Two Thirds of the World’s Heaviest Emitters Have Set a Net-Zero Target
Targets require leading companies to cut equivalent of quarter of today’s global GHG emissions by 2050 New York, September 24, 2021 – Through August, 111 of the Climate Action100+ 167 “focus companies” have set a net-zero or equivalent target, pledging to fully reduce and/or offset their emissions at a level equivalent to […]
Careful Policy Design Could Unlock Massive Rooftop Solar Market Around The World
New BloombergNEF and Schneider Electric report finds rooftop solar market still largely untapped with potential to exceed 2,000 gigawatts of solar and 1,000 gigawatt-hours of energy storage by 2050 The full report is available via the following link. New York and Rueil-Malmaison (France), September 15, 2021 – Customer-sited solar is a major untapped […]
Indonesian Solar Market Poised for Unprecedented Growth, Holds Key to Decarbonizing Energy Sector
New report by BloombergNEF, Bloomberg Philanthropies, and the Institute for Essential Services Reform (IESR) reveals national solar program could attract up to $14.4B in investment and help Indonesia meet its 2025 renewable energy goal Report shows solar tariffs in Indonesia have decreased 76% since 2015 and costs for solar could outcompete new […]
Public Market Financing Lifts Renewable Energy Investment to New First-Half Year Record in 2021
An abridged version of the Renewable Energy Investment Tracker is available here London and New York, August 3, 2021 – New investment in renewable energy projects and companies totalled $174 billion in the first half of 2021, supported by record public market financing and record levels of venture capital and private equity commitments, according […]
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 […]