'Demand has never been higher': How the energy crisis is proving an 'accelerant' for renewable energy

Latest data from BloombergNEF reveals 11 per cent increase in global renewable energy financing, as investment reaches record levels – is a tipping point being reached? The global economic outlook may be worryingly bleak, but there is still little evidence that inflation and dwindling confidence are impacting the booming renewables market as investment continued to … Read more

Could plug-in vehicles comprise almost a quarter of passenger vehicle sales by 2025?

Internal combustion engine sales now in ‘permanent decline’ worldwide, but aggressive policy action still needed to hit climate goals warns, BloombergNEF Plug-in electrified vehicles are on track to make up over the fifth of the new passenger vehicle market in 2025, with global sales expected to rise from 6.6 million in 2021 to 20.7 million … Read more

Petrochemical sector handed $759 billion estimate for net zero transition

BloombergNEF report says investment in electrification and carbon capture and storage could slash emissions across the petrochemical industry Is it possible to fully decarbonise the global petrochemicals industry? It is a crucial question given the sector’s out-sized carbon footprint and critical role in so many global supply chains. And the answer, according to a major … Read more