The International Energy Agency predicts that the market for these technologies will more than triple by 2030, to around $650 billion.
This boom will be reflected in increased employment in the sector, which will add around 8 million new jobs by 2030.
Reaching these numbers requires rapid investment growth. According to one estimate, the industry needs investments of around $80 billion per year between 2023 and 2030 if the world is to achieve zero emissions by the middle of this century. .
However, the road will not be without challenges, the most important of which is the high concentration of manufacturing currently in some countries.
For example, only 3 countries account for around 70% of manufacturing capacity for solar panels, wind turbines and electric car batteries.
Currently, countries are beginning to focus more and more on diversifying supply chains and localizing these industries as much as possible, a process that may not be difficult!
Clean energy technology manufacturing facilities need one to three years to come into production, which means that this industry has the opportunity to grow rapidly in countries that offer an environment conducive to investment.
The world is entering a new industrial era that will be no less significant than that which it has witnessed in the past, and it is an era that will reshape the landscape of the global economy, indeed the future of humanity in his outfit.
For her part, Jennifer Holmgren, CEO of Lanza Tech, believes that climate goals cannot be achieved without the use of climate technology.
She added that the technology needed to achieve climate goals is capturing carbon from the air, as well as using renewable energy sources, recycling and reusing carbon, and diversifying manufacturing sources. daily products.
Holmgren said she doesn’t prefer to talk about a deadline for meeting climate goals that extends to 2050, but rather thinks the deadline should be set until 2030.
“In fact, if we don’t start lowering the emissions curve in the next 5-10 years, reaching it by 2050 will be nothing more than a dream,” says the CEO of Lanza Tech.
She said the use of climate technology will help keep carbon out of the air, whether through sequestration, reuse or direct removal from the atmosphere.
And she pointed out, “If we don’t develop this technology, I don’t think we’ll be on track to meet the climate goals,” as she said.
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