Energy Management Articles
Blog posts tagged with "BloombergNEF"
Sustainable Energy in America Factbook 2023 - Executive Summary
Investment in clean energy generation and technologies shattered records in 2022, even as supply chain disruptions, an international energy crisis, and rising interest rates elevated prices for key energy commodities. The Sustainable Energy in America Factbook, produced for the Business Council for Sustainable Energy by BloombergNEF, provides year-over-year data and insights on the American energy transformation.
Carbon Offset Prices Could Rise by Fifty-Fold by 2050
Prices for carbon offsets, verified emissions reductions equivalent to one ton of carbon each, could, range from a low of $47/ton to a high of $120/ton in 2050,according to research company BloombergNEF (BNEF).
Two Thirds of Largest Global Emitters Found to Have Net Zero Targets
A new report found that 111 of the 167 companies responsible for over 80% of global industrial emissions have set a net-zero or equivalent target.
Renewable Energy Investments Up in First Half of 2021
New investments in renewable energy projects grew to $174 billion in the first half of 2021, representing the highest total ever recorded for the first half of any year.
Global wind market grew 59% in 2020 despite pandemic
The global wind market commissioned 96.3 GW of new capacity in 2020, reflecting 59% growth year-on-year, despite the economic challenges presented to the market due to the COVID-19 pandemic.
Energy transition investment reached $500 billion in 2020
On Jan. 19 BloombergNEF (BNEF) announced a new broad measure of energy transition investment showing global record-breaking 2020 commitments to decarbonization totaling $501.3 billion. This beats the previous year by 9% despite the economic disruption caused by the Covid-19 pandemic.
BloombergNEF reports sustainability and green bonds grew in 2020
BloombergNEF announced Jan. 11 that sustainable debt (sustainability bonds) grew 81% in 2020 to $68.7 billion, while the longest-established theme, green bonds, saw volumes rise 13% to a new record of $305.3 billion.
Wild West of net zero targeting called into question by new initiatives
Amid a growing number of net zero targets coming from large companies, there is an emerging need to set standards and common language in order for stakeholders to make sense of it all, a new study found.
Green bond issuance reached $1 trillion milestone after record month
Green bond issuance in the first nine months of 2020 increased 12% based on the same period in 2019, causing the market to pass its milestone of $1 trillion issued since the market first emerged in 2007.
Solar breaks record for new capacity in 2019
Solar power was overwhelmingly the most installed power-generating technology in 2019, with a record 118 GW of capacity constructed that year, a new report found.
Renewable jet fuel production soars in the U.S.
The U.S. nearly quadrupled its production of renewable jet fuel from 1Q 2020 to 2Q 2020 and in 2020 is expected to produce 30% more bio-jet than in 2019 despite a decrease in 1Q, a new report found.
Offshore wind became largest RE sector in 2020, despite Covid
Offshore wind capacity saw significant growth in the first half of 2020, with a total of $35 billion in project financing, becoming the largest-growing renewable energy source in an industry that rose 5% despite the economic fallout of Covid-19.
Clean hydrogen has potential to replace natural gas, report finds
A new report released March 30 by BloombergNEF finds that increasing the production of hydrogen from wind and solar power can be a powerful tool for reducing global greenhouse gas emissions by 2050.
Study shows significant drop in RE demand amid Covid-19 outbreak
A report released by BloombergNEF estimates that the coronavirus pandemic will significantly impact the renewable energy market over the coming year, including a drop in global solar demand from 121-152 GW to 108-143 GW and the first
2020 Sustainable Energy in America Factbook
Over the past 10 extraordinary years, the United States has fundamentally overhauled how it produces, delivers and consumes energy. The 2020 edition of the Sustainable Energy in America Factbook – produced for the Business Council for Sustainable Energy by BloombergNEF – looks at the U.S. energy transformation of the past decade (2010 – 2019).
Corporates on track for biggest year in global PPAs
Corporations signed contracts to purchase 8.6GW of clean energy in 2019 through July. This is up from 7.2GW at the same time last year. Overall, 2019 is on pace to be bigger than 2018 for corporate PPAs globally. The U.S. made up 69% of this activity, making it by far the biggest market globally.
Power sector efficiency up despite emissions increase
The electricity sector continued to improve its carbon intensity in 2018 due to increased renewable energy and natural gas power generation and investments in energy efficiency, even as a stronger economy and volatile weather boosted energy demand and contributed to a rise in economy-wide carbon dioxide (CO₂) emissions.
Corporate Clean Energy Buying Surged to New Record in 2018
Corporations bought a record amount of clean energy through PPAs, in 2018, shattering the previous record set in 2017, according to this column from BloombergNEF. Moving forward even at this accelerated rate, will RE100 companies meet their 2030 targets?
Corporations shatter record for clean energy PPAs
Corporations purchased 13.4 gigawatts (GW) of clean power through PPAs in 2018, more than double the 6.1GWs recording in 2017. The PPAs were signed by 121 corporations in 21 different countries, positioning corporates alongside utilities as the biggest buyers of clean energy globally.
