The world’s largest international oil companies, or IOCs, sold over $198 billion of assets between 2015 and 2020, over four times the amount they invested into clean energy technologies. #BNEFNEO 2021
BloombergNEF
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BloombergNEF
@BloombergNEF
BloombergNEF (BNEF) is a strategic research provider covering global commodity markets & disruptive technologies driving the transition to a low-carbon economy.
- Our 2018 Battery Price Survey has found that the volume-weighted average price of a lithium-ion battery pack is $176/kWh - the price has fallen 85% in real terms since 2010 due to tech improvements resulting in higher energy density at the cathode material, cell & pack level.
GIF - Battery prices, which were above $1,100 per kilowatt-hour in 2010, have fallen 87% in real terms to $156/kWh in 2019. By 2023, average prices will be close to $100/kWh. Learn more from our 2019 Battery Price Survey here: bloom.bg/2LiZSu5
GIF - Electric vehicles are already displacing nearly 1.8 million barrels of oil every day, a number set to double by 2027 and triple by 2029, per BloombergNEF's Road Fuel Outlook. 🔗 Read more: bloom.bg/3XNsHTZ #FuelOutlook #ElectricVehicles
- Electric vehicles of all types are displacing 1.5 million barrels per day of oil usage. That’s nearly 3% of total road fuel demand. Discover more in BloombergNEF’s Electric Vehicle Outlook 2023. bloom.bg/3r65Kik
00:00 - Battery prices keep falling. As a result, we expect price parity between EVs and internal combustion vehicles (ICE) by the mid-2020s in most segments, though there is wide variation between geographies and vehicle segments. Learn more from #BNEFEVO 2019: bloom.bg/2qNwvZm
- “Hydrogen starts to be a viable alternative to fossil fuels by 2030, becoming very competitive by 2050.” – BNEF’s CEO @jon_dmoore sets the scene at day 1 of #BNEFSummit. Hydrogen is now talked about as a realistic solution on the road to decarbonization.
- By the end of 2019, a cumulative 270,000 barrels a day of diesel demand will have been displaced by electric buses, most of it in China, according to our latest report. That’s more than 3 times the displacement by all the world’s passenger EVs.
- Bloomberg NEF data indicate that the world has attained the landmark figure of 1TW of wind and solar generation capacity installed. We estimate that the second terawatt of wind and solar will arrive by mid-2023 and cost 46% less than the first.
- Our data indicates that the world has attained the landmark figure of 1TW of wind & solar generation capacity installed - the total is balanced between wind (54%) & solar (46%) & required approximately $2.3 trillion of capital expenditure to deploy. bloom.bg/2LWVmTp
- the world has attained the landmark figure of 1TW of wind (54%) & solar (46%) generation capacity installed. We estimate that the second terawatt of wind & solar will arrive by mid-2023 and cost 46% less than the first. Learn more: bloom.bg/2nHID9m
- Are electric vehicles really that clean? The answer is a resounding yes. EVs have lower lifecycle emissions than gas cars - and by 2030, the difference will be even starker. bloom.bg/4cp1KMH
- On #BNEFSummit stage, @beisgovuk Minister of State @KwasiKwarteng & Norway Minister for Petroleum & Energy Liv Lønnum agree: many mutual interests to pursue together in the North Sea, including carbon capture. A key piece to get to net zero, and there is a big market for it.
- The global solar market is hitting record highs in volume of installation - and record lows in the price of modules. In our Q3 2023 Global PV Market Outlook, we estimate global solar installations will rise 56% in 2023. Read more. bloom.bg/3LcJfPs
