China still leads in renewable energy
China still led investor and proponents of renewable energy in 2013 as global investment fell sharply, according to a report.
China invested more in renewable energy than all of Europe did in 2013, said the Global Status Report, released on Wednesday by the Renewable Energy Policy Network for the 21st Century.
New investment in renewables fell for the second consecutive year globally in 2013, partly because of uncertainties over incentives in Europe and the United States, as well as sharp reductions in technology costs, according to the report.
China’s new investment in renewable energy was $56.3 billion in 2013, accounting for 61 percent of the developing-country investment in renewables.
Global new investment in renewable power and fuels was around $214.4 billion in 2013, according to Bloomberg. (Photo 5)