Category: Report

September 4 2024

Oil Faces a Demand Issue. Biggest User Segment to Peak in 2027

Electric vehicles are already displacing nearly 1.8 million barrels of oil every day – roughly the same amount as Mexico consumes. Despite some bumps on the road when it comes to their deployment, that number is set to double by 2027, and triple by 2029, causing oil use in the road sector – the largest demand center for oil - to peak in three years, according to BloombergNEF’s Road Fuel Outlook.

August 27 2024

3Q 2024 Global PV Market Outlook

The global PV industry is expected to install 592 gigawatts of modules this year, up 33% from the boom year of 2023. Low prices for modules are stimulating demand in new markets, but hurting manufacturers, who are competing intensely to maintain market share.

August 19 2024

EV Slowdown Countered by Energy Storage Boom

Battery manufacturers are having hard times this year. LG Energy Solutions and Samsung SDI recently posted falling quarterly revenues and profits, while Panasonic’s battery division missed its targets. Even the world’s largest battery maker, CATL, reported its first drop in quarterly profit earlier this year.

August 19 2024

US Is Top Climate-Tech Financier in 2024. China Led Last Year

The US emerged as the top climate-tech financing market in 2024, with $6.7 billion mobilized in the first half of the year. Most of this financing was for clean power companies — renewable energy equipment makers and project developers — as well as startups along the energy storage value chain.

August 14 2024

Renewable Fuel Capacity Shifts Locations and Technologies

The landscape for producing renewable fuels is shifting, with a flurry of projects recently canceled in more established markets replaced by plans for a more diverse set of locations and technologies. This emerging market includes renewable diesel and sustainable aviation fuel, or SAF, with production still challenged by feedstock availability and high costs. Terminated capacity is more than offset by the new proposals.

August 14 2024

Ammonia Supply Outlook 2024: A Clean Takeover

Clean ammonia supply could grow 22- to 30-fold this decade, reaching up to 32 million metric tons of capacity in 2030, according to new BloombergNEF analysis. More than 70% of this supply is in construction or advanced planning and thus likely to be built.

August 7 2024

Unlocking Agricultural Carbon Market Opportunities

Agricultural carbon markets are underappreciated and underdeveloped but “carbon farming” might change that. The term covers a variety of methods aimed at sequestering atmospheric carbon in the soil and plants, or reducing farm greenhouse gas emissions. Together, these practices hold the potential to be a key source of offset supply for the voluntary carbon market. 

July 24 2024

The Cost of Decarbonizing Industry is High, But Within Reach

Producing the materials needed for the infrastructure and objects we use every day accounts for more than 20% of global emissions. These are some of the most difficult industries to decarbonize, as we have few ready options to replace the coal, gas and oil they typically use as fuel and feedstocks. Over the next six years hydrogen, carbon capture and electrification will need to be tested and scaled, as industrial emissions must drop dramatically from 2030.

July 24 2024

Oil and Gas Divestment Trends 2023: Divestment Slowed

Listed international oil companies (IOCs) are under the spotlight as the oil and gas industry faces mounting public and investor pressure to decarbonize. In response, IOCs have engaged in investing and divesting to position themselves for the energy transition.

July 15 2024

US is Set to Expand Global Lead in Capturing Carbon

The US leads the global carbon capture industry. Its capacity is expected to jump sevenfold by 2035, aided by the incentives offered by the Biden administration.