China regained the global top spot in clean energy investment in 2012, with a robust 20 percent rise while investment in the United States and Europe dropped, according to a report released on Thursday.
The report said investment levels worldwide declined 11 percent during the year.
The United States, last year’s world leader, ranked second with investment in the sector dropping 37 percent to $35.6 billion in 2012.
Germany ranked third with $22.8 billion, down 27 percent compared with the previous year.
“When we look around the world, we see policy really matters when it comes to where investment will be going,” said Phyllis Cuttino, director of Pew’s Clean Energy Program.
The Pew Charitable Trusts report on clean energy found that China attracted $65.1 billion in renewable energy investment, the third time the country has headed the investment rankings since 2009.
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