In 2020, global investment in the low-carbon energy transition totalled $501.3 billion, up from $458.6 billion in 2019 and just $235.4 billion in 2010. This figure includes investment in projects, such as renewable power, energy storage, EV charging infrastructure,... 

The European offshore wind sector attracted over 26 billion euros (around $31.7 billion) of investment last year, a record amount, according to the latest figures from industry body WindEurope. In an announcement Monday, the Brussels-based organization... 

Oil major Royal Dutch Shell on Thursday outlined the details of its near-term and long-term plans to transition to cleaner energy, saying its oil production and total carbon emissions have already peaked. Shell said it aims to reduce net carbon emissions... 

Elon Musk says the No. 1 way to decrease carbon dioxide emissions would be to levy a tax on carbon. “My top recommendation, honestly, would be just add a carbon tax,” Musk told Joe Rogan on The Joe Rogan Experience podcast on Thursday. “The economy... 

Getting a grip just got easier. Our NYTEX® range of naphthenic oils for winter tyres can improve rolling resistance and traction without compromising other properties. Curious to find out what else we know about tyre oils? Check out our website and... 

Europeans got more of their electricity from renewable sources than fossil fuels for the first time last year, according to an annual report from Ember and Agora Energiewende. The report, which has been tracking EU’s power sector since 2015, found... 

The global race to net-zero emissions has begun. But the world has much further to run. The European Union, Japan, the UK and many other major world economies have set ambitious goals to reach net-zero emissions by 2050. China, the world’s... 

Artificial intelligence (AI) can distinguish a dog from a cat, but the billions of calculations needed to do so demand quite a lot of energy. The human brain can do the same thing while using only a small fraction of this energy. Could this phenomenon... 

Hydrogen has swept onto the world’s energy stage as the solution to decarbonization. As the clock ticks fast towards the 2050 carbon neutrality deadline and as global warming accelerates, the pressure to act is palpable. Indeed, hydrogen will play... 

Following recent news that Amazon AMZN +0.6% had become the world’s largest purchaser of renewable electricity, growing focus on the need for sustainable operations continues to drive the market in corporate power purchase agreements (PPAs). In... 

The International Energy Agency on Tuesday cut its 2021 global oil demand forecast, citing soaring Covid-19 cases and renewed lockdown measures that will further limit mobility. The IEA said it now expects world oil demand to recover by 5.5 million barrels... 

This is an abridged version of BloombergNEF’s annual accounting of global investment in the low-carbon energy transition. BNEF clients can find the full version on Bloomberg Terminal or bnef.com Previously focused on renewables, the report now includes...