- There was a $239 billion investment in clean energy, vehicle, building electrification, and carbon management tech in 2023, which is 38% more than in 2022.
- Investment in clean energy and transportation reached a new high in Q4 of 2023, at $67 billion.
- The manufacturing sector experienced a significant surge with $156 billion in new investments, particularly in electric vehicle supply chain and solar manufacturing.
- The Energy and Industry sector has seen a 55% increase with almost $250 billion in investments, emphasizing solar PV, grid-connected storage, and emerging climate technologies.
- The retail sector has seen a 17% increase with $118 billion invested in zero emission vehicles, heat pumps, distributed renewables, fuel cells, and energy storage systems.
The 2023 Clean Investment Monitor (CIM) by Rhodium Group and MIT CEEPR reveals a groundbreaking $239 billion influx of investments in clean energy, clean vehicle, building electrification, and carbon management technologies throughout 2023, showcasing a monumental leap forward in sustainable solutions deployment.
Manufacturing Sector Surge:
The manufacturing sector has seen an impressive $156 billion in fresh investments over the span of 2022 and 2023, reflecting a 165% increase compared to the preceding two years. This surge highlights a notable emphasis on the electric vehicle supply chain and solar manufacturing facilities.
Energy and Industry:
The Energy and Industry sector has seen a commendable 55% increase in investments, totaling nearly $250 billion during the same period, with solar photovoltaic (PV) and grid-connected storage technologies dominating, alongside emerging climate technologies such as clean hydrogen and sustainable aviation fuels.
Retail Sector Resurgence:
The Retail sector has experienced a notable surge, with American businesses and households investing $118 billion in 2023, marking a 17% uptick from the previous year. Notably, zero emission vehicles (ZEVs) garnered significant investments, along with distributed renewables, fuel cells, and energy storage systems, representing a holistic approach towards decarbonizing the economy.
In conclusion, the 2023 Clean Investment Monitor highlights an important moment in the shift towards a sustainable future. With record-setting investments in manufacturing, energy, and retail, the United States is ready to lead the way towards a greener, stronger economy. As stakeholders continue to prioritize sustainability and innovation, these investments will not only boost economic growth but also set the stage for a cleaner and healthier planet for future generations.
