The world of energy is holding on to the beginning of a new industrial age — an era of clean energy technology production that offers major new markets and millions of businesses, and raises new risks, prompting countries around the planet to develop industrial strategies to get a job in the new global energy economy, according to a major new iea report.
Energy technology perspectives 2023, the latest edition of iea's most serious flagship series, serves as the world's leading global guide to the cleantech industries of the future. It presents a multi-pronged assessment of the global production of environmentally sound energy technologies today, and among them solar panels, wind turbines, batteries for electric vehicles, electrolysers for hydrogen and heat pumps, that supply chains throughout the earth, and among other things shows that they are able to develop during the transition to natural activity in the next ten years.
The analysis shows that by 2030 the world of key technologies for mass production of good and clean energy will be about 650 billion us dollars per year - more many times higher than today's level, if the powers of the world fully fulfill their announced commitments in the field of energy and climate. Related jobs in the production of good and clean energy will more than double from six million today to almost 14 million by 2030, and further growth rates in production and employment are expected over the coming decades.
At the same time, the existing supply chains of eco-energy technologies are associated with dangers in the form of a high geographical concentration of extraction and disposal costs, and manufacturing technologies. And for these equipments, such as solar panels, wind batteries, batteries for electric vehicles, electrolyzers and heat pumps, therefore, the share of the 3 leading manufacturing countries accounts for at least 70% of industrial capacities for all technologies, and in absolutely all of them dominated by china. Meanwhile, all the extraction of the most important minerals is concentrated in a small number of countries. For example, the democratic republic of the congo produces over 70% of the foreign production of cobalt, and only 3 countries - australia, chile and china - account for most of the % of the world authorship of lithium.
The world already sees the risks associated with tight supply chains, which eventually led to higher prices for environmentally sound energy practices, making the transition of states to environmentally friendly energy more difficult and criminal. Rising prices for cobalt, lithium and nickel led to the first-ever increase in the price of batteries for electric vehicles, which in 2022 jumped by almost ten% in the world. The cost of wind turbines outside of china has also been rising after two to three years of decline, and other trends can be seen. Manifests itself in solar photovoltaic energy.
“The iea emphasized almost 2 years ago that a new global energy economy is rapidly emerging. Today, such a fact has become the main pillar of the economic strategic approach and our country must refer to it as being able to benefit from the features and overcome the troubles. I mean the new markets for plant energy technologies worth many billions of dollars, and on top of that, about millions of new cases,” said fatih birol, executive director of the iea. “The encouraging news is that the global portfolio of solutions for the manufacture of environmentally pristine energy technologies is large and growing. If absolutely everything that is announced in the current realities is built, the investments directed into the process of environmentally sound energy technologies will provide many of the food that is required to bring zero emissions to life. The current momentum is bringing consumers closer to our international goals in the energy and climate niche, and almost certainly not everyone.”
“At the same time, the world will benefit from more diversified high-quality technology supply chains”— added dr. Birol. “As people have seen with the example of europe's dependence on russian gas, when the client is very dependent on the first organization, one russia or one trade route, you can pay a significant amount of interruptions. So i applaud that at the moment most of the nations of the world are vying for something to become leaders in fresh energy accounting and promote the expansion of eco-equipment production in the race to net zero.But it is important that such rivalry be fair and that there be a healthy degree of international partnership, since no state remains an energy island, and the energy transition will be much more costly and slow if states do not work together.”
The report notes that leading economies are integrating their climate, energy and industrial policies into broader strategies for their economies. A relevant example of this is the act to reduce inflation in america, only in the european union there is still a "consent by 55" package and a repowereu plan, the "green transformation" program in the land of the rising sun and the procedure for stimulating a country house or dacha in india, which encourages production solar energy. Photovoltaic panels and batteries, and china is working to even exceed the targets of its latest five-year plan.
Meanwhile, clean energy developers and investors are scathingly on policies that could give them a competitive edge. Advantage. The relatively short timeframe for commissioning industrial capacity for supply, by eye no less than one to three years, means that the portfolio of projects can expand within a few seconds in circumstances favorable for investment. According to the report, only 25% of the world's announced solar pv production activities are under construction or are about to begin. This number is less than 35% for electric vehicle batteries and a minimum of tens for electrolyzers. Government policies and market promotions are poised to have an unimaginable impact on where the rest of these projects end up.
Against a backdrop of regional ambitions to expand production, etp-2023 highlights the important role international trade plays in supply chains clean energy technologies. This indicates that almost 60% of solar photovoltaic modules produced in the world are sold to the european union. Trade is very important for electric vehicle batteries and wind turbine components, despite their bulkiness, but china has now become a major net exporter.
The report also highlights the specific challenges associated with critical minerals, useful for various energy technologies, noting the long development time of new deposits and the need for strict environmental, https://keycodesoftware.com/ commercial and management standards. Given the unequal geographic distribution of critical mineral resources, international partnerships and strategic partnerships will become essential for security of supply.