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Contributor
Peter Levi
Head of Technology Supply Chain Unit. Peter Levi first joined the Energy Technology Policy Division of the IEA in 2016 and now leads the sectoral analysis of Industry within the Division. In this role he is focussed on the technologies and policies that can be employed to mitigate greenhouse gas emissions from energy-intensive sectors within industry – steel, cement, chemicals, aluminium and paper – as well as cross-cutting themes such as energy security, technology supply chains, innovation, hydrogen, carbon capture and electrification.
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Flagship report
Mar 2026
Energy Technology Perspectives 2026 Energy technology manufacturing and trade
Recent trends Global investment in manufacturing capacity for six clean energy technologies – solar photovoltaic (PV), wind, batteries, electric vehicles (EVs), electrolysers and heat pumps – dropped below USD 200 billion in 2024, down from nearly USD 220 billion in 2023. This downwards trend is estimated to have continued in 2025, mainly due to weaker solar PV and wind manufacturing investment in China. The United States and the European Union are estimated to have accounted for around 30% of global manufacturing investment combined in 2025, up from 15% in 2023, marginally increasing global supply chain diversification. After dipping in 2024, global trade in clean energy technologies recovered in…
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Contributor
Anders Hoffmann
IEA Governing Board Chair, Deputy Permanent Secretary, Ministry for Climate, Energy and Utilities, Denmark.
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Contributor
Tom Howes
Former Head of Energy and Environment Division. Tom Howes is the head of the Energy and Environment Division at the International Energy Agency (IEA). His work involves leading the division analysing carbon pricing and other energy and climate policies, promoting best practice with IEA countries, COP26 and UN and bringing all the IEA’s energy transition expertise and analysis on projections, technologies and policies to the support of successful COP outcomes.
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