Rising tigers

Asia is poised to dominate the fast-growing clean energy industry by outspending the United States by at least three-to-one on infrastructure and technology, according to a new report, Rising Tigers, Sleeping Giant, which was released by the Breakthrough Institute and Information Technology and Innovation Foundation.

"Rising Tigers, Sleeping Giant" is the first report to comprehensively benchmark clean energy competitiveness and government investments in clean tech by China, Japan, South Korea, and the United States. These Asian governments will invest $519 billion in clean technology between 2009 and 2013, compared to $172 billion by the U.S. government.

Investment bank giant Deutsche Bank recently concluded that "generous and well-targeted [clean energy] incentives" in China and Japan will create a low-risk environment for investors and stimulate high levels of private investment in clean energy because those nations rely on a "comprehensive and integrated government plan, supported by strong incentives."