A report completed by the United Nations Environment Program and London-based Bloomberg New Energy Finance on July 8 noted that global investment in renewable energy jumped 32 percent in 2010 from the previous year, to a record $211 billion. The report entitled, “Global Trends in Renewable Energy Investment 2011,” indicated that China led the surge by investing nearly $50 billion. The largest gains were recorded in wind farms in China and small-scale solar panels on rooftops in Europe. Also, smallscale distributed capacity investments rose 132 percent to $34 billion in Germany, 59 percent to $5.5 billion in Italy, 150 percent to $2.7 billion in France, and 163 percent to $2.3 billion in the Czech Republic. The European boom occurred in part to guaranteed, above-market feed-in tariffs and a sharp fall in the cost of photovoltaic modules.