BNEF at COP28
Research for global climate action
The transition to net-zero will require complex, systemic change. Policymakers, companies, financial firms and civil society need accurate data on the various sectors, technologies, and commodities required for the transition. Further, they need to connect the dots across these commodities and technologies to accurately assess the necessary changes. BloombergNEF works closely with clients to help them connect these dots and manage the energy transition.
The 28th UN Climate Change Conference of Parties (COP28) in Dubai was a key checkpoint for the world to understand where we are in the transition and what still needs to be done. Leading up to COP28, BNEF published the following public reports to help guide conversations around energy, transport, industry, biodiversity, policy and finance.
Featured Research
NetZero Pathfinders Report: Scaling Technologies for Greening Heavy Industry
20 November 2023
The NetZero Pathfinders Report: Scaling Technologies for Greening Heavy Industry assesses some of the most promising policy solutions to scale up the technologies needed to decarbonize the hard-to-abate industrial sectors. This is delivered through the lens of 15 success stories, where policies are already demonstrating strong potential to drive technology deployment or emissions abatement.
Tripling Global Renewables by 2030: Hard, Fast and Achievable
21 November 2023
World leaders have been building momentum to triple global installed renewable energy capacity to 11 terawatts by 2030. This goal will take center stage at the United Nations climate summit in the United Arab Emirates this month as the COP28 Presidency seeks international agreement on it. The proposed pledge puts renewable energy at the forefront of upcoming negotiations and aligns with BloombergNEF’s own analysis on a net-zero pathway. Achieving the right mix of technologies is critical, and will require global commitments to remove bottlenecks, particularly those affecting wind and power grids.
Climate Policy Factbook: COP28 Edition
21 November 2023
BNEF’s Climate Policy Factbook evaluates the G-20 members’ progress in three concrete policy areas: 1) phasing out support for fossil fuels, 2) putting a price on emissions, and 3) implementing climate risk policy. The report aims to increase transparency and inform priorities ahead of the COP28 climate summit, where countries will conclude the first ‘stocktake’ of global progress toward the Paris Agreement and deliver policy recommendations to encourage governments to ratchet up their climate plans.
Scaling Up Hydrogen: The Case for Low-Carbon Ammonia
28 November 2023
Decarbonizing ammonia would lead to large reductions in greenhouse gas emissions from agriculture, shipping and chemicals production. Developers have announced a pipeline of 180 million metric tons of low-carbon ammonia plants that could be built by 2035, but the challenge is now to secure offtake contracts and financing for this production. This Climate Technology Coalition whitepaper outlines commercial actions and policy recommendations that, if implemented, should stimulate the required demand and set the industry on a path to decarbonization.
Climatescope 2023: Power Transition Factbook
29 November 2023
Climatescope, BNEF’s annual assessment of individual markets in the energy transition, provides an analysis of clean energy progress and attractiveness across 110 developing economies, which together accounted for nearly two-thirds of total global clean energy additions in 2022 and 82% of the world’s population. This year’s report finds India as the most attractive developing economy for renewable energy investment, narrowly edging out mainland China, Chile, the Philippines and Brazil.
Mobilizing Capital in and to Emerging Markets
1 December 2023
This report provides an overview of the current state of the energy transition and its financing in EMDEs and discusses how to execute and accelerate it, using six country case studies – Argentina, Brazil, Egypt, India, South Africa and Vietnam. Moreover, the report discusses four transformative initiatives or developments that could significantly accelerate the transition in EMDEs: the emergence of country platforms as a coordinating mechanism, ongoing efforts to strengthen and evolve MDBs, the scaling of high-integrity voluntary carbon markets, and the development of coal phase-out strategies.
When the Bee Stings: Counting the Cost of Nature-Related Risks
9 December 2023
Nature-related risks have led to billion-dollar losses on corporate balance sheets. In collaboration with the Taskforce on Nature-related Financial Disclosures (TNFD), BNEF examined the impact of exposure to nature risk and the importance of businesses understanding and managing their dependencies on the natural world.
