India and China still world leaders in renewable energy

China and India accounted for nearly 60% of the total new RE investments in developing countries.

China and India, Asia’s renewable energy superpowers, continue to lead the world in renewable energy growth and investments.

China and India accounted for nearly 60% of the total new RE investments in developing countries and more than 20% of the global RE total.

India recorded the highest RE growth while China made the most money from RE deals, said a report by the Worldwatch Institute.News. RE investments in India zoomed by 62% in 2011, the highest growth rate for any single country, year-on-year. China took in US$52 billion in new investments in 2011, the largest amount for any country.

Investments in renewable energy and fuels hit US$257 billion globally in 2011. In 2010, total worldwide investment in the RE and fuel sector reached US$220 billion.

Total RE investments in industrial countries in 2011 comprised 65% of global investments, growing 21% to US$168 billion.

The report said that the 35% of new global investment that went to developing countries increased 10% to US$89 billion, of which China, India and Brazil accounted for US$71 billion.