China Drops to Second in BloombergNEF’s Global Lithium-Ion Battery Supply Chain Ranking as Canada Comes Out on Top
The fourth edition of BNEF’s ranking finds Canada’s raw material resources, strong integration with the US automotive sector, and clear policy commitments have given it an edge over competitors London, February 5, 2024 – Canada has overtaken China for the top spot in BloombergNEF’s (BNEF’s) Global Lithium-Ion Battery Supply Chain Ranking, an annual assessment that […]
Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion in 2023, According to BloombergNEF Report
• BloombergNEF’s Energy Transition Investment Trends 2024 finds that renewable energy, electric vehicles, hydrogen and carbon capture all drive investment growth year-on-year • China leads with $676 billion invested in 2023, or 38% of the global total • Together, the EU, US and UK invested more than China in 2023, which was not the case […]
India, China, Chile, the Philippines, and Brazil Top Ranking as the Most Attractive Developing Economies for Clean Energy Investment According to Report
BloombergNEF’s Climatescope report reviews clean energy progress in 110 emerging economies Almost all these markets have renewable energy targets in force, but three-fifths of them have yet to achieve even half of their stated ambitions London, 29 November 2023 – India is the most attractive developing economy for renewable energy investment, narrowly edging out mainland […]
Lithium-Ion Battery Pack Prices Hit Record Low of $139/kWh
BloombergNEF’s annual battery price survey finds a 14% drop from 2022 to 2023 New York, November 27, 2023 – Following unprecedented price increases in 2022, battery prices are falling again this year. The price of lithium-ion battery packs has dropped 14% to a record low of $139/kWh, according to analysis by research provider BloombergNEF (BNEF). […]
Tripling Global Renewables By 2030 Is Hard, Achievable and Necessary to Achieve Net Zero
Tripling global renewables capacity by 2030, as proposed by the COP28 Presidency, is in line with the 10.5 terawatts required to get on track for net-zero according to BloombergNEF analysis BNEF’s forecasts see solar on track for what’s needed by 2030, while wind and storage will require concerted action to unlock London, November 21, 2023 […]
G-20 Member States More Than Doubled Fossil-Fuel Support in 2022 to $1.3 Trillion
Read the full factbook here New York, November 21, 2023 – Governments and state-owned companies in the 19 individual G-20 member states provided $1.3 trillion of support for fossil fuels last year, according to a new report produced by research provider BloombergNEF (BNEF) in partnership with Bloomberg Philanthropies. Much of the increase came as a […]
Vietnam Power Sector Needs More Renewables to Achieve Decarbonization Goals: Report
BloombergNEF: Renewable energy can meet Vietnam’s growing electricity demand without compromising energy security and affordability Utility-scale solar is already the cheapest source of electricity in Vietnam, and the country has great potential for developing offshore wind power Singapore, October 23, 2023 – Vietnam’s long-term goal to phase out the use of coal for power generation […]
Solar Soon to be the Most Affordable Electricity Source for Bangladesh: Report
BloombergNEF: Renewable energy provides the cheapest option for Bangladesh to meet its growing electricity demand while reducing emissions Singapore, September 25, 2023 – Bangladesh’s heavy reliance on fossil-fuel thermal power plants has reduced the country’s energy security, while draining its foreign curreny reserves and increasing local pollution. In addition, further expansion of fossil-fuel thermal power […]
Faster Deployment of Clean Power Such as Solar, Wind and EVs Can Enable India to Peak Emissions Before 2030
BloombergNEF: Accelerated deployment of clean technologies is essential if India is to reach its 2047 AatmaNirbhar Bharat energy independence goal. BNEF report shows that India can dramatically reduce fossil fuel imports, while strengthening energy access. This is the cheapest way for the country to increase electricity access while decarbonizing its power supply. BNEF’s least-cost modeling […]
Global Clean Energy Revenues From Listed Firms Hit $2.56 Trillion in 2022
• Total is equivalent to 2.6% of GDP, shows analysis of BNEF Clean Energy Exposure Ratings • Power utilities and renewable manufacturers and developers account for two-thirds of the total • Top global equity indices are less than 5% exposed on a portfolio-weighted revenue basis (London, UK), 10 August 2023 — In 2022, clean energy […]