Global Development

Foreign Direct Investment

REUTERS/Mario Anzuoni - A GE 1.6-100 wind turbine (front R) is pictured at a wind farm in Tehachapi, California June 19, 2013.

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Galvanize Foreign Direct Investment in U.S. Clean Energy

December 19, 2014, Devashree Saha

The United States has made great strides in developing its clean energy sector. Clean energy investment reached $36.7 billion in 2013, increasing by nearly 250 percent since 2004. Despite the gains, the United States will need to continue investing on the order of 1 percent of GDP per year to be able to reduce its greenhouse gas emissions 80 percent below 1990 levels by 2050.

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