|A report released Tuesday in Frankfurt, Germany, says China is now the world leader in renewable energy investment, Xinhua reported. If accurate, the ranking marks the first time a developing country has overtaken developed nations in green project investment.
The report was based on a study jointly conducted by the Frankfurt School of Finance and Management, the United Nations Environment Program and the news service Bloomberg New Energy Finance.
|According to the report, the renewable energy industry saw rapid growth last year, with a record US$211 billion flowing into the sector worldwide, 30 percent more than a year earlier.
|China, an emerging nation determined to change its growth pattern, leads the list of major renewable energy investors worldwide.
In 2010, a total of 48.9 billion U.S. dollars were directed into green energy and technology research in China, particularly for wind farms.
(China.org.cn July 7, 2011)