China is leading the way in clean energy investments

China is leading the way in clean energy investments
(Image credit: China Photos/Getty Images)

On Friday, Bloomberg released its annual report on clean energy investments, and China is ahead of the pack.

China invested a record $89.5 billion in clean energy in 2014, while the U.S. invested $51.8 billion. Overall, investments in renewables, biofuels, and "energy-smart technologies" rose to $310 billion in 2014, up 16 percent from $268.1 billion in 2013.

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Meghan DeMaria

Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.