2023 IEA report: Global clean energy tech manufacturing investment rises 70% to $200bn, with solar PV doubling and battery increasing by 60%.
The IEA reports a 70% rise in global investment in clean energy tech manufacturing in 2023, reaching $200bn. Solar PV manufacturing investment doubled, whilst battery manufacturing increased by 60%. This surge accounts for 4% of global GDP growth and aligns solar module manufacturing capacity with the IEA's net-zero emissions scenario for 2030. The report suggests a decrease in geographical concentration of battery manufacturing, with Europe and the US potentially accounting for 15% of global installed capacity by 2030.
May 06, 2024
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