Global Investment in the Energy Transition Exceeded $2 Trillion for the First Time in 2024, According to BloombergNEF Report
BloombergNEF’s Energy Transition Investment Trends 2025 finds that investment in the energy transition is higher than ever, but growth has slowed China invested most and drove the majority of the growth in 2024, eclipsing the US, the EU, and the UK Investment in mature technologies is growing globally, while investment in emerging technologies is struggling […]
Vietnam’s 2050 Net-Zero Target Represents a $2.4 Trillion Opportunity: BloombergNEF
• BNEF’s Net-Zero Transition: Opportunities for Vietnam report indicates that decarbonizing electricity supply is key to the country staying on track for the Paris Agreement’s goal • More than $2.4 trillion in investment and spending is required by 2050 in a net-zero pathway, 54% more than in an economics-led transition • Solar and wind generation […]
Significant Investment Needed to Ready the Global Power Grid for Net Zero: BloombergNEF report
London, 12 December 2024 – In order to keep up with the energy transition, the world’s power grids will require significant investment and new mileage between now and 2050. According to BloombergNEF’s (BNEF) New Energy Outlook 2024: Grids report, an annual investment of $811 billion by 2030 will be required under BNEF’s Net Zero Scenario […]
Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour: BloombergNEF
New York, December 10, 2024 – Battery prices saw their biggest annual drop since 2017. Lithium-ion battery pack prices dropped 20% from 2023 to a record low of $115 per kilowatt-hour, according to analysis by research provider BloombergNEF (BNEF). Factors driving the decline include cell manufacturing overcapacity, economies of scale, low metal and component prices, […]
Europe Off-Track For 2030 Climate Targets, Despite Record Clean Energy Investment, According to BloombergNEF
London, December 3, 2024 – European governments face an uphill battle if they are to deliver rapidly approaching and legally binding 2030 climate goals, according to New Energy Outlook: Europe, a new report published today by research provider BloombergNEF (BNEF). BNEF’s base-case ‘Economic Transition Scenario’, which describes how the energy sector evolves as a result […]
24/7 Carbon-Free Electricity Procurement Could be a Key Enabler for Asia-Pacific’s Energy Transition, According to BloombergNEF
South Korea, November 26, 2024 – Enabling 24/7 carbon-free electricity (24/7 CFE) procurement in Asia Pacific (APAC) could unlock the private investment needed for the region’s energy transition, according to 24/7 Carbon-Free Energy Procurement in APAC: Pathways for Companies and Countries, a report from BloombergNEF (BNEF) published in collaboration with the Global Renewables Alliance. BNEF’s […]
Emerging Markets Make Headway on Clean Energy Policy and Investment, but Trillions More Needed for Net Zero, BloombergNEF Reveals
November 14, 2024, London: Some developing economies are making significant strides in the energy transition, with clean energy investment rising and policy conditions improving. But much more investment is needed for emerging markets to get on track for climate goals, with an average investment of $4.3 trillion per year required to 2050, BloombergNEF’s (BNEF) Emerging […]
South Korea’s Green Transition Hinges on Expanding Clean Power and Developing Carbon Capture and Storage: BloombergNEF
BNEF’s New Energy Outlook: South Korea indicates that decarbonizing electricity supply is key to the country staying on track with the Paris Agreement’s goals this decade More than $2.7 trillion in investment and spending is required by 2050 in a net-zero pathway, 37% more than in an economics-led transition Solar and wind capacity needs to […]
Gap Between Current Biodiversity Finance and Future Funding Needs Widens to $942 Billion, According to BloombergNEF
October 22, 2024, London: The gap between current biodiversity finance and future needs has widened to $942 billion, as increased investment has failed to keep pace with inflation, finds BloombergNEF (BNEF) in its latest Biodiversity Finance Factbook. Some $1.15 trillion in biodiversity financial flows will be needed in 2030 to restore and maintain biodiversity, the […]
Asia Pacific Needs Greater Public-Private Commitment and US$88.7 Trillion in Investments to Stay on Track for Paris Agreement
Singapore, October 16, 2024 – Asia Pacific (APAC) should accelerate the deployment of mature technologies, support emerging climate solutions, and scale up finance for the energy transition to stay on track for the Paris Agreement, according to Asia Pacific’s Energy Transition Outlook, a report from BloombergNEF (BNEF) published in collaboration with GenZero. This latest report, […]