The world ‘is on the daybreak of a brand new industrial age,’ IEA says

The world ‘is on the daybreak of a brand new industrial age,’ IEA says


Wind turbine blades photographed at a facility in China’s Hebei Province on July 15, 2022. The world’s second largest economic system is a significant pressure in applied sciences essential to the deliberate power transition.

VCG | Visual China Group | Getty Images

The world is shifting into “a brand new age of fresh expertise manufacturing” that might be price a whole bunch of billions of {dollars} per yr by the tip of the last decade, producing tens of millions of jobs within the course of, in accordance with a brand new report from the International Energy Agency.

Published Thursday morning, the IEA’s Energy Technology Perspectives 2023 report — which referred to “the daybreak of a brand new industrial age” — regarded on the manufacturing of applied sciences together with wind generators, warmth pumps, batteries for electrical autos, photo voltaic panels and electrolyzers for hydrogen.

In a press release accompanying its report, the IEA mentioned its evaluation confirmed that “the worldwide marketplace for key mass-manufactured clear power applied sciences” can be price roughly $650 billion per…

2023-01-12 01:39:15 The world ‘is on the daybreak of a brand new industrial age,’ IEA says
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