China retains No 1 spot in renewable energy

China continues to be the world's most favorable market for renewable energy development and investment, according to a new study.

The Renewable Energy Country Attractiveness Index, which is compiled twice a year by London-based financial services firm EY - formerly known as Ernst and Young - highlighted the large quantities of public and private funds pouring into renewable power projects in China, as well as several energy-efficiency policies.

After conceding the top place in the poll to China in the previous index, the United States remains in third place. The UK ranks 10th among 40 economies.