Tag: 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…

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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…

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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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India’s window to curb its carbon emissions in line with the major goal of the Paris Agreement – holding global warming to well below two degrees Celsius and avoiding the worst impacts of climate change – is still possible, however, it looks increasingly hard to achieve. BloombergNEF’s (BNEF’s) New Energy Outlook: India shows what it would take to get there. India must rapidly decarbonize its power sector – the largest emitter in the country – to stay on track, more than tripling its solar and wind capacity by 2030 to…

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BloombergNEF’s New Energy Outlook: China illustrates how the country could accelerate its decarbonization journey. By achieving net-zero emissions a decade earlier than its current 2060 target, China—the world’s largest emitter—could play a pivotal role in enabling the world to meet the Paris Agreement goal: keeping global warming well below two degrees Celsius and averting the worst impacts of climate change. The report emphasizes that scaling up clean technologies for hard-to-abate sectors is crucial for this accelerated transition. The New Energy Outlook: China, published today by research provider BloombergNEF (BNEF), presents…

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