Teo Lombardo
@teolombardo.bsky.social
Analyst on batteries and transport at the International Energy Agency.
Chemist, passionate by learning, interested in energy, politics, history, economy, physics, biology and a bunch of other cool stuff.
Opinions are my own.
Chemist, passionate by learning, interested in energy, politics, history, economy, physics, biology and a bunch of other cool stuff.
Opinions are my own.
60% of the global traded value pass by at least one of the 10 main chokepoints, with the Strait of Malacca alone accounting for over 30% of traded oil (in value-terms) over half for clean energy technologies, and roughly 20% of critical minerals.
November 19, 2024 at 6:55 PM
60% of the global traded value pass by at least one of the 10 main chokepoints, with the Strait of Malacca alone accounting for over 30% of traded oil (in value-terms) over half for clean energy technologies, and roughly 20% of critical minerals.
4) 🚢🚢🚢 But international trade could not be possible without its backbone: shipping.
November 19, 2024 at 6:55 PM
4) 🚢🚢🚢 But international trade could not be possible without its backbone: shipping.
... net imports of clean energy technologies, one-third of which come from China, reach $140 billion in 2035, which is offset by the gains from lowering the fossil fuel import bill.
November 19, 2024 at 6:55 PM
... net imports of clean energy technologies, one-third of which come from China, reach $140 billion in 2035, which is offset by the gains from lowering the fossil fuel import bill.
International trade will also support this growth, with the value of traded clean tech set to triple to $575 billion by 2035, over 50% higher than the value of natural gas trade today.
November 19, 2024 at 6:55 PM
International trade will also support this growth, with the value of traded clean tech set to triple to $575 billion by 2035, over 50% higher than the value of natural gas trade today.
2) 💲💲💲 The market value of clean technologies is expected to soar rapidly, from $0.7 trillion in 2023 to $2.1 trillion in 2035 under current policy settings, close to the value of today's crude oil market.
November 19, 2024 at 6:55 PM
2) 💲💲💲 The market value of clean technologies is expected to soar rapidly, from $0.7 trillion in 2023 to $2.1 trillion in 2035 under current policy settings, close to the value of today's crude oil market.
But industrial and trade policies also play a big role. For example, the Inflation Reduction Act (IRA) makes battery (cell) production costs in the US about 10% lower compared to China, down from about 40% higher without the IRA.
November 19, 2024 at 6:55 PM
But industrial and trade policies also play a big role. For example, the Inflation Reduction Act (IRA) makes battery (cell) production costs in the US about 10% lower compared to China, down from about 40% higher without the IRA.
1) 🏭🏭🏭 Fundamentals matter. Production cost, access to skilled workforce and integrated supply chains are major determinants of where technologies are produced.
November 19, 2024 at 6:55 PM
1) 🏭🏭🏭 Fundamentals matter. Production cost, access to skilled workforce and integrated supply chains are major determinants of where technologies are produced.