Tag: BloombergNEF

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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Vietnam’s 2050 Net-Zero Target Represents a $2.4 Trillion Opportunity

Stuart Mitchell

Vietnam can still fulfill its goal of reaching net-zero emissions by 2050 and help limit global warming to well below 2C. But doing so rests on a rapid scale-up of clean power, electric vehicles and, to a lesser extent, carbon capture and storage technology, according to a new report published today by BloombergNEF, Net-Zero Transition: Opportunities for Vietnam. This report builds on the results of BNEF’s flagship New Energy Outlook 2024, presenting two updated climate scenarios: a Net Zero Scenario that maps a path to net-zero emissions globally by 2050,…

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New Study Shows American Sustainable Energy Technologies Are Ready to Meet Increasing Energy Demand

Stuart Mitchell

In 2024, U.S. power generation reached its highest volume in two decades, driven by growth in renewable energy technologies and by stable natural gas generation capacity. These energy growth sectors face favorable market conditions as the United States eyes rising energy demand, according to the 2025 Sustainable Energy in America Factbook published recently by BloombergNEF and the Business Council for Sustainable Energy (BCSE). 2024 saw continued investment and deployment across the power sector, especially in energy efficiency, renewable energy, energy storage, natural gas, and sustainable transportation. Meanwhile, rapidly rising expectations…

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Global Investment in the Energy Transition Exceeded $2 Trillion for the First Time in 2024, According to BloombergNEF Report

Stuart Mitchell

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

Stuart Mitchell

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…

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