment
• Level the energy playing field
• Support American manufacturing
• Expand markets for U.S. goods and services

31. Conclusion: We’re at the Crossroad
Consistent policies give nations a
global competitive advantage, helping
them:
 Develop new technologies
 Attract manufacturing and jobs
 Export clean energy
technologies
 Compete globally
While the U.S. leads in some areas,
without policy, that lead will diminish
and in areas where we are behind,
and the gap will continue to grow.

32. Emily Bryan
Organizer
Pew Clean Energy Program
ebryan@cooleyps.com