International Energy Agency – Clean Energy Market Monitor

The International Energy Agency's "Clean Energy Market Monitor, November 2024" provides an in-depth analysis of global clean energy technology deployment and its implications for energy markets. The report highlights a 36% increase in solar photovoltaic (PV) additions in the first half of 2024 compared to the same period in 2023, with significant growth in China and the United States. Electric vehicle (EV) sales rose by 25%, while wind power capacity additions maintained the record levels seen in the previous year. However, heat pump sales declined by 10%, primarily due to reduced sales in Europe. The study also notes that clean energy transitions are accelerating in emerging markets and developing economies outside China, with a 100% increase in EV sales and substantial growth in solar PV capacity additions in India. Despite these advancements, the report emphasizes the need for supportive policies to address regional disparities and ensure a balanced global transition to clean energy.