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No Doubt About It: EVs Really Are Cleaner Than Gas Cars

As electric vehicles become a bigger part of the global car fleet, a contrarian take seems to surface every few months: are electric vehicles really that clean?  The post No Doubt About It: EVs Really...

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China’s Goldwind Retains Turbine Supplier Lead, as Global Wind Additions Hit...

London and New York, March 27, 2024 – Global wind capacity additions surged to a record high of 118GW in 2023, according to a new report by research provider BloombergNEF (BNEF). BNEF’s 2023 Global...

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Lack of Capital Isn’t the Problem in Meeting Net-Zero Bill

Climate change won’t be a cheap problem to solve, with the race to net-zero emissions needing $4.8 trillion to be spent every year between now and 2030 on clean energy technologies. The post Lack of...

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Citi, JPMorgan First Adopters of Energy Finance Ratio

Citigroup Inc. has joined JPMorgan Chase & Co. in agreeing to disclose to investors their clean energy financing ratios, or the proportions of their low-carbon to fossil-fuel financing activity....

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Big Oil Pivots Away From Renewable Power on Low Returns

The oil and gas sector is shifting away from renewables and power in its decarbonization efforts, according to BloombergNEF’s latest analysis of the energy transition investment trends in the industry....

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Electrified Transport Market Outlook 1Q 2024: Speed Bumps

With 4.4 million units sold globally in the fourth quarter, and 13.7 million in 2023 as a whole, electric vehicles made up 18% of total passenger vehicle sales in the world last year. However, a likely...

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G-20 Members’ Climate Policy Progress Stalls

The world’s largest economies have made limited progress in boosting their decarbonization policies over the past year – a red flag for climate action as the urgency of the crisis ramps up. The post...

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BloombergNEF Announces 11 Climate Innovators as the Winners of the 2024 BNEF...

BNEF’s annual Pioneers award recognizes game-changing technologies or innovations with the potential to accelerate the transition towards a net-zero economy across three key climate challenges. The...

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Mega Boost for Carbon Offsets Market Seen from SBTi Easing

The role of carbon offsets, or tradeable verified emission reduction credits, has historically been limited with the UN-backed standards body — Science Based Targets Initiative or SBTi — restricting...

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China Already Makes as Many Batteries as the Entire World Wants

The cell oversupply picture is going to get worse before it gets better. The post China Already Makes as Many Batteries as the Entire World Wants appeared first on BloombergNEF.

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Oil’s $25 War Premium on Iran-Israel Risk Can Rapidly Fizzle Out

Crude oil prices slipped amid rising geopolitical tensions in the Middle East, which seems counterintuitive as conflict in the region can lead to major supply risks. The post Oil’s $25 War Premium on...

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Global Energy Storage Market Records Biggest Jump Yet

The global energy storage market almost tripled in 2023, the largest year-on-year gain on record, and that growth is expected to continue. The post Global Energy Storage Market Records Biggest Jump Yet...

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EU ETS Market Outlook 1H 2024: Prices Valley Before Rally

BloombergNEF expects the price of EU emission allowances to dip to an average of €65 per metric ton ($70/t) this year, before more than doubling to €146/t by the end of the decade. The post EU ETS...

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US Coal Plants Face New Rule: Capture CO2 or Shutter

The US Environmental Protection Agency’s final rule on carbon pollution from power plants may not be the boon for carbon capture that it seems. The post US Coal Plants Face New Rule: Capture CO2 or...

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Power-to-Liquids Primer: Fuel From Thin Air

E-fuels made from hydrogen and captured carbon dioxide via the power-to-liquids process can boast extremely low emissions compared to fossil fuels, and their capacity is expected to grow through 2030....

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Nature: The New Risk Shaping Sustainable Finance Policies

As policymakers incorporate broader environmental considerations into legislation, banks and investors will be compelled to better understand how to manage nature-related risks in their portfolios and...

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Hydrogen Supply Outlook 2024: A Reality Check

BNEF expects clean H2 supply to skyrocket 30-fold to 16.4 million metric tons per year by 2030, driven by supportive policy and a maturing project pipeline. However, this is still not sufficient to...

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Manhattan to JFK in 7 Minutes in ‘Affordable’ Electric Air Taxi

Joby Aviation is on track to launch electric air taxis in 2025, with planned service expansion in UAE, Korea and Japan. The post Manhattan to JFK in 7 Minutes in ‘Affordable’ Electric Air Taxi appeared...

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US Clean Power at “Inflection Point”: BNEF Summit New York

At the latest BloombergNEF Summit in New York, leaders unpacked key themes facing US clean power in 2024 including: siting and permitting of grids, supply chain uncertainty, negative pricing, tax...

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Urgent Deployment of Existing Technology Can Get World Close to Net Zero,...

• The study details how the world can still meet the goals of the Paris Agreement, and achieve net zero by mid-century • BNEF’s updated Net Zero Scenario traces the route to keeping the world on track...

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