Energy Management Articles
Blog posts tagged with "BNEF"
Carbon Capture Volume to Rise Sixfold by 2030
The global capacity for carbon capture in 2030 is set to rise sixfold from today’s level to 279 million tons of CO2 captured per year, according to BloombergNEF’s (BNEF) 2022 CCUS Market Outlook.
BNEF: First Time For Wind and Solar Top 10% Global Power Generation
Wind and solar projects met over 10% of global electricity demand for the first time in 2022, according to research company BloombergNEF (BNEF).
Net Zero Petrochemicals Needs Billions in Investment
Altering the production of petrochemicals to omit carbon emissions requires investing an extra $759 billion by 2050, according to a new report from research firm BloombergNEF (BNEF).
Energy Transition Investments Hit Record Level in 2021
Despite the Covid-19 pandemic, 2021 was a record-breaking year for investments in the energy transition and the deployment of renewable power, battery storage, and sustainable transportation.
Corporate Clean Energy Buying Passes 30GW
Corporations bought a record 31.1 gigawatts of clean energy through PPAs in 2021, up nearly 24% from the previous year’s record of 25.1 GW according to a report by research firm BloombergNEF (BNEF).
Steel Industry Use of Hydrogen Could Avoid Carbon Emissions
Steel production could occur without any carbon emissions if the industry spends $278 billion by investing in hydrogen and recycling by 2050, according to a report by BloombergNEF (BNEF).
Cumulative offshore wind to top 200GW by end of decade
BloombergNEF (BNEF) announced that it expects the cumulative capacity of offshore wind to top the 200GW mark, reaching 206GW by the end of the decade.
Despite 2020 challenges, corporate clean energy buying grew 18%
BNEF announced on Jan. 26 that its research shows that corporations purchased a record 23.7 GW of clean energy in 2020, up from 20.1 GW in 2019 and 13.6GW in 2018. The increase came despite the COVID-19 pandemic, a global recession and uncertain federal policy.
Sustainability Programs During COVID-19: There’s a will… but is there a way?
As the energy industry faces the continuing shock of the COVID-19 pandemic, it’s becoming clear that organizations want to hold firm to their sustainability strategies, even as budget uncertainty and competing priorities may get in the way. Smart Energy Decisions, in partnership with BloombergNEF, fielded a survey among energy executives to measure the current impact of COVID-10 on a series of sustainability factors as well as what they anticipate the impact to be as we move through re-openings and economic recovery.
BNEF finds emissions could drop 60% through electrification of Europe
A new report published by BloombergNEF Feb. 11 found that greenhouse gas emissions could be reduce by 60% between 2020 and 2050 through the electrification of the transport, buildings and industrial sectors in Europe.
BNEF reports 237 companies are on track for science-based emissions targets
Over 237 companies have validated their science-based targets, which when added amounts to 488 million metric tons of CO2, and are on track to meeting their emission reduction targets, a new report by BloomgbergNEF found.
Clean energy investment exceeds $300B for 5th year
Global clean energy investment reached $332.1 billion in 2018, the fifth year in a row to top $300 billion despite an 8% decline from 2017.
Energy storage will attract $620 billion in investments by 2040
The forecast for the energy storage market, including behind-the-meter and grid-scale batteries, is expected to boom in the coming decades as the cost of batteries continues to fall.
Investment in renewables squeezes coal
An estimated $11.5 trillion of investment will go into electricity generation between now and 2050, including 85% percent, or $9.8 billion, for wind, solar and other zero-emissions technologies such as hydro and nuclear.
Growth of E-buses to outpace E-cars
Sales of electric buses are expected to jump by 84% by 2030, while cars will grow by 28% in the same period. Overall, the electrification of road transport will move into top gear in the second half of the 2020s, thanks to tumbling battery costs and larger-scale manufacturing.
BNEF: Oil majors join C&I sector in cutting GHGs
It's no longer just the C&I sector of the economy that has ramped up its commitment to reducing greenhouse gas emissions: According to a new report from Bloomberg New Energy Finance, the oil majors have also hopped on board.
Bloomberg: Solar to become cheapest power source
Though solar generated power is already cheaper than coal in some parts of the world, new data from Bloomberg New Energy Finance suggest that may be the case globally, on average, by 2025.
BNEF: Clean energy investment slipped again in Q3
Global clean energy investment had its weakest quarter since 2013 between July and September this year, with U.S. investment alone declining 40% compared to the year-ago quarter.
Clean energy guru sees more corporate renewables purchases
Bloomberg New Energy Finance's Michael Liebreich anticipates corporations will continue pursuit of directly sourcing renewable energy to power their organizations.
