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.

Here is the list of the top 10 countries in renewable energy attractiveness.

No 10 United Kingdom

The Elizabeth Tower, which houses the Great Clock and the Big Ben bell, is seen above the Houses of Parliament, in London, August 14, 2017.(Image by IC)

No 9 Mexico

View of Cancun Beach, Mexico, Feb 9, 2014.(Image by IC)

No 8 Chile

Solar panels blanket the landscape at the Quilapilun solar park in Colina, Chile, July 19, 2017.(Image by IC)

No 7 Japan

A floating mega-solar power plant uses the reservoir of a dam, with water used for industrial purposes in Chiba, Japan, Oct 24, 2017.(Image by IC)

No 6 France

A street with photovoltaic panels is tested in Boulogne Billancourt near Paris, Aug 1, 2017.(Image by IC)

No 5 Australia

Australia's Prime Minister Malcolm Turnbull poses for a picture during a tour of the Tumut 3 power station at the Snowy Hydro Scheme in Talbingo, New South Wales, March 16, 2017.(Image by IC)

No 4 Germany

A boat drives through an offshore wind park in front of the East Frisian island Spiekeroog, Germany, July 27 , 2017.(Image by IC)

No 3 United States

Solar Impulse 2, a solar-powered airplane, flies over the Golden Gate Bridge in San Francisco, April 23, 2016, during a global navigation to promote clean energy and the spirit of innovation.(Image by IC)

No 2 India

An Indian security officer walks amid a rooftop solar plant in Gandhinagar, India, May 17, 2016.(Image by IC)

No 1 China

Aerial view of the world's second panda-shaped solar power station is seen in Guigang city, South China's Guangxi Zhuang autonomous region, Aug 5, 2017.(Image by IC)

(Source: China Daily)