International Energy Agency (IEA)’s Post

“Clean energy sectors remain central to China’s ambitions to achieve an economic transition.” Analyst Yunli Liu, CFA shares his Notes from the Road following a research trip to his home country where he met with more than 30 companies across 15 cities. 🔗 https://nty.one/3v8VE28 #91NotesFromTheRoad #China #sustainableinvesting #sustainableequities #investment #investing Investment involves risk; losses may be made. For professional investors only.

Good news, we can expect lower pricing for all Renew economy equipment from China as YUÀN weakens in 2024. Australia must now accelerate investment by closing all pending FID’s in Solar & Wind utility scale generation & storage projects. This will enable early closing of coal generation! Maintain higher regional employment development & increase skilled labour.

Reducing the Cost of Capital Strategies to unlock clean energy investment in emerging and developing economies Global clean energy investment has risen by 40% since 2020, reaching USD 1.8 trillion in 2023, but almost all the recent growth has been in advanced economies and in China.

For decades, concerns about oil shortages and climate damage have driven governments to invest in alternative energy sources. China has emerged as a dominant player, accounting for 85% of global clean-energy manufacturing investment in 2022. The challenge for other nations lies in catching up to China’s industrial prowess, which is supported by decades of experience, state intervention, and massive investments. https://lnkd.in/dmgRhbm8

China's economy soared to new heights in 2023, fueled by a remarkable surge in clean energy investments. With a record-breaking contribution of 11.4tn yuan ($1.6tn), the clean-energy sector played a pivotal role in China's economic growth, accounting for 40% of the GDP expansion. Solar power, electric vehicles, and batteries, collectively known as the 'new three,' took the lead in this clean energy revolution, attracting a 40% year-on-year increase in investment, reaching 6.3tn yuan ($890bn). This feat not only exceeded global investments in fossil fuels but also positioned China as a major player in the global transition towards sustainable technologies. #CleanEnergy #ChinaEconomicGrowth #SustainableFuture

Investments in the Future Made in Australia and Solar Sunshot are crucial to deliver competitive advantage to Australia's cleantech manufacturing sector. But somehow the criticisms have all been "this is a taxpayer funded exercise that is doomed to fail." Let's admit this: Australia needs to partner with other countries to make things. We're building submarines with our AUKUS partners, supporting Moderna to manufacture vaccines in Victoria and joining the US EXIM bank to fund critical minerals projects. We can't do these things on our own. About 80 percent or more of Australia's solar products are imported from China and in all honesty, we need them. It feels we're a bit risk adverse when we don't ask how we can collaborate with China to build our cleantech manufacturing industry. Perhaps its time to tap into the brains trust of all the Australian educated PV engineers who are doing great things in China to help Australia with our cleantech manufacturing ambitions. https://lnkd.in/gz9UJnaM

A new analysis by Carbon Brief reveals that the clean-energy sectors, encompassing low-carbon power, grids, energy storage, EVs, and railways, have not only contributed a staggering 11.4 trillion yuan ($1.6 trillion) to China's economy but have also been the driving force behind the nation's economic growth—40% of the GDP expansion—outpacing all other sectors. China's clean energy boom, led by the "new 3" industries of solar power, EVs, and batteries reached a total investment of 6.3tn yuan ($890bn). 👉This figure nearly matches global investments in fossil fuel supply for the entire previous year, equivalent to the economies of Switzerland or Turkey.

How China Pulled So Far Ahead on Industrial Policy: The United States and Europe are trying to catch up to a rival skilled in using all the levers of government and banking to dominate global manufact... https://lnkd.in/d9J-dUtA

If all its currently planned #power plants are built, #Africa could be a global leader in clean energy. Mobilizing Investment for Clean #Energy in Emerging Economies is a World Economic Forum initiative to scale clean energy finance in emerging markets. Learn more: https://ow.ly/kPi250R1n0x

Clean energy, how are you making this move?