Press Release Archives | Page 5 of 22

November 9 2022

Africa Clean Energy Investment Sees No Post-Pandemic Rebound

New capital deployed for wind, solar, geothermal and other renewable power projects in Africa slips to an 11-year low, finds BloombergNEF Read the full report here Sharm el-Sheikh, November 9, 2022 – As leaders gather in Egypt for the latest round of UN climate talks with the energy transition and economic development very much […]

November 1 2022

2021 Support for Fossil Fuels by G-20 Nations Reached Highest Level Since 2014

BloombergNEF and Bloomberg Philanthropies report reveals G-20 member countries provided almost $700 billion in support for coal, oil, gas and fossil-fuel power in 2021 – up 16% from the year before Read the full factbook here New York, November 1, 2022 – The 19 individual country members of the G-20 provided $693 billion […]

October 20 2022

Transitioning Europe’s Largest Coal Power Plant to a Secure, Resilient, Affordable Clean Energy Future

New study outlines a transition plan for Europe’s largest coal-fired power plant, located in Belchatow, Poland London and Łódź, October 20, 2022 – Europe’s largest coal-fired power plant could replace most of its lignite generation with renewables paired with batteries or lower-carbon thermal capacity, research group BloombergNEF (BNEF) finds in a new report. […]

October 18 2022

Global Carbon Capture Capacity Due to Rise Sixfold by 2030

More than $3 billion has been invested in carbon capture so far in 2022 New York and London, October 18, 2022 – The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO2 captured per year, according to research company BloombergNEF’s (BNEF) […]

October 12 2022

Global Energy Storage Market to Grow 15-Fold by 2030

More ambitious policies in the US and Europe drive a 13% increase in forecast capacity versus previous estimates New York, October 12, 2022 – Energy storage installations around the world are projected to reach a cumulative 411 gigawatts (or 1,194 gigawatt-hours) by the end of 2030, according to the latest forecast from research […]

September 28 2022

Japan’s Ammonia-Coal Co-Firing Strategy a Costly Approach to Decarbonization, Renewables Present More Economic Alternative

Clean ammonia is better suited for the decarbonization of other applications such as fertilizer production Tokyo, September 28, 2022 – Japanese utilities are exploring the case for retrofitting their existing coal power plants to enable co-firing of coal with ammonia to reduce carbon dioxide emissions. However, ammonia-coal co-firing is unlikely to become an economically […]

September 21 2022

Wind And Solar Top 10% of Global Power Generation For First Time

Renewables made a record contribution to global grids in 2021, but coal-fired power and emissions jumped to new highs, according to BloombergNEF’s Power Transition Trends London, São Paulo, September 21, 2022 – The world’s wind and solar projects combined to meet more than a tenth of global electricity demand for the first time in 2021, […]

August 2 2022

Renewable Energy Sector Defies Supply Chain Challenges to Hit a Record First-Half For New Investment

BloombergNEF reports an 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226 billion London, August 2, 2022 – Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year. […]

June 30 2022

Cost of New Renewables Temporarily Rises as Inflation Starts to Bite

Supply-chain woes push up cost of new-build solar, battery storage and onshore wind, which rises between 4% and 14% from year ago London and New York, June 30, 2022 – The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis […]

June 22 2022

$223bn Investment Needed for India to Meet 2030 Wind and Solar Goals

Renewables crucial for India to meet its longer-term climate goals New Delhi, June 22, 2022 – India will require $223 billion of investment in order to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF (BNEF). The goal is part of the […]