By Murray Rosenblith, co-Manager, New Alternatives Fund
A recent article in Bloomberg New Energy Finance predicts that two-thirds of the world’s power will be generated by renewable resources by the year 2050. This projection is based on the continuing growth of new renewable power generation projects, primarily wind and solar, over the next thirty-plus years. Conditions have certainly changed since New Alternatives Fund entered the investment world in September 1982.
The supply of cobalt has emerged as a potential risk to the pace of growth in electrified transport over the next few years
London and New York, May 21, 2018 – The electrification of road transport will move into top gear in the second half of the 2020s, thanks to tumbling battery costs and larger-scale manufacturing, with sales of electric cars racing to 28%, and those of electric buses to 84%, of their respective global markets by 2030.
January 16, 2018 /3BL Media/ - An extraordinary boom in photovoltaic installations made 2017 a record year for China’s investment in clean energy. This over-shadowed changes elsewhere, including jumps in investment in Australia and Mexico, and declines in Japan, the U.K. and Germany.
December 6, 2017 /3BL Media/ - Bloomberg New Energy Finannce (BNEF) released its annual Climatescope findings, assessing 71 countries in emerging markets on their progress made toward the clean energy transition. Solar capacity jumped by more than half in developing nations.
Climatescope tracks the conditions for clean energy investment on and off the grid and provides a wealth of publicly-available information.
Focused on the electricity system, New Energy Outlook (NEO) combines the expertise of over 80 market and technology specialists in 12 countries to provide a unique view of how the market will evolve.
What sets NEO apart is that our assessment is focused on the parts of the system that are driving rapid change in markets, grid systems and business models. This includes the cost of wind and solar technology, battery storage, electricity demand and the uptake of EVs among others.
As interest in green bonds continued to grow in the past year, so has interest in integrating environmental, social and governance (ESG) factors into fixed income investing. In line with this trend, Bloomberg is supporting credit analyst research and portfolio managers’ investment decision-making with comprehensive company-reported ESG data and third-party research providers’ performance scores.
In partnership with the Business Council for Sustainable Energy (BCSE)
The 2017 Sustainable Energy in America Factbook marks the fifth year that BCSE and BNEF have collaborated to document the transformation of the US energy system and the growing contributions of sustainable energy technologies.
In the past five years, these contributions have been significant, including:
China is the world's top emitter of carbon dioxide and the world's largest user and producer of coal. Any step the nation takes to reduce its fossil fuel consumption would translate into significant cuts in global greenhouse gas emissions.
China's 114 gigawatts of canceled, early-stage coal projects amounts to about 40 percent of America's total coal generating capacity of 276 gigawatts.
Industry is “poised for rapid growth,” especially in emerging markets
January 29, 2016 /3BL Media/ - To reach the level of investment in new renewable power generation needed to avert dangerous climate change, $12.1 trillion of investment will be needed over the next 25 years, which is $5.2 trillion above business-as-usual projections, a new report by Ceres and Bloomberg New Energy Finance concludes.