Climate

Electric vehicles have achieved a notable milestone in 31 countries, accounting for 5% of new vehicle sales. This percentage is considered a key indicator for widespread adoption.

Recently, the US has imposed significant tariffs on an extensive range of Chinese imports, including clean technology products like electric vehicles, solar panels, and batteries, along with essential healthcare items such as needles, surgical gloves, and other PPE equipment.

Cumulative battery energy storage capacity reached 90GW in 2023 led primarily by China, US and Europe, an increase from 48.8GW in 2022. This week we also spotlight inaugural Puerto Rico Impact 50 list.

In 2022, the global volume of agreements for Sustainable Aviation Fuel (SAF) soared by 135%, reaching 21.7 billion liters. United Airlines emerged as the leader in SAF procurement, acquiring a remarkable cumulative total of 14.3 billion liters, securing its position at the forefront.

Chinese battery manufacturers increased their share to 58% in the global market last year, driven by rising demand. CATL and BYD now control half of this market, solidifying China's grip in a sector crucial for the next 2-3 decades as the world races towards net zero goals.

Europe surpassed China to claim the top spot as the biggest importer of liquefied natural gas (LNG) amid its transition away from Russian gas. Natural gas is crucial for heating and cooling in Eastern European nations, particularly due to unpredictable weather patterns.

In 31 countries, electric vehicle adoption has reached a significant milestone, with EVs constituting 5% of new vehicle sales. This is a key indicator of mass adoption. This week, we also spotlight the 2023 South Asia Climate Tech 100, highlighting the region's most promising startups.

Agriculture accounts for 26% of total global emissions. The livestock and fisheries sectors are the largest contributors, responsible for 31% of agricultural emissions. Smart farming is emerging as a powerful solution to combat these impacts.

Australia accounts for 45% of global lithium supply, with Chile coming second, accounting for 28%. The landscape is undergoing a dynamic shift as efforts are made to diversify markets and lessen dependence on dominant suppliers.

Corporations increased their clean energy purchases in 2023 to reach a record of 46GW of solar and wind contracts in 2023, representing a 12% increase from 2022. This week, we also spotlight the 2023 Europe Climate Tech 200.

Geothermal Energy, harnessed from natural heat radiating from the planet's core, increased by 208MW in 2023 to reach 16.3GW in installed capacity. This week, we also focus on the 2023 North America Climate Tech 200.