US Lags in Renewable Energy Investments

Among the 30 member states of the Organization for Economic Cooperation and Development (OECD), the United States ranks 12th for its renewable generation.

Published: 14-Mar-2002

WASHINGTON, DC, March 13, 2002 (ENS) - The United States lags far behind other developed countries in generating electricity from renewable energy sources, suggests a study released Tuesday by the U.S. Public Interest Research Group (PIRG).

Among the 30 member states of the Organization for Economic Cooperation and Development (OECD), the United States ranks 12th for its renewable generation, deriving less than two percent of its electricity from solar, wind, clean biomass and geothermal energy.

The renewable energy industry is booming in other nations, however. The European Union, for example, has set a goal of doubling the proportion of green energy from six percent to 12 percent of primary energy supply by increasing the share of renewable generated electricity from 14 percent to 22 percent by the year 2010.

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