International Energy Agency – Energy Technology Perspectives 2024

The International Energy Agency's "Energy Technology Perspectives 2024" report provides an in-depth analysis of the evolving role of manufacturing and international trade in advancing global energy transitions. The report focuses on six key mass-manufactured clean energy technologies: solar photovoltaics, wind turbines, electric vehicles, batteries, electrolysers, and heat pumps. It projects that, under current policy settings, the global market for these technologies is set to rise from $700 billion in 2023 to more than $2 trillion by 2035, approaching the value of the world's crude oil market in recent years. The analysis emphasizes the importance of developing secure and resilient supply chains to support this growth and highlights the economic opportunities associated with manufacturing clean energy technologies. Additionally, the report examines the role of trade in shaping the future energy landscape and provides a comprehensive framework for policymakers to navigate the complex dynamics of clean energy manufacturing and trade.