Battery Pack Prices Cited Below $100/kWh for the First Time in 2020, While Market Average Sits at $137/kWh
BloombergNEF’s annual battery price survey finds prices fell 13% from 2019 Hong Kong and London, December 16, 2020 – Lithium-ion battery pack prices, which were above $1,100 per kilowatt-hour in 2010, have fallen 89% in real terms to $137/kWh in 2020. By 2023, average prices will be close to $100/kWh, according to the […]
After Attracting a Record $32 Billion from Abroad in 2019, Clean Energy in Emerging Markets Endures a Rough 2020
BloombergNEF’s annual Climatescope survey illustrates investors’ pre-pandemic appetite for clean energy in developing markets; Chile finishes atop the market ranking London, Washington D.C., São Paulo, December 9, 2020 – As 2019 came to a close, the outlook for renewable energy growth in developing economies was exceptionally bright. Power-generating capacity from solar plants such […]
More Gender Diversity on Corporate Boards Makes for Better Climate Governance and Innovation
Gender diversity in the senior workforce is important for driving innovation in the clean energy transition and for implementing strategies for timely climate action Shanghai and Tokyo, December 1, 2020 – A proportion of 30% or more for women on corporate boards has shown a positive correlation with better climate governance and innovation […]
Accelerated Electrification Coupled with Renewables Can Put China on Path Toward Carbon Neutrality
“China’s Accelerated Decarbonization” report by BloombergNEF presents how China could speed up its decarbonization, and the economic benefits of progressing towards net-zero Shanghai, December 1, 2020 — Today, BloombergNEF (BNEF) and Bloomberg Philanthropies released “China’s Accelerated Decarbonization” – a new white paper detailing how China could take major steps toward its recently announced […]
Emissions and Coal Have Peaked as Covid-19 Saves 2.5 Years of Emissions, Accelerates Energy Transition
BloombergNEF’s New Energy Outlook 2020 sees total oil demand peaking in 2035, and growth in clean energy technology – yet, world still heading for 3.3-degree temperature rise London and New York, October 27, 2020 – The stark drop in energy demand due to the coronavirus pandemic will remove some 2.5 years’ worth of […]
Record Month Shoots Green Bonds Past Trillion-Dollar Mark
Amid global turmoil, green bond issuance is serving as a beacon for sustainability, surpassing $1 trillion issued since the market’s inception in 2007 London and New York, October 5, 2020 – Green bonds have passed their biggest milestone yet, with more than $1 trillion issued since these securities first emerged in 2007, according to […]
South Korea, Singapore, Germany Lead BNEF Ranking of Top Digitalization Markets
Asia and Europe continue to lead global industrial digitalization, with most strategies focusing on AI and advanced manufacturing New York, September 24, 2020 – South Korea, Singapore and Germany top BloombergNEF’s (BNEF) 2020 national industrial digitalization ranking. Leading countries hail predominantly from Asia and Europe with each region taking four of the top 10 […]
China Dominates the Lithium-ion Battery Supply Chain, but Europe is on the Rise
BNEF’s inaugural ‘Global Lithium-Ion Battery Supply Chain Ranking’ finds that by 2025, China continues to dominate the supply chain while the U.S. and Sweden rise to third and fourth respectively Hong Kong, London and New York, September 16, 2020 – China dominates BloombergNEF’s (BNEF) lithium-ion battery supply chain ranking in 2020, having quickly […]
Solar and Wind Reach 67% of New Power Capacity Added Globally in 2019, while Fossil Fuels Slide to 25%
Photovoltaics by far the world’s leading power-generating technology installed in 2019; 45% of capacity added was solar with one third of all countries making it their top choice New York and São Paulo, September 1, 2020 – Photovoltaics (PV) dominated as the main new power-generating technology source added to grids in dozens of countries […]
Global Gas Industry Set to Resume Growth Post-Pandemic, Adopt Low-Carbon Technologies for Long-Term Growth
Covid-19 will reduce gas use in 2020, but recovery will be underpinned by favourable economics, widening access and a longer-term drive towards emissions reductions, including a role for hydrogen and other green gas technologies. The full report is available here. London, Barcelona, and Milan, August 6, 2020 – After growing by more than 2% […]