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India's annual EV sales to cross 2 million mark by 2040: BloombergNEF

By : Sustainability ..., May 26, 2020

The sales of electric vehicle units in India will cross two million mark by 2040 on the back of falling prices of lithium ion batteries over the next decade, according to BloombergNEF. "The cost improvements will help drive annual EV sales to above two million units by 2040,...

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Clean hydrogen can cut 34 per cent of global greenhouse gas emissions by 2050: BNEF

By : Sustainability ..., Mar 26, 2020

Deploying clean hydrogen could cut up to 34 per cent of global greenhouse gas emissions from fossil fuels and industry by 2050 at a manageable cost, according to a latest report by researcher firm BloombergNEF (BNEF). The report titled ‘Hydrogen Economy Outlook’ added that...

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Siemens Gamesa beats Suzlon to lead wind turbine market in India

By : Sustainability ..., Feb 10, 2020

India has added 2.4GW of new wind capacity in 2019 against 2.3GW in 2019, according to research report from BloombergNEF (BNEF). Siemens Gamesa Renewable Energy has emerged as the top wind turbine supplier in 2019 in India, beating Suzlon. Vestas, Inox Wind, GE Renewable...

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Corporate clean energy PPAs surge globally, but India sees a drop

By : Sustainability ..., Jan 31, 2020

With businesses more eager than ever to make bold clean energy promises, the global market for corporate renewable energy power purchase agreements continues to surge. Last year, corporations contracted an unprecedented volume of renewable energy projects, up more than 40%...

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India tops clean energy investment rankings among emerging markets

By : Sustainability ..., Jan 24, 2020

In a first, India has topped the clean energy investment rankings among 104 emerging markets worldwide in a BloombergNEF survey. In the top five, followed by India, were Chile, Brazil, China, and Kenya. The survey evaluated the ability of the emerging markets to attract...

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Renewable Investments up 1% YoY in 2019, India Records 14% Less

By : Sustainability ..., Jan 17, 2020

Investments in renewable energy capacity worldwide was USD 282.2 billion last year, up 1 percent from 2018’s USD 280.2 billion, with the world’s biggest market (China) slipping back, but it’s second-largest (the US) hitting a new record. India, on the other hand, saw an...

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Global sustainable debt grew 78 per cent to $465 billion in 2019: BNEF

By : Sustainability ..., Jan 13, 2020

The volume of sustainable debt issued globally in 2019 stood at $465 billion, up 78 per cent from $261.4 billion in 2018. Also, all-time cumulative issuance of sustainable debt crossed the $1 trillion barrier reaching $1.17 trillion by December 31, 2019, according to...

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New clean energy investment in developing nations slipped sharply last year: report

By : Sustainability ..., Nov 26, 2019

New clean energy investment slid by more than a fifth in developing countries last year due to a slowdown in China, while the amount of coal-fired power generation jumped to a new high, an annual survey showed on Monday. Bloomberg New Energy Finance (BNEF) surveyed 104...

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Electric Vehicles will account for over a half of all passenger vehicle sales by 2040

By : Sustainability ..., Nov 21, 2019

Around 57 per cent of all global passenger vehicle sales, and over 30 per cent of the passenger vehicle fleet, will be electric by 2040, according to the Bloomberg New Energy Finance (BNEF). The BNEF Electric Vehicle Outlook 2019 expects annual passenger EV sales to rise to...

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Envoys Spar Over Aviation Carbon Market Compromise Deal

By : Sustainability ..., Oct 3, 2013

Aviation negotiators have begun final talks in Montreal over the creation of a carbon market for the world airline industry.

More than 190 countries in the International Civil Aviation Organization are discussing a...

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