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 […]
Report Shows That Inflation Reduction Act Alone Won’t Set United States on Track for Net Zero
BloombergNEF: The Inflation Reduction Act gets the US closer to net zero, with renewables, carbon capture, and electrification leading the way – but more action is needed. ● Landmark climate bill gets the country closer to net zero, according to BNEF modeling. Provisions under the Inflation Reduction Act could result in a 40% drop in […]
Japan Can Meet Net-Zero Goal With Minimal Reliance on Hydrogen, Report Shows
BloombergNEF: Japan can achieve net-zero emissions by 2050 while strengthening its energy security ● Japan can achieve its 2050 net-zero goal, while strengthening its energy security, without the need to rely on costly technologies, such as ammonia coal co-firing. ● Accelerated deployment of mature clean technologies such as solar, wind and electric vehicles is the […]
Electric Vehicle Fleet Set to Hit 100 Million by 2026, but Stronger Push Needed to Stay on Track for Net Zero
BloombergNEF: Urgent policy action needed on heavy commercial vehicles, streamlining charging infrastructure, and building out the battery supply chain London and New York, June 8, 2023 – EV adoption is set to soar in the coming years, with over 100 million passenger EVs expected on the roads by 2026 and over 700 million by 2040, […]
Cost of Clean Energy Technologies Drop as Expensive Debt Offset by Cooling Commodity Prices
London and New York, June 7, 2023 – The costs of wind power and battery energy storage projects have come down from levels seen in 2022, at the height of global supply chain constraints and the impacts of the Ukraine war. The industry still faces challenges as central banks continue to raise rates and some […]
Report Shows Way for China to Meet Climate Goals 10 Years Early
BloombergNEF: China can achieve net-zero energy emissions by 2050 while strengthening its energy security Beijing, May 30, 2023 – China’s transition to a net-zero economy by 2050 represents at least a $37.7 trillion investment opportunity in the country’s energy system, according to the New Energy Outlook: China report, published today by research company BloombergNEF (BNEF). […]
Report Shows Pathway and Cost for Australia to Meet Climate Goals and Become Major Hydrogen Exporter
BloombergNEF report: Australia Needs 800 Gigawatts of Solar and Wind to Meet its 2050 Net-Zero and Hydrogen Export Ambitions Sydney, May 23, 2023 – Australia’s transition to a net-zero economy represents at least a USD$1.9 trillion investment opportunity in the country’s energy system by 2050, according to the New Energy Outlook: Australia report, published today […]
G-20 Boosts Climate Policy Support Despite Energy Crisis
Countries have implemented more and better policies to promote decarbonization since the global energy crisis hit: BloombergNEF London and New York, May 17, 2023 – The global energy crisis has prompted governments to take unprecedented steps to bolster energy security and affordability — but not at the expense of addressing climate change. On balance, most […]