What happened in the cleantech space in the first half of 2021? INN looks at trends and what’s ahead for the sector.
Click here to read the previous cleantech market update.
The green energy transition has gathered pace in the past year, and as governments continue to announce measures to fight climate change, investor interest in cleantech has increased.
Cleantech spans several industry verticals, including renewable energy generation, energy storage, energy efficiency, transportation, air and environment, clean industry, water and agriculture.
With the second half of 2021 now in full swing, the Investing News Network (INN) spoke to a number of experts in the cleantech field to discuss their outlook for the market. Here’s what they had to say.
Germany, which leads clean power initiatives in the EU, ranked second.
“Onshore wind, offshore wind and solar PV are set to account for over 80 per cent of all new power generation capacity additions globally to 2030,” said Eduard Sala de Vedruna, executive director of global clean energy technology and renewables at IHS Markit.
“While the lion’s share of 2020 capacity additions came from just two markets –China and the United States – close to 50 markets recorded double-digit growth in the past year, he added.
Oil majors in the US are facing increasing scrutiny as Mr Biden’s administration continues to push for a transition to cleaner sources of energy in a bid to lower emissions. It has frozen new exploration activities on federal lands and has brought the US back to the Paris Agreement, which seeks to limit emissions to below 2°C above pre-industrial levels, preferably about 1.5°C.
IHS Markit: Rankings show U.S. already worldâs most attractive renewables investment market By IHS Markit on 5/5/2021
As the Biden Administration aims to significantly increase federal investment in renewable energy under the American Jobs Plan, the United States already ranks as the most attractive market for renewables investment, according to results from a new ranking by IHS Markit.
The IHS Markit Global Renewables Markets Attractiveness Rankings, which tracks attractiveness for investment for non-hydro renewables (offshore wind, onshore wind and solar PV), placed the U.S. first for the period ending December 2020. The U.S. claimed the spot on account of sound market fundamentals and the availability of an attractive â though phasing down â support scheme.