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 […]
Energy Transition Investment Hit $500 Billion in 2020 – For First Time
The world invested unprecedented amounts in low-carbon assets last year, from renewables to cleaner transport, energy storage to electric heat London and New York, January 19, 2021 – A new, broad measure of ‘energy transition investment’, compiled by BloombergNEF (BNEF), shows that the world committed a record $501.3 billion to decarbonization in 2020, […]