Investment in the low-carbon energy transition worldwide grew 11% to hit a record $2.1 trillion in 2024, according to Energy Transition Investment Trends 2025, an annual report released today by research provider BloombergNEF (BNEF). Growth was driven by electrified transport, renewable energy, and power grids, which all reached new highs last year, along with energy storage investment. While overall investment in energy transition technologies set a new record, the pace of growth was slower than the previous three years, when investment jumped by 24-29% annually. Electrified transport remained the largest…
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Gap Between Current Biodiversity Finance and Future Funding Needs Widens to $942 Billion, According to BloombergNEF
The gap between current biodiversity finance and future needs has widened to $942 billion, as increased investment has failed to keep pace with inflation, finds BloombergNEF (BNEF) in its latest Biodiversity Finance Factbook. Some $1.15 trillion in biodiversity financial flows will be needed in 2030 to restore and maintain biodiversity, the new report explains. That’s five times the $208 billion per year flowing to biodiversity right now. The investment shortfall comes as the threat to biodiversity reaches an unprecedented level. BNEF’s global threat index has increased by five percentage points…
Read MoreEurope Off-Track For 2030 Climate Targets, Despite Record Clean Energy Investment, According to BloombergNEF
European governments face an uphill battle if they are to deliver rapidly approaching and legally binding 2030 climate goals, according to New Energy Outlook: Europe, a new report published today by research provider BloombergNEF (BNEF). BNEF’s base-case ‘Economic Transition Scenario’, which describes how the energy sector evolves as a result of cost-based technology changes, assuming no additional policy interventions are made, sees the European Union and UK both widely overshooting their end-of-decade emission goals. Energy-related CO2 emissions breach 2030 targets for all sectors by over 200 metric million tons, or…
Read MoreMining Industry Needs $2.1 Trillion Dollars in New Investment by 2050 to Meet Net-Zero Demand for Raw Materials, Finds BloombergNEF in New Report
Despite the growth in metals supply over the last decade, BloombergNEF’s (BNEF’s) annual Transition Metals Outlook finds that there are still not enough raw materials to meet growing demand. This supply squeeze could slow the adoption of clean energy technologies. In order to meet the demands of a net-zero emissions world, BNEF estimates $2.1 trillion is needed in new mining investments by 2050. The report indicates that key energy transition metals such as aluminum, copper and lithium could face deficits in primary supply this decade – some as soon as…
Read MoreUS Falling Behind on its Climate Goals; Faster Adoption of Low-Carbon Technologies Needed to Get it on Track
The US’s transition to a net-zero economy by 2050 represents a $41 trillion investment opportunity in the country’s energy system, according to the New Energy Outlook: US, published today by research provider BloombergNEF (BNEF). The report details a pathway for the US energy system to reach net-zero emissions using the lowest-cost technologies available. The window for the US to get on track to hit its 2030 Nationally Determined Contribution (NDC) target is closing. The new report shows that getting there requires immediate action across multiple sectors. However, achieving that goal…
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