China: Top Nation in Total Clean Energy Investments

"Third Way cites data from Ernst and Young showing for the first time, in 2010, China beat the United States in terms of its attractiveness for renewable energy investment, receiving 20% of total global clean energy investment in 2010, compared with the 19% drawn by the United States. Just 7 years ago China had only 3% of the total, while the United States drew 20% of investment. Furthermore, China attracted US$54.4bn in clean energy financing in 2010, a 39% increase over 2009 and equal to the entire amount of clean energy investment worldwide in 2004. Similar financing in the United States stagnated last year at US$34.4bn, approximately equal to 2007 levels.

Leading innovations. In the realm of innovation, China is expected to lead the world in overall number of patents filed in 2011, surpassing the United States and Japan for the first time. China ranks second in the estimated number of people engaged in scientific and engineering research and development."

'via Blog this'Renewable Energy Focus - China passes US in clean energy investment: