California is losing its edge over China and other countries when it comes to being the global innovator of clean technology.

A new reported released Wednesday by the Bay Area Council Economic Institute shows that California will fall behind if state leaders hijack current climate policies.

According to the analysis, California has attracted 70 percent of U.S. investment in clean tech and 50 percent of global investment.

In the second quarter of 2010 alone, clean tech investment totaled $1 billion.

The state, says the study, also leads the nation in clean tech jobs.

esherbert@sfexaminer.com