Last year, Breakthrough Energy, Boston Consulting Group, and Third Way released groundbreaking analysis outlining a pathway for the US to secure advantages across 10 clean energy technologies and lead in the $130 trillion global clean energy market.
Our When America Leads report evaluates the entire value chain–from sourcing raw materials to the manufacturing process to product off-take– and matches our findings with policy recommendations so American companies can compete in these rapidly emerging global markets.
The Biden Administration has embraced a technology-inclusive clean energy agenda and is championing many of the policies we recommend to support and enable the private sector's transition to clean energy. Since the Inflation Reduction Act, we have seen $213 billion in actual new clean investment across the economy, representing a 37% jump from the previous year and a remarkable 165% rise from five years ago. In clean energy manufacturing alone, we’ve seen a huge surge in capital, a testament to the power of government support on market confidence. Here’s a quick snapshot:
- Critical mineral production has seen a $1.95 billion investment in the last year, a 130% increase from the previous year.
- Solar manufacturing has seen a $2.1 billion investment in the last year, an 189% jump from the previous year.
- Zero-emissions vehicles saw $7.7 billion in investment in the last year, a 33% increase from the previous year.
The investment levels we’ve seen in the last year are staggering, and our When America Leads analysis finds that at least another $500 billion will be invested within the decade, creating well-paying jobs, bolstering economies, and putting American businesses and workers in a better position to compete in global markets.
This resurgence in American manufacturing is not just revitalizing our economic landscape, it’s reigniting a distinct sense of national pride as we build more clean technology right here at home.
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