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.
The post Clean Energy Manufacturing Investments Supporting Growth, IEA Report Says appeared first on Solar Industry.
Clean Energy Manufacturing Investments Supporting Growth, IEA Report Says
I see.
There’s not enough land in Spain to support rooftop and ground-mounted solar at a fraction of the cost.
LOL.
It’s possible that right now, there are other civilizations observing the human race, studying us from afar, and noticing our decline into savagery and eventual extinction by turning billionaires into trillionaires.
People say that the principal weakness of human beings is that we can’t plan for the future as a species. Dogs are arguably even worse, though they aren’t consumed with greed. They don’t plot the starvation of millions of other dogs so they themselves can have enough food to last a billion years.
As an elderly man, I’ll be leaving this planet soon, but I won’t cease pondering this until my heart stops beating.
The drawing here reminds me of a conversation I had with my mother in the early days of 2GreenEnergy when she saw that my focus had become an ongoing effort to improve the wellbeing of all the planet’s inhabitants–now and into the future.
She asked me, “Why don’t you just live your life?”
I explained, “This is my life.”
-
Climate Change10 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases10 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Renewable Energy8 months agoSending Progressive Philanthropist George Soros to Prison?
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits
-
Greenhouse Gases11 months ago
嘉宾来稿：探究火山喷发如何影响气候预测