Ernst & Young

A new report by the Urban Land Institute (ULI), a nonprofit land use and urban planning think tank, and Ernst & Young (an accounting and professional services firm) suggests that the U.S. is falling behind other industrialized nations in its infrastructure planning as a result of crippling federal, state and regional economic conditions – a condition exacerbated by failure at both the national and local levels to achieve a political consensus on what is actually needed.

U.S. venture capitalists invested $1.14 billion in cleantech companies in Q1 2011, a 54% increase compared with Q1 2010, in 69 deals, compared with 79 deals in Q1 2010, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource.

The economic recession has hit renewable energy industries in the United States hard, and the effects have been accentuated by the country's lack of national renewable energy policy.

U.S. venture capital investment in cleantech companies in Q3 fell 55 percent in capital invested and 22 percent in number of deals, compared with Q3 2009, according to accounting and consulting firm Ernst & Young.

According to research conducted by the accounting firm Ernst & Young, China has supplanted the United States as the most attractive destination for investment in renewable energy.

A bitter global economy and lack of government action on climate change will not stop global business executives from investing sustainability and climate change initiatives.

Ernst & Young recently conducted a global survey of 300 executives from 16 countries, operating businesses with at least US$1 billion in annual revenue. 

A new report released by Ernst & Young measured China as having having caught up to Germany in renewables, and the report also showed wind power to be flourishing in a number of countries.  What follows are the highlights from the report.