Faster Scale-Up of Clean Technologies Could Get China on Track for Net-Zero Emissions by 2050
•BloombergNEF’s New Energy Outlook: China outlines how the country can achieve its carbon neutrality target 10 years earlier than its current 2060 goal •China needs to target a drop of at least 43% in energy-related emissions by 2035 compared with 2005 to stay on track with the Paris Agreement goal, BNEF’s Net Zero Scenario shows […]
Clean Electricity Breaks New Records; Renewables on Track for Another Strong Year: BloombergNEF
More than 40% of the world’s electricity came from zero-carbon sources for the first time in 2023; 14% from wind and solar Almost 91% of global net power capacity additions came from solar and wind in 2023 versus 6% from fossil fuels Renewable energy attracted $313 billion of new investment in the first half of […]
Urgent Scale-Up of Clean Technologies Needed to Keep Australia on Net-Zero Trajectory
•BloombergNEF’s New Energy Outlook: Australia details how the country can still meet decarbonization targets and net-zero commitment by mid-century •$2.4 trillion investment and spending required for BNEF’s Net Zero Scenario, only 12% more than the baseline Economic Transition Scenario •290 gigawatts of wind and solar capacity installed by 2050, power demand grows 2.5-fold Sydney, 19 […]
Electric Vehicle Sales Headed for Record Year but Growth Slowdown Puts Climate Targets at Risk, According to BloombergNEF Report
• BloombergNEF’s Long-Term Electric Vehicle Outlook shows that as technology for electrification continues to improve, and battery prices fall, adoption moves from being policy-driven to being driven by consumer demand across all markets • Passenger EV sales are expected to exceed 30 million in 2027 in BNEF’s base case scenario and grow to 73 million […]
Lithium-Ion Batteries are set to Face Competition from Novel Tech for Long-Duration Storage: BloombergNEF Research
Study shows that long-duration energy storage technologies are now mature enough to understand costs as deployment gets under way New York/San Francisco, May 30, 2024 – Long-duration energy storage, or LDES, is rapidly garnering interest worldwide as the day it will out-compete lithium-ion batteries in some markets approaches and as decarbonization plans become more ambitious. […]
Urgent Deployment of Existing Technology Can Get World Close to Net Zero, BloombergNEF’s New Energy Outlook 2024 Shows
• The study details how the world can still meet the goals of the Paris Agreement, and achieve net zero by mid-century • BNEF’s updated Net Zero Scenario traces the route to keeping the world on track for well below two degrees of warming and net zero by 2050, but time is running out to […]
China’s Goldwind Retains Turbine Supplier Lead, as Global Wind Additions Hit New High, According to BloombergNEF
London and New York, March 27, 2024 – Global wind capacity additions surged to a record high of 118GW in 2023, according to a new report by research provider BloombergNEF (BNEF). BNEF’s 2023 Global Wind Turbine Market Shares report finds that developers commissioned 36% more capacity worldwide than in 2022 after capacity additions skyrocketed in […]
Corporate Clean Power Buying Grew 12% to New Record in 2023, According to BloombergNEF
• BNEF’s 1H 2024 Corporate Energy Market Outlook shows that a surge of activity in Europe was the biggest catalyst in record activity • Big tech remains a large contributor of PPA growth • Amazon, Engie were the largest buyer and seller in 2023, respectively New York and London, February 13, 2024 – Corporations publicly […]
Carbon Credits Face Biggest Test Yet, Could Reach $238/Ton in 2050, According to BloombergNEF Report
BNEF’s Long-Term Carbon Offsets Outlook 2024 shows that the success of the carbon offset market will be determined by the strength of demand and credibility of credits New York and London, February 6, 2024 – Ongoing scrutiny and reputational issues made 2023 a challenging year for the voluntary carbon market. 2024 is set to be […]
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 […]