Brazil Requires Over $6 Trillion in Energy Investment by 2050 to Reach Net Zero, According to BloombergNEF
New Energy Outlook: Brazil details the decarbonization pathways for Brazil’s energy transition to 2050 Brazil requires multiple technology pathways to reach net zero, including electrification, carbon capture, hydrogen, bioenergy and clean power BNEF sees electrification as the key driver of carbon abatement, mainly in road transport and in hard-to-abate industries Sao Paulo, February 20, 2025 […]
New Study Shows American Sustainable Energy Technologies Are Ready to Meet Increasing Energy Demand
Thirteenth annual edition of the Sustainable Energy in America Factbook highlights national data on the U.S. energy expansion in 2024 Washington, D.C, 20 Feb 2025. – In 2024, U.S. power generation reached its highest volume in two decades, driven by growth in renewable energy technologies and by stable natural gas generation capacity. These energy growth […]
Global Cost of Renewables to Continue Falling in 2025 as China Extends Manufacturing Lead: BloombergNEF
New York/ London, February 6, 2025 – The cost of clean power technologies such as wind, solar and battery technologies are expected to fall further by 2-11% in 2025, breaking last year’s record. According to a latest report by research provider BloombergNEF (BNEF), new wind and solar farms are already undercutting new coal and gas […]
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 […]