BloombergNEF

BloombergNEF’s latest reports reveal that zero-carbon sources powered over 40% of global electricity in 2023, with wind and solar hitting new highs at 14%. Key Highlights: ◾ Record Renewable Share: 91% of net new power capacity came from solar and wind. ◾ Continued Investment: $313 billion in renewable energy in H1 2024, maintaining momentum. ◾ Strong Growth: Renewable power output up 5%, comprising nearly a third of global generation. #CleanEnergy #Sustainability 🔗 Read more: https://bloom.bg/4fUL1CR

Help! At BloombergNEF we are completing our survey on commercial EV charging hardware costs and installation prices. Please DM/comment/email [email protected] if you sold/bought/installed charging hardware in public or at a workplace in the past 12 months and are willing to take part. All information is anonymized and I can send a copy of the report over upon completion (I'll also send the last version!) If you know of relevant public documents where we can extract pricing data I'm all ears for that as well! If you can't fill in a survey please consider liking or sharing the post. Thank you! #electricvehicles #charginginfrastructure #wireless #v2g Madeleine Brolly Ash Wang Colin McKerracher Nikolaos Soulopoulos Aleksandra O'Donovan Evelina Stoikou Yayoi Sekine Andrew Grant

The #BNEFSummit New Delhi is right around the corner! Take the opportunity to attend virtually 🔗 👉 ( https://bloom.bg/3T3vXZu ). 📢 We are delighted to announce the participation of the following distinguished ministers from the Government of India: - Nitin Gadkari, Minister of Road Transport and Highways of India, Government of India - Ashwini Vaishnaw, Minister of Railways, Information and Broadcasting, Electronics and Information Technology, Government of India - Pralhad Joshi, Minister of Consumer Affairs, Food and Public Distribution, and New and Renewable Energy We're looking forward to welcoming our sponsor & supporting partners ⬇️ ⬇️ ⬇️ Sponsor: Sumitomo Mitsui Banking Corporation – SMBC Group Supporting Partners: Climate Collective USIBC - US India Business Council

The landscape for producing renewable fuels is shifting. A number of firms have either abandoned, paused or reversed renewable projects, the vast majority using hydroprocessing — the dominant technology for producing renewable diesel and SAF. From Sept 2023 to July 2024, almost 1 billion gallons per year of nameplate capacity have been switched to ‘Paused/Abandoned’ status, according to BNEF’s Global Renewable Fuel Project Tracker. 🔗 Read more: https://lnkd.in/dEmbgunK #RenewableFuels #Hydroprocessing

Clean ammonia supply could grow 22 to 30-fold this decade, reaching up to 32 million metric tons of capacity in 2030. According to new research by BNEF: ◾ 92% of the new ammonia supplies added between 2024 and 2030 will be clean. ◾ The traded clean ammonia market could reach 11 million metric tons in 2030, based on incentives in importing markets. ◾ $45 per metric ton of profits could be made by an ammonia producer by retrofitting an existing plant with carbon capture. 🔗 Read more: https://bloom.bg/3XdvV42 #CleanAmmonia #SupplyOutlook

BloombergNEF’s latest New Energy Outlook: Australia details how the country can still meet decarbonization targets and achieve net-zero emissions by mid-century. With $2.4 trillion of investment and a transformative shift to 290 GW of wind and solar capacity by 2050, the goal is within reach. Key insights from our Net Zero Scenario: ◾ Rapid Transition Needed: 135% growth in renewable energy capacity by 2030 ◾ Power Demand Surge: 2.5-fold increase ◾ Energy Mix Evolution: Almost a full shift away from unabated coal and gas, embracing renewables and flexible technologies 🔗 Read more: https://bloom.bg/4cyLBD2 #ClimateAction #Sustainability

🚗 Sales of vehicles with a plug are on the rise. While plug-in hybrids are growing quickly, BNEF still expects battery electric vehicles to be the bulk of EV sales. 🔗 Learn more in our Electric Vehicle Outlook 2024: https://bloom.bg/46LTxj4 #BNEFEVO #EV #sustainability

EV sales hit new highs in 2023. But some markets are experiencing a slowdown and many automakers have pushed back their EV targets. What are the challenges and opportunities? What lies ahead? 🎧 Tune in to BNEF’s Switched On podcast for an overview of this year’s Long-Term Electric Vehicle Outlook: https://bloom.bg/3yyMyxw #Podcast #ElectricVehicles #EV #CleanTransport

Agricultural carbon markets are underappreciated and underdeveloped but “carbon farming” might change that. BloombergNEF estimates that carbon farming could produce $13.7 billion of carbon credits annually by 2050. 💡 Key points: ◾ Agricultural carbon credits (including both avoidance and removal credits) currently make up just over 1% of the 1.7 billion credits issued in the voluntary carbon market as of 2022. ◾ Avoidance-based projects currently dominate: Only 344,800 of 22 million agriculture carbon credits were generated by projects that remove carbon and sequester it in soils. ◾ Soil carbon sequestration through sustainable farming practices could lock up 5 billion metric tons of CO2e per year until 2050 — equivalent to roughly 10% of annual emissions. 🔗 Read more here: https://bloom.bg/3WXNk0g #CarbonFarming #Innovation #Sustainability

The Bezos Earth Fund aims to accelerate the global energy transition. Set up by Amazon founder Jeff Bezos in 2020, the Bezos Earth fund plans to give out $10 billion as grants by the end of the decade, backing projects including: 🚍 Electrification of the entire US fleet of 480,000 school buses ⚡ Bulk procurement of solar panels and batteries in Africa 💡 AI for climate and nature "We are looking at what we can do now in this decade - which we call the "decisive decade" - to enable transformational changes..." 🔗 Read more in BNEF’s interview with Nicole Iseppi, the fund's Director of Global Energy Innovation: https://bloom.bg/3LW3xgb #BezosEarthFund #EnergyTransition #Innovation #AI