BloombergNEF

With additional supply and record-low emissions, EU emission allowance prices have been subdued. But what will next year bring? 🤔 💡 Check out BloombergNEF's analysis for insights into the 2024 outlook: https://bloom.bg/4eFwSs2 #Decarbonization #ETSTrading #EnergyTransition

That's a wrap on #BNEFSummit London ✅ Big thanks to our speakers, attendees and sponsors 🤝 ⬇️ ⬇️ ⬇️ Partner Plus: ➜ Google ➜ Windey Energy Partners: ➜ Standard Chartered Corporate & Investment Banking ➜ SOFAR ➜ Tongwei Solar ➜ Trinasolar ➜ JA Solar Sponsors: ➜ Astronergy Solar ➜ HUASUN HJT

Day 1 of #BNEFsummit London is in the books, here are key takeaways: 🔹 Time is running out to stay on track to reach net-zero targets by 2050. We’re nearly halfway through a decisive decade, but massive amounts of money are still needed, said BloombergNEF Chief Executive Officer Jon Moore. ⏰ 🔹 Multiple executives called for more spending on the electric grid to bring clean energy to consumers. ScottishPower CEO Keith Anderson said the UK should invest 3-4 times as much on the grid as it spends on renewable power production. 💰 🔹 After a period of high-interest rates, supply chain bottlenecks and inflation, it may be time for a reset on financing. “It’s a good time to be somebody with a lot of dry powder,” said Macquarie Group’s Mark Dooley. 📈 🔹 Brookfield Asset Management sees an opportunity to ink billion-dollar deals in the renewable-power industry after valuations dropped in recent years. ♻ 🔹 The key to avoiding bad investments in the transition away from fossil fuels is to focus on demand, not just supply, according to KKR ✔ Don't miss Day 2 of the #BNEF Summit London! We'll be sharing more key takeaways and discussing the latest trends in energy, finance & technology.

Delivering a clean, competitive energy transition is the key for Europe’s overall competitiveness and a sustainable world. But are we doing enough? Today we had a fruitful dialogue in BloombergNEF Summit in London with Francesca Gostinelli, Keith Anderson, and Piotr Sudol, with the excellent moderation of Albert Cheung. Overall, I would say we are moving faster towards our goal but we need to speed up even more!!! On the ground activity though, the approx. 240GWs of renewables deployed around Europe over the last three years, progressed fast because of the compelling economic case. Solar and wind are the cheapest ways of producing 1MWh of new electricity nowadays!!! We have markets that are operational and deliver the appropriate signals. We need dynamic regulation (not unpredictable) to de-risk and invest in infrastructure. And for sure we need a capital markets union. The most powerful weapon in our armoury is unity in Europe and we need to leverage this as much as we can. Grid development is lagging behind. And it takes about 5 to 10 years to develop transmission grid; sometimes more than 10 years, according to IEA, for fast transmission lines. We need to be smart and proactive. This means a dynamic and coordinated across Europe regulatory approach for our grid investments. This is the only way to continue developing clean energy, decarbonising EU energy while also security supply. PPC Group is doing its part! Our evolution the past five years is the very definition of the energy transition and security of supply. In terms of generation we have completely reshaped our portfolio. Performing the fastest lignite phase out plan by 2026, while at the same time we are developing clean energy very fast. We are on track to add 4.3GW of new clean energy across SEE by 2026 doubling the size of our portfolio and then with our strong pipeline triple it by 2030. Europe doesn’t have cheap gas. But what we do have is significant availability of solar and wind resources that are also complementary. And this has been part of our thinking behind our big expansion in Romania. Romania has great wind resources and Greece has great solar ones. Combining them we create an energy corridor in SEE and deliver value to our consumers through green and affordable electricity and products while reducing reliance on fossil fuels. And its not only Romania. There is great potential in the countries of our region as they are progressing with their decarbonisation plans. Through our integrated business model (generation, distribution and retail of electricity) and the range of advanced products and services we offer to our customers we are doing much more than keeping the lights on; We are powering people’s daily lives while driving the energy transition in Southeast Europe. #RES #BNEF #Sustainability #energy #PPC #future Elena Giannakopoulou Andrei Covatariu

Rising costs are slowing progress on companies’ circular plastic ambitions. Many firms face challenges in sourcing recycled materials and accessing the necessary infrastructure to meet their sustainability targets. Despite these hurdles, some leaders like Coca-Cola, L’Oréal and LyondellBasell continue pushing forward with ambitious circular economy goals. 📈 🔎 Read more: https://bloom.bg/4dy6m2f #CircularEconomy #Sustainability

Despite the growth in metals supply over the last decade, BNEF's 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. BNEF estimates $2.1 trillion is needed in new mining investments by 2050 to meet the demands of a net-zero emissions world.💡 👉 Download the executive summary: https://bloom.bg/4dApqx9 #EnergyTransition #NetZero #CleanEnergy

Earlier today, BloombergNEF published its Transition Metals Outlook 2024. *First things first, there is not enough metals to meet net zero demand by 2050. Bridging this mining gap will require $2.1 trillion in upstream investments. Recycling will help meet the demand whiles lowering supply chain emissions. *Southeast Asia overtakes China to become the fastest growing consumer of critical minerals in the 2030s. This is an opportunity to accelerate the region's industrialization through domestic value-addition. *Applying DoJ's interpretation of the H-H Index, the refined supply chain of all the metals considered in the report are concentrated. Diversification will require international coordination, incentives and business-friendly environments to build new sources. *Mining has an environmental history. The industry must adopt sustainable practices, implement robust disclosures to track progress and safeguard biodiversity. A 91-page report, filled with 88 data-rich charts, is a product of team work. I want to say a big kudos to the metals team Ellie, Allan, Yuchen, Rosemary, Peng and the wider BNEF team for working round the clock with precision and quality. BNEF clients can access the report here: https://lnkd.in/dfxG8sWB Non clients can download the executive summary here: https://lnkd.in/deCC79nf Press can find the release here: https://lnkd.in/d8VEHGT3

Clean power, electrified transport, and decarbonized industry are three key pillars in the transition to a low-carbon economy. BNEF's annual Energy Transition Factbook, produced in collaboration with the Clean Energy Ministerial and Bloomberg Philanthropies, delves into the major trends and identifies critical solutions in each of these sectors. 👉 Read the full factbook here: https://bloom.bg/3Na7TB6 #NetZero #EnergyTransition #CleanEnergy

Last week at BNEF’s 2024 New York Climate Week event, we heard from industry leaders, policymakers, and innovators on how to mobilize capital and accelerate the transition to net-zero. BNEF experts shared insights on scaling renewables, zero-emission commercial vehicles, and our New Energy Outlook: US. 🌍💡 Explore the research presented and more here: https://bloom.bg/4eHCmCN #NetZero #ClimateAction #CleanEnergy

As part of #BlackHistoryMonth in the UK, BloombergNEF is hosting a networking event focused on Diversity, Equity and Inclusion in Finance, Energy and Tech at the BNEF Summit London next Tuesday, October 8th https://lnkd.in/eNthAWxW The energy transition is a global endeavor that will impact us all. At BloombergNEF, we’re committed to fostering a more inclusive and equitable industry. Join us and connect with senior leaders and key decision-makers driving racial equality in these critical sectors. To kick off the event, Reta Jo Lewis, Esq., President and Chair of the Board of Directors of the Export-Import Bank of the United States, will be interviewed by Jacqueline Simmons, Editorial Lead, Europe, Middle East & Africa at Bloomberg News. Get in touch directly if you’re interested in attending. #BlackHistoryMonth #DEI #EnergyTransition #Finance #Technology #Networking #BNEF #BNEFSummit