Countries are racing to capitalise on the benefits of clean technology manufacturing such as economic security, employment and the resilience of a clean energy transition. Investment into clean technology manufacturing is becoming significant enough to register in broader macroeconomic data. Virtually no clean technology manufacturing takes place in Africa today. Outsized effect of solar PV on clean technology manufacturingThis first of its kind analysis shows that investment in clean technology manufacturing was around $200 billion in 2023. “India, Japan, Korea and Southeast Asia made up most of the remaining share, with virtually no manufacturing investment taking place in either Africa or Central and South America.”Clean technology manufacturing is growing to meet net-zero needsNear-term momentum for clean technology manufacturing is looking strong.

Source: The North Africa Journal May 07, 2024 15:22 UTC