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The industrial age is coming to an end, our world is entering the era of the production of renewable energy technologies, assures the International Energy Agency. The latter published Thursday, January 12 its annual report on the technological perspectives of energy. In a report of more than 400 pages, the IEA scans the opportunities, profitable strategies and risks for States and investors in the sector.
The International Energy Agency estimates this market at 650 billion dollars by 2030. Millions of jobs might be created, and this is good news for the fight once morest climate change, according to Fatih Birol, the director of the AIE: Technologies mature enough to be implemented, all investments in green energy technology projects combined, equal two-thirds of the investments we need to reach our net zero goal. »
The agency also points out the risks with regard to the energy crisis in Ukraine. Be careful not to bet on a single energy resource.
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The world is entering a new industrial age – the age of clean energy technology manufacturing.
This will create new markets worth hundreds of billions of dollars & millions of jobs this decade.
Read more in Energy Technology Perspectives 2023 ➡️ https://t.co/5hCkHzko6R pic.twitter.com/aiEfQBANfs
— International Energy Agency (@IEA) January 12, 2023
Protect vulnerable populations
Another risk: the concentration of the production of artefacts such as solar panels or electric batteries, today mainly in China.
Fatih Birol also emphasizes the production of the minerals needed for these renewable energy technologies. ” When we look into this sector, we also see a major concentration, he explains. For example, the DRC produces almost 70% of the world’s cobalt. Only three countries in the world produce nearly 90% of lithium, a key material for electric batteries. »
The boss of the IEA still warns of the need for the development of renewable energies within the framework of good standards: it must not be done on the basis of polluting practices or to the detriment of vulnerable populations.
