According to the International Energy Agency (IEA), the world is entering a new era of clean energy technology manufacturing. Good news for meeting our climate change goals!!
For the IEA, this the dawn of a new industrial era based on clean energy technology manufacturing. This “revolution” is creating new markets and millions of jobs.
The IEA calculate that the global market for key clean energy technologies will be worth approximately $650 billion annually by 2030. This is more than triple its current value. Examples of these technologies are: solar panels, wind turbines, electric vehicle batteries, electrolyzers, etc.
The latest edition of IEA’s Energy Technology Perspectives (ETP) is the first global guide to the clean-tech industries of the future. It shows that manufacturing jobs in these sectors would more than double. The will increase from 6 million today to nearly 14 million by 2030.
The report also provides an analysis of the risks and opportunities surrounding clean energy technology supply chains. It highlights how current supply chains in mining, processing and resource manufacturing are highly concentrated geographically. With the rising prices of these same technologies in recent years, the world is already beginning to see the risks that narrow supply chains can pose to affordable and secure clean energy transitions.
Take a look at the executive summary of the report or explore the full report.
You can check the video of the presentation of the Energy Technology Perspectives 2023:
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