RE100 members ‘will need to buy an extra 189TWh of clean power by 2030’

Bloomberg New Energy Finance suggests companies signed up to the corporate leadership initiative could face a collective shortfall of 189TWh by this time

Global energy storage capacity to exceed 1,000GW by 2040

It will require a total investment of $662bn over the next two decades

EV charging
Global EV sales ‘will dominate traditional car sales by 2040’

A new report from Bloomberg New Energy Finance expects EV sales to rise from two million last year to 56 million by 2040

Global LNG market faces sharp shifts in supply and demand

LNG supply is estimated to increase by 33 million metric tons per year in 2019

Green finance
Green bonds and loans market shoots to record activity

Activity soared by 26% to hit a total of $247 billion through the year

Solar and wind ‘keep cutting costs in nearly every economy’

Bloomberg New Energy Finance says this is the case even in previously coal-intensive countries such as China and India

Third-quarter clean investment down 6% from last year

The total figure reached $67.8bn over the quarter

Energy storage market ‘to double six times by 2030’

The global market for energy storage technologies will double six times between 2016 and 2030. That’s the prediction made in a new report from Bloomberg New Energy Finance (BNEF), which suggests the sector’s total capacity will rise to a total of 125 gigawatts or 305 gigawatt-hours. It likens the estimated trajectory with the boom witnessed […]

EVs to account for majority of new car sales by 2040

Electric vehicles (EVs) will make up 54% of new car sales globally by 2040. According to Bloomberg New Energy Finance (BNEF), they will also account for 33% of all light-duty vehicles during the same period. Its analysis draws on likely future reductions in price for lithium-ion batteries and prospects for other cost components in EVs […]

Global renewable investment drops, offshore wind spending up

Investment in offshore wind projects globally was up 40% last year to $29.9 billion (£24bn). However overall investment in clean energy fell 18% to $287.5 billion (£234bn), according to Bloomberg New Energy Finance (BNEF). That was due to Chinese slowdown and falling costs of solar power, it states. China and Japan both saw a fall […]