The International Energy Agency (IEA) has released its “Advancing Clean Technology Manufacturing” report, which finds that global investment in the manufacturing of PV, wind, batteries, electrolysers and heat pumps rose to $200 billion last year, a 70% increase from 2022.
Spending on PV manufacturing more than doubled last year, while investment in battery manufacturing rose by 60%, the report further finds. Around 40% of investments in clean energy manufacturing in 2023 were in facilities that are due to come online this year. For batteries, this share rises to 70%.
“Record output from solar PV and battery plants is propelling clean energy transitions, and the strong investment pipeline in new facilities and factory expansions is set to add further momentum in the years ahead,” says Fatih Birol, IEA executive director.
“While greater investment is still needed for some technologies, and clean energy manufacturing could be spread more widely around the globe, the direction of travel is clear. Policy makers have a huge opportunity to design industrial strategies with clean energy transitions at their core.”
Clean energy manufacturing is still dominated by a few regions. China, for example, is currently home to more than 80% of global PV module manufacturing capacity.
The report, produced in response to a request from G7 leaders last year, is meant to provide guidance for policy makers as they prepare industrial strategies focused on renewables manufacturing.
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Clean Energy Manufacturing Investments Supporting Growth, IEA Report Says
The reason that the MAGA base supports Trump never was rooted in personal gain, whether that meant income, healthcare, or God knows, education. Yes, they got shafted by the rising cost of living, but they never suffering anything like what’s happening the American farmer.
From AI:
- Deepening Deficits: The American Farm Bureau Federation projects that crop farmers will lose roughly $31 billion and face another $32 billion in losses.
- Negative Returns: Major row crops like corn, soybeans, wheat, and cotton are operating well below breakeven.
- Rising Debt: Total farm debt has climbed to record highs near $560 billion, straining producers who also face high interest rates and inflation for seeds, fuel, and fertilizer.
- Export Disruptions: Retaliatory tariffs from trading partners like China have severely cut into U.S. soybean and corn exports.
- Beef and Rancher Backlash: Administration moves to temporarily lift tariffs on foreign beef imports to lower grocery store prices have angered domestic ranchers and farm bureaus who fear being undercut during a historic low in cattle inventory.
Capping all this off is Trump’s allowing hundreds of millions of pounds of ground beef to be imported with zero tariffs.
Trump’s first term didn’t make him any friends with U.S. generals and admirals. He followed up his referring to our soldiers as “suckers” and “losers” with pardoning someone who had been convicted in military court of a war-crime.
Yet it is his second term that has really propelled him into infamy. Here we have:
Iran, Venezuela, deployments of National Guard troops in Democratic-led cities, destroying America’s confidence in democracy by repeating the lie that the 2020 election was rigged, renaming the Department of Defense and appointing an alcoholic Fox News host to run it, threatening to invade Greenland and Canada, the destruction of relations with our historic allies, his usurpation of power delegation to the Constitution to congress, appointing his personal attorney to the Department of Justice, ignoring the national security implications that accompany climate change, damaging America’s business interests with huge tariffs, and buddying up to world tyrants like Putin and Kim Jong Un.
The Top People in the U.S. Military Oppose Trump on All Major Issues
Well, they were far more likely to be hospitalized and to die by drowning in their own pus and blood that built up in their lungs.
Doesn’t sound pleasant. Not sure I’d call it “nothing.”
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