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U.S. Lags Behind China in Renewables Investments, Clean Technica, 6 April 14 By Bobby Magill  Follow @bobbymagill Don’t let all those Texas wind farms and massive installations of solar panels in California fool you. The U.S. is not the world leader in clean energy investment.

China is.

China Is #1 In Renewable Energy Investment, US #2, Japan #3 (CHART) With record-breaking solar installations in the US, and solar actually coming in as the #2 source of new electricity capacity in 2013, you might think the US was the #1 market in the world for renewable energy investment. Of course, if you follow how much renewable energy China is installing… or if you just read the headline above, you know otherwise. Here are more details from Climate Central:

For the second year, an annual Pew Charitable Trusts report, “Who’s Winning the Clean Energy Race?”, shows that China is the world leader in clean energy investment, with $54 billion in investments in renewables in 2013, well above total U.S. investment of $36.7 billion. No other clean energy market in the world is operating at that scale,” Phyllis Cuttino, director of Pew’s clean energy program, said during a teleconference Thursday, referring to China.

The report was released just days after the Intergovernmental Panel on Climate Change released the second part to its fifth assessment report, which states unequivocally that people will have to adapt to a world in which human fossil fuel emissions have caused the climate to change, threating lives across the globe as temperatures and seas rise and extreme weather becomes more frequent. Developing renewable energy is seen as one of the primary ways to reduce humans’ impact on the climate.

The Pew report says China’s efforts to slash poverty, expand economic development and solve its air pollution problems have driven the country to invest heavily in clean energy…………

Zwindler said the solar and wind power industries worldwide are in a transition period as subsidies for renewables are scaled back, especially in Germany and Italy, but he is confident renewables will be able to compete in the future with few subsidies.

“It does not take place in all places at the same time,” he said. “If you’re in a sunny part of the world with high electricity prices, putting solar on your roof clearly can make more sense.” http://cleantechnica.com/2014/04/05/china-1-renewable-energy-investment-us-2-japan-3-chart/