Financial Times FT.com

Asia set to overtake US in green technology

By Fiona Harvey in London

Published: November 18 2009 18:19 | Last updated: November 18 2009 18:19

Asian economies look set to outstrip the US in the clean technology market by rapidly increasing investment in manufacturing capacity and research and development, said a report by two American think-tanks.

The US attracted about $52bn (€35bn, £31bn) in private capital for renewable energy technologies between 2000 and 2008, said a report from the Breakthrough Institute and the Information Technology and Innovation Foundation.

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