China’s investment in clean energy growing rapidly amid such investment decline in US

Beijing. April 6. Silkroadnews - China’s investment in clean energy growing rapidly amid such investment decline in US, the Kazakh Telegraph Agency (KazTAG) reports with reference to the UN press service.
China became the leader in investment in renewable energy. The country accounts for more than a half of all new facilities for solar energy production. Among other countries actively using solar panels there are Australia, Mexico and Sweden. Not all the states, however, have been successful in introducing renewable energy sources. Some big markets, on the contrary, have cut their investments in the sector. The US cut investments 6% to $40.5 billion. In Europe, such investments volume fell 36% and amounted to $40.9 billion, the publication said citing Erik Solheim, Executive Director of the United Nations Environment Programme (UNEP).
According to the UN, global investment in the development of solar energy grew 18% compared to last year and amounted to $160.8 billion.
In general, for the period from 2007 to 2017 $2.7 trillion have been invested in projects for the development of renewable energy sources.
As a result, Solheim noted, the share of electricity produced using wind energy, solar batteries, waste reneables, geothermal sources, sea waters waves and small-scale hydro-facilities has significantly grown from 5.2% to 12.1%.