Tag: BloombergNEF

Fund Managers Still Drive Twice as Much Investment to Fossil Fuels as Clean Energy

Stuart Mitchell

Global fund managers are driving twice as much capital investment into fossil fuels as they are into low-carbon energy supply, according to new analysis by BloombergNEF (BNEF). For every $1 of capital expenditure attributed to investment funds around the world that backed oil, natural gas or coal assets, just 48 cents went into low-carbon capex, the BNEF analysis showed. The report analyzes almost 70,000 funds and introduces a new method for investors to quantify and measure climate alignment of their portfolios. BNEF’s Energy Supply Fund-Enabled Capex Ratio (ESFR) is a…

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Solar Shines the Path for the Philippines to Reduce Reliance on Fossil Fuel Imports

Stuart Mitchell

Increasing the role of renewables in the generation mix could reduce the Philippines’ reliance on imported fuels and boost its energy security, according to BloombergNEF’s latest report, The Philippines’ Path to Clean and Affordable Electricity. 2025 is a pivotal year for the Philippines to accelerate decarbonization of its power sector. As a Paris Agreement signatory, the country will need to submit its updated Nationally Determined Contribution (NDC) with emission targets for 2035. The report finds that increasing the share of renewables in the Philippines would also reduce the final cost…

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Power Generation from Renewables Set to Jump 84% in Next Five Years as Demand from New Data Centers Surges: BloombergNEF

Stuart Mitchell

Navigating the energy transition has never been more complex for investors and businesses as they face elevated policy risks and geopolitical tension. BloombergNEF’s (BNEF’s) New Energy Outlook 2025, published recently, examines the strong case for clean energy technologies and how the global energy transition is expected to progress at the intersection of increasingly cost-competitive solutions and growing energy demand. BNEF’s updated Economic Transition Scenario (ETS) maps out a route to a lower-carbon energy system in a world where cost-competitive technologies drive investment decisions to meet rising energy demand. Under this…

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Chinese Manufacturers Lead Global Wind Turbine Installations, BloombergNEF Report Shows

Stuart Mitchell

Wind turbine installations hit a record for a second year in 2024, driven by rapid growth in mainland China, according to a new report by research provider BloombergNEF (BNEF).    Globally, developers brought online 121.6 gigawatts (GW) of wind turbines worldwide last year, double the capacity commissioned in 2019, according to BNEF’s 2024 Global Wind Turbine Market Shares. Some 109.9GW, or 90%, of global wind additions, were on land while 11.7GW was offshore.  Mainland China accounted for six of the top 10 turbine makers worldwide. The top four spots were…

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Global Cost of Renewables to Continue Falling in 2025 as China Extends Manufacturing Lead: BloombergNEF

Stuart Mitchell

The cost of clean power technologies such as wind, solar and battery technologies are expected to fall further by 2-11% in 2025, breaking last year’s record. According to a latest report by research provider BloombergNEF (BNEF), new wind and solar farms are already undercutting new coal and gas plants on production cost in almost every market globally. Meanwhile, China’s clean technology manufacturing overcapacity has led to rising protectionism in the form of import tariffs by countries to avoid cheap imports upending their own energy markets. Trade barriers could temporarily stall…

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