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BNEF - New Energy Outlook 2017

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Wed, 2017-06-21 09:00 — Kathy Gilbeaux

           

bnef.com

Focused on the electricity system, NEO combines the expertise of over 80 market and technology specialists in 12 countries to provide a unique view of how the market will evolve . . . 

 . . . “Renewable energy sources are set to represent almost three quarters of the $10.2 trillion the world will invest in new power generating technology until 2040, thanks to rapidly falling costs for solar and wind power, and a growing role for batteries, including electric vehicle batteries, in balancing supply and demand.”

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Wed, 2017-06-21 09:12 — Kathy Gilbeaux

reuters.com  - Reporting by Susanna Twidale; Editing by Adrian Croft - June 15, 2017

Global emissions of greenhouse gases from the power sector are expected to peak in 2026, but will still be some way above levels needed to limit temperature rises in line with the Paris climate agreement, research showed on Thursday.

Overall, $10.2 trillion will be invested in new global power generation between 2017 and 2040, with renewable power sources such as wind and solar accounting for almost three quarters of that, a report by Bloomberg New Energy Finance (BNEF) said.

By 2040, global emissions are expected to be 4 percent below 2016's levels, but an additional $5.3 trillion investment in renewable power would be needed by 2040 to keep rising global temperatures below 2 degrees Celsius (3.6 degrees Fahrenheit).

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