The developed economies are in a technological race to develop more efficient electricity generating systems without C02 emissions, and governments are providing major support to R&D in this sector. The United States Energy Secretary has recently said that the country could either develop the next generation of clean energy technologies, which would help to create thousands of new jobs and export opportunities in the United States, or else it could wait for other countries to take the lead (see [ online] http:// energy.gov/articles/energy-department-takes-first-step-spur-us-manufacturing-small-modular-nuclear-reactors). Clean energy technology transfer is one of the negotiating points in international conversations on climate change mitigation, and although no specific proposal has yet emerged in this regard, FDI in renewable energies can be expected to be one of the main vehicles for this transmission (Peterson, 2008).