In 2024, Japan leads in global RD&D investment in renewable energy sources. Despite a decrease of 0.87% in 2023, it remains ahead. Germany follows, showing an increase of 2.8% year-on-year. South Korea also grew modestly by 1.23%. Conversely, countries like Brazil and the Czech Republic saw significant declines of 27.71% and 20.17%, respectively. Norway experienced notable growth at 11.54%, while Estonia's investment dropped drastically by 63.26%. Over five years, trends indicate consistent expansion in some European and Asian countries, with mixed progress across others.
Future trends suggest potential growth in alternative energy RD&D focusing on regions with recent significant investments, like Norway. The need for diverse energy sources and sustainability commitments may drive increases in funding and technological development across other major economies.
Top countries in RD&D in Renewable Energy Sources Share by Country (Million US Dollars PPP = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 29.32 | 2023 | +1.35% | -0.87% | View data |
| 2 | 2 Germany | 21.01 | 2023 | +2.01% | +2.8% | View data |
| 3 | 3 South Korea | 12.97 | 2023 | +1.07% | +1.23% | View data |
| 4 | 4 United Kingdom | 11.77 | 2023 | +1.4% | -0.55% | View data |
| 5 | 5 Netherlands | 7.86 | 2023 | +12.07% | -2.27% | View data |
| 6 | 6 Norway | 6.62 | 2023 | +11.03% | +11.54% | View data |
| 7 | 7 Switzerland | 5.22 | 2023 | +1.53% | -5.29% | View data |
| 8 | 8 Brazil | 2.69 | 2023 | -45.66% | -27.71% | View data |
| 9 | 9 Finland | 2.32 | 2023 | +4.25% | -6.05% | View data |
| 10 | 10 Austria | 2.02 | 2023 | +3.47% | +0.5% | View data |
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