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IEA: Global clean tech market set to be worth $2tr a year by 2035.

 Business Green 30th Oct 2024

The global market for clean technologies such as solar panels, wind
turbines, and electric vehicles (EVs) is set to triple to more than $2tr a
year over the next decade, eclipsing the value of the oil and gas markets
in the process, according to the International Energy Agency (IEA).

In a “first of its kind” analysis today, the IEA estimates the global market for
six leading mass-manufactured clean technologies – solar PV, wind turbines,
EVs, batteries, heat pumps, and green hydrogen electrolysers – is set to
surge in the coming years.

The report estimates that based on today’s
policy settings the global market for these technologies is set to rise
from $700bn in 2023 to more than $2tr by 2035, which would put it on a
similar level to the value of the global crude oil market in recent years.
https://www.businessgreen.com/news/4374453/iea-global-clean-tech-market-set-worth-usd2tr-2035

November 3, 2024 - Posted by Christina Macpherson | business and costs, renewable