Category: Report

November 13 2024

Tracking Climate Transition Plans in the Financial Sector

At least 42% of institutions in sector alliances under the Glasgow Financial Alliance for Net Zero (GFANZ) have disclosed all 10 components of the GFANZ transition plan framework. Many of the goals and commitments aren’t detailed in a single place. This note delivers a review of disclosures across sources and compares them with a consistent framework.

November 11 2024

Are Global EV Sales Really Slowing Down?

Around this time last year, reports began highlighting a drop in EV demand. Although growth rates are slowing, EV sales are expected to reach another record. BloombergNEF estimates that sales of EVs, including battery-electric and plug-in hybrids, will hit 16.7 million units this year, up from 13.9 million in 2023.

November 11 2024

Headwinds in Largest Energy Storage Markets Won’t Deter Growth

It will be another record year for energy storage installations globally, but the two largest markets – China and US – may face challenges next year due to targets already being met in one and election-outcome related uncertainty in the other.

November 7 2024

Fossil-Fuel Subsidies Stay High but G-20 Inch Forward on Carbon Pricing and Climate-Risk Policy

On the brink of this year's United Nations climate summit, COP29, governments are grappling with how to devise their next climate plans. BloombergNEF analysis suggests that some Group-of-20 governments have made headway on implementing robust policies to tackle climate change, others have not.

October 31 2024

Strong US Clean Energy Growth to Continue Despite Election Headwinds

The US is on track to see over 25% growth in annual clean energy installations this year, according to BloombergNEF’s 2H 2024 US Clean Energy Market Outlook. BNEF expects the US to hit an all-time high of 65 gigawatts of new solar, wind and energy storage additions this year despite persistent structural hurdles like permitting and grid connections. Annual clean energy installations are set to average 102GW over the next 11 years – quadruple the 26GW averaged over the past 11 years – in BNEF’s base case view. 

October 31 2024

Readying the Global Power Grid for Net Zero

The world’s power grids need a lot of money – and a lot of new mileage – to be on track for net zero. nnual grid investment reaches $811 billion by 2030 in BloombergNEF’s Net Zero Scenario, driven by rapid growth rates in clean power, electric vehicles, and other low-carbon technologies. That’s  nearly three times as much as the flowed into the sector last year.

October 25 2024

Twelve Case Studies Survey the Business Opportunities in Curbing Nature Loss

Shifting the financial flows of the real economy away from activities that are damaging to nature and toward less harmful alternatives presents the most promising and immediate avenue for nature-related investment.

October 17 2024

US Election Poses Risks But Energy Policy Will Muddle Through

The upcoming US elections could reshape global climate progress. BloombergNEF analysis looks at the impact of possible election outcomes on climate-related sectors' business prospects.

October 14 2024

New Lithium Battery Technology Set to Disrupt Storage Market

Competition among automakers and battery manufacturers is driving innovations in batteries for lower cost and better performance. BloombergNEF expects a variety of companies to bring battery breakthroughs to the market throughout this decade.

October 8 2024

2H 2024 EU ETS Market Outlook: On Tenterhooks Over Supply

Supply uncertainties continue to plague the European Union’s Emissions Trading System as lawmakers funnel revenues back to the carbon market to support decarbonization. Additional supply, combined with record-low emissions, has subdued prices, BloombergNEF analysis shows.