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# 💷 70% HE Tuition Fee Growth. +35% Geothermal Capacity. EU Recycling.
- URL: https://newsletters.qs.com/70-he-tuition-fee-growth-35-geothermal-capacity-eu-recycling/
- Published: 2024-06-27T11:16:16.000Z
- Updated: 2024-06-27T11:16:15.000Z
- Description: Chart of the Day #124 looks at Higher Ed Income, Geothermal Energy and Recycling.
- Author: QS
- Tags: Charts

[**Annyeonghaseyo**](https://en.wiktionary.org/wiki/%EC%95%88%EB%85%95%ED%95%98%EC%84%B8%EC%9A%94?ref=newsletters.qs.com)👋

China Southern Power Grid, a state-owned grid company, is planning to [increase its capital expenditure by 23.5% to $24 billion in 2024](https://www.scmp.com/business/china-business/article/3267968/chinas-power-grid-equipment-makers-see-boom-ahead-beijing-underscores-renewables-push?ref=newsletters.qs.com), aligning with Beijing's strategic push for renewable energy sources. The state of California is [launching the first phase of its Cradle-to-Career Data System](https://edsource.org/2024/california-prepares-to-launch-first-phase-of-new-education-data-system/714348?ref=newsletters.qs.com), which will provide resources for students planning their educational and career paths.

### Today's Topics

💷 **Higher Ed Income.** £11.5B growth in UK’s tuition fee income since 2014  
♨️ **Geothermal Energy.** 35% growth in global geothermal energy capacity  
♻️ **Recycling.** Belgium leads EU in packaging waste recycling

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## 💷 £11.5B Growth in UK’s Tuition Fee Income Since 2014

[![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/06/HolonIQ_Income_of_higher_education_providers_in_the_United_Kingdom_by_category_2014_2022_Billions_GBP_HCHI97TS9DWN5F84E6EQ.png)](https://index.holoniq.com/charts/HCHI97TS9DWN5F84E6EQ?ref=newsletters.qs.com)

Tuition fees and education contracts are the largest revenue sources for UK higher education providers, growing from £15.5 billion in 2014 to £27 billion in 2022, reflecting the shift towards tuition-based funding. Research grants and contracts increased by 53% from 2014 to 2022\. Funding body grants increased by nearly £1 billion, and other income grew by 23% over the same period. Smaller income streams like investment and donations have also contributed to the overall increase in higher education funding.

## ♨️ 35% Growth in Global Geothermal Energy Capacity

[![](https://lh7-us.googleusercontent.com/docsz/AD_4nXf7NstQ6lj-_1pdYAvRHId8L-nasaQXjNloTM93Xwik6eOI9JNshxamvhuHYrnr5gofKgj1m-tT7WzJKC6FqXx6gnpxWG51VAAKvxdRezWVXs4I2d7BzFraTI8ucfTFCYmLQPWcVthCZ_XtqZFr5R4ZoFVv?key=urXqBDI2z5jZcQTxPQaS8Q)](https://index.holoniq.com/charts/HCHLEW8OIA93ZUH3O6T3/Geothermal-energy-capacity-globally%252C-2009-2023-%28Gigawatts%29?ref=newsletters.qs.com)

The global geothermal energy capacity increased by 35% over the past decade, rising from nearly 11 GW in 2013 to almost 15 GW in 2023\. This growth highlights significant investments and advancements in geothermal technology as a renewable energy source. The constant growth in capacity shows geothermal energy's rising position in the global energy mix.

## ♻️ Belgium Leads EU in Packaging Waste Recycling

[![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/06/HolonIQ_Recycling_rate_of_packaging_waste_in_the_European_Union_EU_27_by_country_2021_HCH0LM4PP4ZAL2IB7WJA.png)](https://index.holoniq.com/charts/HCH0LM4PP4ZAL2IB7WJA/Recycling-rate-of-packaging-waste-in-the-European-Union-%28EU-27%29-by-country%252C-2021?ref=newsletters.qs.com)

The recycling rate of packaging waste varies significantly within the European Union (EU) with Belgium leading, with 80% of its packaging waste being recycled. A majority of EU states recycle over half of their packaging waste, however, Hungary, Romania, and Malta fall below the 50% margin. The EU has set a [current recycling target of 55%](https://environment.ec.europa.eu/topics/waste-and-recycling/packaging-waste%5Fen?ref=newsletters.qs.com), with this goal rising to 65% by 2025 and to 70% by 2030\. Most countries have already met the current targets, with some exceeding expectations, and most appear to be on track to achieve the target rates by 2030.

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