The International Energy Agency predicts that the global market for clean energy technologies, such as solar panels and electric vehicles, will triple in seven years.
The IEA said in its report on Thursday that the market will be worth around 650 billion dollars a year by 2030. That's more than three times as much as today's level.
It said by that year the related clean energy manufacturing jobs would more than double to nearly 14 million.
At the same time, the agency pointed out the current high geographic concentrations of resource mining and processing as well as technology manufacturing.
The agency said Australia, Chile and China account for more than 90 percent of the global production of lithium, an essential material for EV batteries.
It also said China dominates the manufacturing of solar panels, EV batteries and components of wind power generators.
The report said buyers that depend on a single country or trade route risk paying a heavy price if it is disrupted, citing Europe's reliance on Russian gas.
It said the world would benefit from "more diversified clean technology supply chains." The agency called for fair competition by many economies around the world to drive an expansion of clean technology manufacturing.
The IEA said in its report on Thursday that the market will be worth around 650 billion dollars a year by 2030. That's more than three times as much as today's level.
It said by that year the related clean energy manufacturing jobs would more than double to nearly 14 million.
At the same time, the agency pointed out the current high geographic concentrations of resource mining and processing as well as technology manufacturing.
The agency said Australia, Chile and China account for more than 90 percent of the global production of lithium, an essential material for EV batteries.
It also said China dominates the manufacturing of solar panels, EV batteries and components of wind power generators.
The report said buyers that depend on a single country or trade route risk paying a heavy price if it is disrupted, citing Europe's reliance on Russian gas.
It said the world would benefit from "more diversified clean technology supply chains." The agency called for fair competition by many economies around the world to drive an expansion of clean technology manufacturing.
Similar Readings (5 items)
IEA: Demand for fossil fuels to peak by 2030
IEA: Global power demand to surge, securing sources key challenge
Clean energy investment is now nearly 2x that of fossil fuels – here’s why
Report: 2023 a Big Year for Renewable Energy
Report: 2023 a Big Year for Wind Energy Projects
Summary
International Energy Agency forecasts global clean energy market tripling to $650 billion annually by 2030. This growth is projected to generate over 14 million clean energy manufacturing jobs worldwide. However, the report highlights concerns about geographic concentrations in resource mining,
Statistics
203
Words1
Read CountDetails
ID: e7db04b9-d4f6-4abd-8548-0f88eb582b9e
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230113_06/
Date: Jan. 13, 2023
Created: 2023/01/13 15:55
Updated: 2025/12/09 09:06
Last Read: 2023/01/13 16:30