🎓 1.1M Singaporeans Held University Degrees. Solar & Wind Connection Queues. >50% of AI Drug Startups.
Chart of the Day #269 looks at Education Qualifications in Singapore, Renewable Energy Projects, and AI Drug Discovery Startups
Yia sas 🏛️
In 2024, renewable energy accounted for 86% of China’s newly installed power capacity, while its total share of installed capacity reached a record 56%, according to recent data.
Today's Topics
🎓 Education Qualifications. 1.1M Singapore adults held university degrees in 2022
💡 Renewable Energy. 2.5TW of solar & wind projects awaited connection in 2022
💊 Drug Discovery. >50% of AI drug discovery startups based in the US
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🎓 1.1M Singapore Adults Held University Degrees in 2022
Singapore's focus on a knowledge-based economy has led to rising university attainment, with 1.12M adults holding degrees in 2022. Government initiatives, global university partnerships, and a skills-driven job market drive this trend, while lower secondary education rates (0.65M) highlight generational shifts in access to higher learning.
💡 2.5TW of Solar & Wind Projects Awaited Connection in 2022
Grid bottlenecks are delaying over 2.5TW of solar and wind projects globally. Rapid renewable expansion outpaces infrastructure upgrades, causing long queue times. Policy shifts, storage advancements, and grid modernization efforts are critical to easing these constraints and integrating record-high solar (1.78TW) and wind (1.11TW) capacities.
💊 >50% of AI Drug Discovery Startups Based in the US
AI-driven drug discovery is increasing in the US, with 55% of such startups based there in 2023. This dominance is fueled by strong biotech funding, AI advancements, and collaborations between pharma and tech firms. Europe (20%) and the UK (10%) trail, reflecting varied regulatory landscapes and investment levels.
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