China still leads in re­new­able en­ergy

China Daily (Canada) - - NEWSCAPSULE -

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)

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