US ranks 17 as clean tech producer, China is No. 2

AMSTERDAM (AP) — A new report obtained by The Associated Press says China is unmatched in growth as a global producer of clean tech.

The World Wildlife Fund for Nature report due out tomorrow also says Denmark earns the biggest share of its national revenue from various clean technologies. The United States is rapidly expanding its clean-tech sector.

But the report says China's production of green technologies has grown by a remarkable 77 per cent a year.

Donald Pols, an economist with the WWF, says China has made "a conscious decision to capture this market."

China's green tech production earns more than $64 billion, or 1.4 percent of its gross domestic product.

The U.S. ranks 17th in the production of clean technologies with $45 billion, but those industries have been expanding at a rate of 28 percent per year since 2008.

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