IEA reports clean energy investment promotes economic growth
811 
June 4, 2024, 1:59 PM Recently, a report released by the International Energy Agency (IEA) on promoting the development of clean energy technologies stated that the surge in clean energy investment, especially in solar power generation and battery production, has become a powerful driving force for global economic development.
The report pointed out that in 2023, investment in the development of the world's five key clean energy technologies (photovoltaic power generation, wind power, batteries, electrolyzers, and heat pumps) will reach US$200 billion, an increase of more than 70% over the previous year. Among them, investment in photovoltaic power generation has more than doubled, investment in battery production has increased by about 60%, and photovoltaic power generation module production capacity has met the production capacity required in 2030 under the IEA net-zero emission scenario.
According to the IEA, China currently accounts for more than 80% of global photovoltaic power generation module production capacity, and China is also the lowest-cost producer of all clean energy technologies.
The report also provides guidance for policymakers when developing industrial strategies focusing on clean energy production. Source: Sinochem New Network