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 […]
Huge Acceleration Required for Europe to Get on Track for Net Zero
BloombergNEF report: Europe needs to mobilize over $32 trillion of investment to deliver a net-zero economy by 2050 New York and London, May 15, 2023 – Europe’s transition to a net-zero economy entails more than $32 trillion of investments in energy and related technologies between now and 2050, according to the New Energy Outlook: Europe […]
BloombergNEF Announces 12 Climate Innovators as the Winners of the 2023 BNEF Pioneers Award
BNEF’s annual Pioneers award recognizes changemakers across three key climate challenges working towards creating a net-zero economy NEW YORK – April 17, 2023 – BloombergNEF (BNEF) today announced the winners of its 2023 Pioneers Award, recognizing 12 early-stage companies working to introduce technologies and products pushing the world to a net-zero global economy. This year […]
$1 Trillion to Protect Biodiversity is Cheaper Than the Cost of Inaction
Scaling conservation funding will require the public and private sectors to integrate nature into planning processes, policies and investments: BNEF London and New York, 5 April 2023 – Safeguarding the Earth’s biodiversity won’t be cheap, but it is far less expensive than the alternative. Financing explicitly to protect and restore the planet’s more fragile natural […]
Goldwind and Vestas in Photo Finish for Top Spot as Global Wind Power Additions Fall
Global commissioning of wind turbines fell 15% to 86GW in 2022, as supply chain constraints and uncertainty around subsidies hit project development. London and New York, March 23, 2023 – Wind capacity additions fell by 15% in 2022, following two years of record build, according to a new report by research company BloombergNEF (BNEF). BNEF’s […]
Net-Zero Industry Requires Exponential Growth From Carbon Capture, Hydrogen and Clean Power
By 2050, industrial sectors will need to be abating more than 7 billion tons of CO2 per year to reach net-zero emissions; building clean capacity needs to start now New York and London, March 2, 2023 – Without decarbonization intervention, industrial emissions will grow from 6.7 billion tons of CO2 this year to 7.6 billion […]