Abstract:

Clean technology manufacturing is at the core of efforts to meet the world’s climate, energy security and economic development goals. Deploying clean energy technologies at the pace required to put the world on a trajectory consistent with net zero emissions by mid-century will demand rapid expansion in manufacturing capacity, underpinned by secure, resilient and sustainable supply chains for their components and materials. The report provides a targeted update on recent progress in clean energy technology manufacturing in key regions. Covering five technologies – solar PV, wind, batteries, electrolysers and heat pumps – that will be critical to the energy transition, the analysis is focused on the areas of supply chains that are showing the greatest dynamism in response to recent policy and industrial strategy developments. The analysis also takes into account the latest updates of the IEA’s Net Zero Emissions by 2050 Scenario, published in September 2023, when examining progress towards climate goals.