The report 'Global Trends in Renewable Energy Investment 2016' by the UN Environment Programme said the developing world including China, India and Brazil committed a total of USD 156 billion in new renewables capacity last year, up 19 percent on 2014.

Investments by developed countries were down eight percent in 2015 to USD 130 billion.

The year 2015 was the first time when investment in renewables in developing countries outweighed that in developed economies, the report said.

A large part of the record-breaking investment in developing countries took place in China, which lifted its investment by 17 percent to USD 102.9 billion, more than a third of global commitments.

India was also among the top 10 investing countries in renewable energy, with its commitments rising 22 percent to USD 10.2 billion.

The US, Japan, UK Brazil, South Africa, Mexico and Chile all made it to the top 10 investing countries in 2015.

Among developed countries, investment in Europe was down 21 percent, from USD 62 billion in 2014 to USD 48.8 billion in 2015, the continent's lowest figure for nine years despite record investments in offshore wind projects.

The US was up 19 percent to USD 44.1 billion, and in Japan investment was much the same as the previous year at USD 36.2 billion.

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