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, […]
Mining Industry Needs $2.1 Trillion Dollars in New Investment by 2050 to Meet Net-Zero Demand for Raw Materials, Finds BloombergNEF in New Report
The Transition Metals Outlook 2024 finds that the cost of clean energy technologies could rise without an urgent investment in metals supply to address looming deficits. NEW YORK – October 3, 2024 – Despite the growth in metals supply over the last decade, BloombergNEF’s (BNEF’s) annual Transition Metals Outlook finds that there are still not […]
$2.2 Trillion in Investment Over 10 Years Can Put Japan on a Trajectory to Net-Zero, BloombergNEF’s New Energy Outlook: Japan Shows
Tokyo, September 30, 2024 – Japan will need investment of about ¥320 trillion ($2.2 trillion) over the next decade if it is to stay on course to reach net-zero by 2050, according to BloombergNEF’s (BNEF’s) New Energy Outlook: Japan, a follow-up to the research provider’s New Energy Outlook 2024 released in May. The new report […]