New Energy Outlook

Sector and Regional Reports

The New Energy Outlook (NEO) is BloombergNEF’s long-term scenario analysis on the future of the energy economy covering electricity, industry, buildings and transport and the key drivers shaping these sectors until 2050.

This year we are diving deeper into our NEO 2022 analysis in a series of special reports on country and sector pathways to reach net zero by 2050.

New Energy Outlook: China

30 May 2023

China can achieve its dual goals of peak emissions before 2030 and carbon neutrality before 2060, on an accelerated timeframe, while strengthening its energy security. China already leads the world in energy transition investment, accounting for $550 billion in spending in 2022, or around half of the global total. To stay on track for net zero by 2050, China will have to triple the rate of investment in the latter half of this decade to an annual average of $1.66 trillion.

New Energy Outlook: Australia

23 May 2023

Australia’s transition to one of the most diversified and low-carbon systems in the world is already underway, driven by favorable economics and an abundance of natural renewable energy resources. However, federal and state governments must accelerate the deployment of established decarbonization technologies, and the development of others, if Australia is to meet its Paris Agreement goals. This report shows pathways and cost for Australia to meet climate goals and become a major hydrogen exporter.

BNEF clients can access the full report here.

New Energy Outlook: Europe

15 May 2023

Energy-related emissions in Europe are already falling. But the region needs to double the pace of emissions reductions and mobilize over $32 trillion of investment to deliver a net-zero energy economy by 2050. Europe’s next phase of decarbonization relies on a step-change in clean power deployments, rapid electrification of the end-use economy, particularly road transport and heating for buildings, growing use of net-zero fuels in key sectors, and clean industrial production capacity.

BNEF clients can access the full report here.

New Energy Outlook: Industry

2 March 2023

Industrial production makes up roughly 20% of global CO2 emissions today. By 2050, the sector will need to be abating more than seven billion tons of CO2 per year to reach net-zero. This will require emerging economies to build clean industrial capacity from now on. Developed economies face a choice of retiring or retrofitting polluting capacity.

BNEF clients can access the full report here.

New Energy Outlook: Grids

2 March 2023

At least $21.4 trillion needs to be invested in electricity grids by 2050 to support a global net-zero trajectory. But spending on grids has fallen short in recent years, resulting in bottlenecks that are slowing the deployment of renewables and electrification.

BNEF clients can access the full report here.


BloombergNEF New Energy Outlook reports on regional and sector transitions are available in free executive summaries. Simply complete the form below to receive access instructions via email.

BNEF clients can access the full NEO 2022 global summary report as well as previous annual editions.

Visit the client page.

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