Clean technology, or cleantech, has become an increasingly important area of technology in recent years, with its role in reducing emissions and combating climate change seen as critical. The success of the global net-zero transition is dependent on the growth of these clean technologies, which includes a range of solutions such as renewable energy, electric vehicles, and carbon capture and storage. Investment in this industry has boomed worldwide, with a global cleantech race emerging between China, the U.S., and the EU. However, the scaling up of these clean technologies will need to accelerate at a much faster rate than they have been if climate targets are to be realized.
Investments in energy transition technologies worldwide from 2004 to 2023 (in billion U.S. dollars)
Further details: Visit original statistic Investments in energy transition technologies worldwide from 2004 to 2023 (in billion U.S. dollars)
Global investment in the energy transition, which focuses on the deployment of net-zero aligned technologies such as electric vehicles and renewable energy, has grown substantially in recent years. Having exceeded one trillion U.S. dollars for the first time in 2021, global energy transition investment has continued to rise, and jumped 17 percent in 2023 to hit a new record high.
Clean tech investmentsInvestments in the energy transition worldwide in 2023, by technology (in billion U.S. dollars)
Further details: Visit original statistic Investments in the energy transition worldwide in 2023, by technology (in billion U.S. dollars)
Electrified transportation and renewable energy are by far the largest areas of investment in the global energy transition, with each receiving more than 600 billion U.S. dollars in 2023. Together, these two sectors accounted for almost three-quarters of total energy transition investment that year. Nevertheless, electrified transportation investment has been growing at a faster rate than renewable energy, owing to the surge in global EV adoption.
Global renewable energy industryCapture capacity of operational commercial carbon capture and storage (CCS) facilities worldwide from 2010 to 2023 (in million metric tons per year)
Cleantech, or climate tech, is a very dynamic industry, with new findings and discoveries shaping focus areas. One of the hottest topics in the field today is carbon removal (CDR) technologies, which refers to the process of removing CO₂ from the atmosphere and durably storing it away for decades, centuries, or millennia. The IPCC has recently stated that CDR will be critical to achieve net-negative CO₂ emissions and addressing climate change.
Carbon capture and storageInvestments in the energy transition worldwide in 2023, by leading country (in billion U.S. dollars)
Further details: Visit original statistic Investments in the energy transition worldwide in 2023, by leading country (in billion U.S. dollars)
China is currently leading the global cleantech race, having outspent its competition and dominating the world’s manufacturing capacity for key transition technologies like wind systems and solar PV. China was by far the largest market for energy transition investment in 2023, accounting for almost 40 percent of the global total. There is expected to be fierce competition in the cleantech sector between China, the U.S., and the EU over the coming years as the race to net-zero intensifies.
Renewable energy in China
Statista offers information about the markets of various segments within the realm of the environmental technology industry, both from the perspective of technological development as well as the manufacturing of equipment. Financial information of the global leaders in the market is also included to provide a comprehensive overview of the industry.
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