China overtook the United States in renewable energy investments for the first time ever last year becoming the world’s largest market for clean energy projects. Renewable energy investments in China, mostly wind farms – totalled $34.6 billion in 2009. In the United States, $18.6 billion was spent.
Worldwide $162 billion was spent on renewable energy, down just 6.6 per cent from the previous year. In 2010, a 25 per cent increase in renewable energy investments to $200 billion is expected.