Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to new research. The forecast, put together by the advanced transport team at Bloomberg New Energy Finance, draws on detailed analysis of likely future reductions in price for…
Clean energy, natural gas consumption and energy efficiency rise, as coal burn and CO2 emissions fall and power prices stay flat in watershed 2015
New energy technologies in the U.S. made further critical advances and locked in long-term gains in 2015, according to a new study from Bloomberg New Energy Finance (BNEF) and the Business Council for Sustainable Energy (BCSE). Among other achievements, energy efficiency continued to rise, renewable power generation set new records and natural gas consumption and production surged as CO2 emissions fell to levels not seen since the 1990s, while power prices remained flat.
Servicing wind farms in China forecasted a multibillion dollar opportunity
Bloomberg predicts that operations and maintenance work on China’s huge and growing fleet of wind farms is on course to be a $3 billion/year market by 2022 China is the world’s largest wind market with more than 100 GW of wind capacity, equivalent to about 65,000 turbines, and is currently adding more than 30 new…
Record-breaking offshore wind deal helps drive up clean energy investment in Q2
Global clean energy investment surged to $63.6bn in the second quarter of 2014, up 33% compared to the first quarter and 9% compared to Q2 2013, according to the latest authoritative figures from research company Bloomberg New Energy Finance. Q2 2014 was the strongest quarter for investment since Q2 2012 which reached $69.6bn, and was…