Climate

Despite significant growth in coal consumption over the past five years, China expects to reach a peak by 2025, followed by a decline. This week we also highlight our Indo-Pacific Climate Tech 100

EV share of new vehicle sales decreased to 7.3%, down from 8.1% in the previous quarter as range anxiety, lack of charging infrastructure, and economic uncertainty slowed down sales growth rates. This week we also highlight our Indo-Pacific Climate Tech 100.

The installed capacity of solar PV is set to reach 7TW by 2035, predominantly led by the APAC region. The market grew from a cumulative installed capacity of 227.4 GW in 2015 to 1.48 TW in 2023. This week we also highlight our Indo-Pacific Climate Tech 100.

Global energy investment is set to exceed $2 trillion for the first time in 2024, exceeding fossil fuel investments. Investment in clean energy has been on an accelerated trend since 2020. This week, we also highlight the Indo-Pacific Climate Tech 100.

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.