Global market for key clean technologies set to triple to more than $2 trillion over the coming decade as energy transitions advance - News - IEA

First -of-its-kind analysis shows complex interplay between energy, industrial and trade policies as countries seek to secure supply chains and economic opportunities.

Global market for clean technologies set to rise from $700 billion in 2023 to more than $2 trillion by 2035 .

Trade in clean technologies is also expected to rise sharply.

Around half of all maritime trade in clean energy technologies passes through the Strait of Malacca , which connects the Indian and Pacific Oceans .

This is significantly more than the roughly 20% of fossil fuel trade that passes through Strait of Hormuz .

More details on how the trade of clean energy technology could evolve can be found in the interactive trade explorer tool.