October 18 2022

Global Carbon Capture Capacity Due to Rise Sixfold by 2030

  More than $3 billion has been invested in carbon capture so far in 2022   New York and London, October 18, 2022 – The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO2 captured per year, according to research company BloombergNEF’s (BNEF) […]

October 12 2022

Global Energy Storage Market to Grow 15-Fold by 2030

  More ambitious policies in the US and Europe drive a 13% increase in forecast capacity versus previous estimates   New York, October 12, 2022 – Energy storage installations around the world are projected to reach a cumulative 411 gigawatts (or 1,194 gigawatt-hours) by the end of 2030, according to the latest forecast from research […]

September 28 2022

Japan’s Ammonia-Coal Co-Firing Strategy a Costly Approach to Decarbonization, Renewables Present More Economic Alternative

Clean ammonia is better suited for the decarbonization of other applications such as fertilizer production   Tokyo, September 28, 2022 – Japanese utilities are exploring the case for retrofitting their existing coal power plants to enable co-firing of coal with ammonia to reduce carbon dioxide emissions. However, ammonia-coal co-firing is unlikely to become an economically […]

September 21 2022

Wind And Solar Top 10% of Global Power Generation For First Time

Renewables made a record contribution to global grids in 2021, but coal-fired power and emissions jumped to new highs, according to BloombergNEF’s Power Transition Trends London, São Paulo, September 21, 2022 – The world’s wind and solar projects combined to meet more than a tenth of global electricity demand for the first time in 2021, […]

August 2 2022

Renewable Energy Sector Defies Supply Chain Challenges to Hit a Record First-Half For New Investment

  BloombergNEF reports an 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226 billion   London, August 2, 2022 – Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year. […]

June 30 2022

Cost of New Renewables Temporarily Rises as Inflation Starts to Bite

  Supply-chain woes push up cost of new-build solar, battery storage and onshore wind, which rises between 4% and 14% from year ago   London and New York, June 30, 2022 – The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis […]

June 22 2022

$223bn Investment Needed for India to Meet 2030 Wind and Solar Goals

  Renewables crucial for India to meet its longer-term climate goals   New Delhi, June 22, 2022 – India will require $223 billion of investment in order to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF (BNEF). The goal is part of the […]

June 1 2022

Net-Zero Road Transport By 2050 Still Possible, As Electric Vehicles Set To Quintuple By 2025

  Last internal combustion vehicle must be sold by 2038 to achieve net-zero global fleet by 2050; urgent policy action key, especially on heavy commercial vehicles finds BNEF   London and New York, June 1, 2022 – The road transport sector can still reach net-zero emissions by 2050 through electrification, but urgent action is required […]

May 24 2022

$759 Billion Required for a Net-Zero Petrochemicals Sector by 2050

  CCS and electrification will decarbonize the key chemicals used across industry   New York and Munich, May 24, 2022 – Petrochemicals could be made with almost no carbon emissions by investing an extra $759 billion by 2050, according to a new report from research firm BloombergNEF (BNEF). Electrification and carbon capture and storage are […]

April 19 2022

BloombergNEF Announces its First Net Zero Summit in Bali Ahead of B20 and G20 Summits

  Net zero-themed Summit to convene 300 global and Indonesian business leaders and investors on November 12, 2022   New York, April 18, 2022 – BloombergNEF (BNEF) will host a special one-off BloombergNEF Summit Bali on November 12, 2022 ahead of the Business 20 (B20) and G20 Summits taking place in Bali, Indonesia, in the […]

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