Getting on Track for Net-Zero by 2050 Will Require Rapid Scaling of Investment in the Energy Transition Over the Next Ten Years
BloombergNEF’s New Energy Outlook charts three distinct pathways for the world to reach climate neutrality by mid-century London and New York, July 21, 2021 – Achieving net-zero carbon emissions by 2050 will require as much as $173 trillion in investments in the energy transition, according to BloombergNEF’s (BNEF) New Energy Outlook 2021 (NEO), […]
New Report Finds G-20 Member Countries Support Fossil Fuels at Levels Untenable to Achieve Paris Agreement Goals
BloombergNEF and Bloomberg Philanthropies report reveals G-20 member countries have given more than $3.3 trillion in subsidies for coal, oil, gas, and fossil-fuel power from 2015-2019 U.N.-convened Net-Zero Asset Owner Alliance, representing over $6.6 trillion assets under management, and U.N. Special Envoy Michael R. Bloomberg urge G-20 leaders to take bold action ahead of COP26 […]
Sustainable Debt Issuance Hits $3 Trillion Threshold
Sustainable debt, for green and social issues alike, continues to grow in breadth and popularity at record pace London and New York, June 10, 2021 – Sustainable debt has surpassed $3 trillion borrowed for environmental, social and governance purposes, according to the latest data compiled by research company BloombergNEF (BNEF). This milestone highlights […]
Electric Vehicle Sales Set to Rise Faster Than Ever, but More Policy Action Needed to Get on Track for Net Zero
BloombergNEF’s latest projection shows electric vehicles as $46 trillion market opportunity between now and 2050 London and New York, June 9, 2021 – The outlook for electric vehicles is brighter than ever, but governments aiming for net-zero carbon emissions by 2050 must do more to spur their adoption. Achieving that goal will […]
Twelve Climate Innovators Chosen as 2021 BNEF Pioneers
Game-changing companies recognized for their leadership in transformative technologies New York, April 08, 2021 – BloombergNEF (BNEF) today announced the twelve winners of the 2021 BNEF Pioneers – early-stage companies that are pursuing exciting and important low-carbon opportunities. The winners were selected as their innovations fill important gaps in optimizing long-haul freight, making […]
Integrated European Majors Lead on Preparedness for a Low-Carbon World Among 39 Global O&G Companies
Yet Bloomberg Climate Transition Scores supported by BloombergNEF and Bloomberg Intelligence research show oil and gas industry remains far from transition-ready New York and London, March 24, 2021 – European oil companies, including Total, Galp, Equinor, BP and Royal Dutch Shell lead a group of the 39 most publicly-traded oil and gas companies in […]
Global Wind Industry Had a Record, Near 100GW, Year as GE, Goldwind Took Lead From Vestas
Global commissioning of wind turbines was up 59% to 96.7GW in 2020 as installations surged in China and the U.S. New offshore wind capacity was down 13% London and New York, March 10, 2021 – In a record-setting year, the wind market commissioned nearly 100 gigawatts of new build in 2020. Undeterred by […]
2021 Sustainable Energy in America Factbook Shows Resilient, Clean Energy Growth in 2020, Despite Overall Economic Decline
New Analysis Provides Comprehensive Review of Clean Energy Growth in a Pandemic Year Washington, D.C. – Faced with COVID-19 pandemic and sharp economic contraction, the U.S. clean energy sectors showed strong resilience in 2020, continuing a decade-long growth trend, BloombergNEF (BNEF) and the Business Council for Sustainable Energy (BCSE) find in their annual […]
G20 Countries’ Climate Policies Fail to Make the Grade on Paris Promises
New G20 Zero-Carbon Policy Scoreboard assesses, ranks nations – and finds that despite impressive headline goals, follow-through efforts are badly lacking ahead of COP26 London, February 1, 2021 – With just nine months to go until the critical next round of international climate talks, the world’s largest economies are far from having the […]
Corporate Clean Energy Buying Grew 18% in 2020, Despite Mountain of Adversity
Corporations purchased a record 23.7GW of clean power through long-term agreements, propelled by growth in new markets New York and London, January 26, 2021 – Corporations purchased a record of 23.7GW of clean energy in 2020, up from 20.1GW in 2019 and 13.6GW in 2018, according to new research published by BloombergNEF (BNEF). The […]