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Global market for clean energy technologies
November 13 , 2024
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- This is a first of its kind study by the International Energy Agency (IEA).
- The global market for clean energy technologies is set to rise from $700 billion in 2023 to more than $2 trillion by 2035.
- It includes solar PV, wind turbines, electric cars, batteries, electrolysers and heat pumps.
- This value is close to the value of the world’s crude oil market in recent years.
- China, the European Union, the United States and India have made the large investments in this sector
- China is set to remain the world’s manufacturing powerhouse for the foreseeable future of clean technologies.
- The cost of climate technologies production is 40% more than China in the United States, up to 45% more in the European Union, and up to 25% more in India.
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