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 […]
Global Net Zero Will Require $21 Trillion Investment In Power Grids
New York and London, March 2, 2023 – Electricity grids are the backbone of the energy transition, yet the networks we have today are not ready for the future. At least $21.4 trillion needs to be invested in the electricity grid by 2050 to support a net-zero trajectory for the world, according to a new […]
New Study: Clean Energy Transition Now Hard-Wired Into the U.S. Economy
Eleventh annual edition of the Sustainable Energy in America Factbook highlights national data on the U.S. energy transition in 2022 Washington, D.C. – Despite a tumultuous year in 2022, the U.S. economy is now firmly on the clean energy transition path to drive down emissions and create economic opportunities. Investment in clean energy generation and […]