March 2 2023

Net-Zero Industry Requires Exponential Growth From Carbon Capture, Hydrogen and Clean Power

By 2050, industrial sectors will need to be abating more than 7 billion tons of CO2 per year to reach net-zero emissions; building clean capacity needs to start now New York and London, March 2, 2023 – Without decarbonization intervention, industrial emissions will grow from 6.7 billion tons of CO2 this year to 7.6 billion […]

March 2 2023

Global Net Zero Will Require $21 Trillion Investment In Power Grids

New York and London, March 2, 2023 – Electricity grids are the backbone of the energy transition, yet the networks we have today are not ready for the future. At least $21.4 trillion needs to be invested in the electricity grid by 2050 to support a net-zero trajectory for the world, according to a new […]

March 1 2023

New Study: Clean Energy Transition Now Hard-Wired Into the U.S. Economy

Eleventh annual edition of the Sustainable Energy in America Factbook highlights national data on the U.S. energy transition in 2022 Washington, D.C. – Despite a tumultuous year in 2022, the U.S. economy is now firmly on the clean energy transition path to drive down emissions and create economic opportunities. Investment in clean energy generation and […]

February 16 2023

BloombergNEF Announces Finalists for Pioneers Award

BloombergNEF’s annual Pioneers award recognizes innovative companies across three key challenges in building towards a net-zero economy New York, February 16, 2023 – BloombergNEF (BNEF) today announced the 22 finalists for its 2023 BNEF Pioneers award. These early-stage companies are seeking to introduce innovations to guide the world towards a net-zero economy, by tackling one […]

February 9 2023

Corporations Brush Aside Energy Crisis, Buy Record Clean Power

Companies committed to buy 36.7 gigawatts of clean power through long-term contracts with strong growth in the Americas and Asia-Pacific: BloombergNEF New York and London, February 9, 2023 – Against the backdrop of a global energy crisis, supply chain bottlenecks and high interest rates, private companies and public institutions signed contracts to secure a record […]

February 6 2023

Economics to Drive Coal Decline, Renewables Growth in Poland

Coal-fired generation to get squeezed from the country’s power system by 2032 thanks to lower-cost renewables and carbon costs: BloombergNEF London, February 6, 2023 – Coal burn in Poland’s power system is poised to drop to negligible levels by 2032 thanks to the fuel’s deteriorating economics and the effects of Europe’s carbon-emissions trading scheme, according […]

January 26 2023

Global Low-Carbon Energy Technology Investment Surges Past $1 Trillion for the First Time

Defying supply chain disruptions and macroeconomic headwinds, 2022 energy transition investment jumped 31% to draw level with fossil fuels: BloombergNEF London, January 26, 2023 – Global investment in the low-carbon energy transition totaled $1.1 trillion in 2022 – a new record and a huge acceleration from the year before – as the energy crisis and […]

January 23 2023

Carbon Offset Market Could Reach $1 Trillion With Right Rules

Doubts over credit quality and climate impact gave investors pause in 2022, but long-term demand could still drive massive growth: BNEF New York and London, January 23, 2023 – The total value of carbon credits produced and sold to help companies and individuals meet their de-carbonization goals could approach $1 trillion as soon as 2037, […]

January 18 2023

Transition Metals Become $10 Trillion Opportunity as Demand Rises and Supply Continues to Lag

BloombergNEF’s first Transition Metals Outlook shows the market value for key metals used in transition technologies will probably triple by 2050 New York, January 18, 2023 – Demand for key metals needed for the deployment of energy transition technologies such as solar, wind, batteries and electric vehicles will grow fivefold by 2050, under BloombergNEF’s so-called […]

December 6 2022

Lithium-ion Battery Pack Prices Rise for First Time to an Average of $151/kWh

  BloombergNEF’s annual battery price survey finds prices increased by 7% from 2021 to 2022   New York, December 6, 2022 – Rising raw material and battery component prices and soaring inflation have led to the first ever increase in lithium-ion battery pack prices since BloombergNEF (BNEF) began tracking the market in 2010. After more […]


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