More than $211 billion was invested in renewable energy technology worldwide in 2010, a 32-percent increase from 2009 , according to a new UN report. And for the first time, developing nations outpaced wealthy economies in renewables investment, with China accounting for about one-fifth of total investment, at about $48.9 billion — a 28-percent increase from 2009. In developing countries, about $72 billion was invested in utility-scale renewable energy projects and provision of equity capital for renewable energy companies, compared with $70 billion by developed economies. In 2004, by comparison, total renewables investments by developing countries was one-quarter of those in developed countries. Other factors contributing to global growth last year includes an infusion of economic stimulus dollars finally trickling into markets, high prices for fossil fuels, and government incentives, such as feed-in tariffs for green energy projects. The report, Global Trends in Renewable Energy Investment 2011 , was compiled by the UN Environmental Programme (UNEP), the Frankfurt School of Finance, and Bloomberg New Energy Finance.