China Ousts U.S. as Most Attractive Market for Renewable Energy Investing

China for the first time has overtaken the United States as the most attractive country for renewable energy investment, according to a quarterly index ranking released yesterday (Wednesday) by accounting firm Ernst & Young . As the world's biggest energy consumer, China set a goal to generate 15% of its electricity from renewable sources by 2020 - up from 9% in 2008 - and has been encouraging investment in its clean energy companies to make its target. " China has all the benefits of capital, government will, and it's a massive market, " Ben Warren, Ernst & Young's environment and energy infrastructure leader, told Bloomberg . "We would expect to see China retaining a dominant position."