New Bloomberg Resource Lights Paths to a Net-Zero CO2 Future
NetZero Pathfinders platform surfaces dozens of proven, actionable policies ready to scale globally New York and London, October 18, 2021 – With 13 days to go until the critical next round of international climate talks, Bloomberg has launched a new online resource specifically intended to help policymakers find concrete, actionable solutions to address […]
Data Centers Set to Double Their Power Demand in Europe, Could Play Critical Role in Enabling More Renewable Energy
Hyperscale and colocation data centers can be an important source of flexibility in Europe’s power system, helping to integrate higher renewable energy penetrations London and Berlin, October 14, 2021 – Large data centers in the U.K., Germany, Ireland, Norway and the Netherlands are projected to draw 5.4GW (gigawatts) in ‘live IT power’ demand […]
U.S. Narrows Gap With China In Race To Dominate Battery Value Chain
BloombergNEF’s second annual ‘Global Lithium-Ion Battery Supply Chain Ranking’ finds China dominating the ranking, but clearer policy support and increasing battery demand help the U.S. move up the ranking London, October 7, 2021 – China continues to dominate BloombergNEF’s (BNEF) global lithium-ion battery supply chain ranking in both 2021 and its projection for […]
City-led Green Recovery Boosted by $267BN G7 Stimulus Funds, But More Needed
New BloombergNEF and C40 Cities report evaluates G7 stimulus packages, showing EU as best in class in supporting urban action to deliver a green and just recovery New York City, September 30, 2021 – The world’s cities are poised to lead a clean and just economic recovery from the Covid-19 crisis, but only […]
Two Thirds of the World’s Heaviest Emitters Have Set a Net-Zero Target
Targets require leading companies to cut equivalent of quarter of today’s global GHG emissions by 2050 New York, September 24, 2021 – Through August, 111 of the Climate Action100+ 167 “focus companies” have set a net-zero or equivalent target, pledging to fully reduce and/or offset their emissions at a level equivalent to […]
Careful Policy Design Could Unlock Massive Rooftop Solar Market Around The World
New BloombergNEF and Schneider Electric report finds rooftop solar market still largely untapped with potential to exceed 2,000 gigawatts of solar and 1,000 gigawatt-hours of energy storage by 2050 The full report is available via the following link. New York and Rueil-Malmaison (France), September 15, 2021 – Customer-sited solar is a major untapped […]
Indonesian Solar Market Poised for Unprecedented Growth, Holds Key to Decarbonizing Energy Sector
New report by BloombergNEF, Bloomberg Philanthropies, and the Institute for Essential Services Reform (IESR) reveals national solar program could attract up to $14.4B in investment and help Indonesia meet its 2025 renewable energy goal Report shows solar tariffs in Indonesia have decreased 76% since 2015 and costs for solar could outcompete new […]
Public Market Financing Lifts Renewable Energy Investment to New First-Half Year Record in 2021
An abridged version of the Renewable Energy Investment Tracker is available here London and New York, August 3, 2021 – New investment in renewable energy projects and companies totalled $174 billion in the first half of 2021, supported by record public market financing and record levels of venture capital and private equity commitments, according […]
Getting on Track for Net-Zero by 2050 Will Require Rapid Scaling of Investment in the Energy Transition Over the Next Ten Years
BloombergNEF’s New Energy Outlook charts three distinct pathways for the world to reach climate neutrality by mid-century London and New York, July 21, 2021 – Achieving net-zero carbon emissions by 2050 will require as much as $173 trillion in investments in the energy transition, according to BloombergNEF’s (BNEF) New Energy Outlook 2021 (NEO), […]
New Report Finds G-20 Member Countries Support Fossil Fuels at Levels Untenable to Achieve Paris Agreement Goals
BloombergNEF and Bloomberg Philanthropies report reveals G-20 member countries have given more than $3.3 trillion in subsidies for coal, oil, gas, and fossil-fuel power from 2015-2019 U.N.-convened Net-Zero Asset Owner Alliance, representing over $6.6 trillion assets under management, and U.N. Special Envoy Michael R. Bloomberg urge G-20 leaders to take bold action ahead of COP26 […]