Bloomberg
CEF Lead Executives
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ERIN BARNESList Item 1
CEFNext
Head of Corporate Sustainability
Erin is responsible for developing Bloomberg’s sustainability strategy and collaborating with internal groups across the firm to embed sustainable considerations to create value and impact. Erin manages corporate sustainability communications both internally and externally and leads all sustainability-related reporting efforts which includes utilizing best-in-class reporting frameworks such as SASB, GRI and TCFD for the annual publication of Bloomberg’s Impact Report. Erin also heads sustainability-related employee engagement programs, strategic partnerships with non-profit partners and other special projects. Before her career in Sustainability, Erin spent many years as a subject matter expert and leader on health-related benefits, wellness and creating positive workplace cultures. She served in many roles driving forward wellness and work/life programs and strategies at Columbia University, Goldman Sachs and Washington Mutual Bank before joining Bloomberg in 2011 as the Global Head of Wellness. Erin holds a BA in Psychology, a MS in Exercise Physiology, and most recently earned an MA in Strategic Communications from Columbia University.
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MICHAEL BARRY
Head of Sustainable Business Operations
Michael Barry is a senior sustainability/energy professional with strong, global experience in developing strategies, conducting detailed operational and financial assessments/analysis and working with a cross-departmental, multidiscipline team to propose, develop, manage and implement impactful environmental initiatives. His primary focus is to increase use of on-site and off-site renewable energy, reduce energy demand in offices and data centers and increase waste diversion globally.
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JASON SHULMAN
Sustainability Manager, Reporting & Analysis
Jason Shulman is a sustainability manager in Bloomberg's Global Sustainable Business and Finance group. Reporting to the Chairman's office, the department fully integrates sustainability considerations into all company operations and codevelops products and services for the Bloomberg Professional Service, enabling Bloomberg's clients to evaluate sustainability market risks and opportunities. Bloomberg Sustainability Operations department is focused on reducing the company's environmental impact, inside and outside of operational boundaries, including aggressively pursuing renewable energy projects both on and off-site. Bloomberg recently joined RE100 and committed to 100% renewable energy by 2025.
Jason is responsible for sustainable operations management, global data collection and emissions calculations, all facets of Bloomberg's sustainability analysis and both internal and external sustainability reporting.
Prior to his current role, he worked in Bloomberg's management systems/reporting department and managed a department responsible for global systems privileging. Jason holds a bachelor's degree in economics from Colby College and an MBA from Columbia Business School.
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LEE BALLINList Item 2
Head of Business Development for Sustainability, BloombergNEF
Lee Ballin is the Head of Business Development for Sustainability at BloombergNEF (BNEF), Bloomberg’s primary research group focused on industry-transforming trends and technologies driving a cleaner, more competitive future. Previously, Lee was a founding member of Bloomberg’s Sustainable Business & Finance team. For over 10 years Lee worked on integrating sustainability considerations into the company’s operations while co-developing products and services for the Bloomberg Terminal and Bloomberg Media. He has established Bloomberg as a convener for impactful, must-attend conversations under the Bloomberg Sustainable Business Summit and Sustainable Finance Week banners. On the operations side, Lee and his team worked with internal departments to reduce Bloomberg’s environmental footprint, saving over $116m in costs to date and was responsible for the company’s sustainability reporting and numerous internal and external corporate sustainability programs. He serves in multiple roles as a faculty member at New York University both teaching and advising the NYU Stern Center for Sustainable Business. Lee is a graduate of the Aspen Institute First Mover Fellowship Program and CORO Leadership New York. He sits on the advisory boards of the CECP's Strategic Investor Initiative and the steering committee for WBCSD's Aligning Retirement Assets project. Lee holds a bachelor's degree in business logistics from Pennsylvania State University and an MBA from New York University's Stern School of Business.
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ANDERS ROSENKRANDS-LANGE
Head of Procurement
Located in New York City, Anders oversees Americas Sourcing and Procurement Operations with responsibility for all third-party engagements across all categories. Anders has over 10 years of experience working in industries such as FMCG, pharmaceuticals and financial data.
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HILDALINA SANTANA
Global Head of Procure to Pay
As the Global Head of Procurement and Accounts Payable, Hildalina leads the Global Procurement and Accounts Payable department as well as Cash disbursement. Hildalina has over 20 years of experience leading operational teams. Hildalina is based in New York City.
Sustainability Goals
Sustainability Goals
2025 Goals
- Achieve net-zero emissions
- Obtain 100% of its electricity from renewable sources
2030 Goals
- 10% reduction in energy intensity in buildings (from 2018 baseline)
- 5% improvement in energy efficiency in data centers (from 2018 baseline)
- Set science-based targets and achieve target reductions
- Divert 95% of waste from landfill
Latest Sustainability Report
(May 2023)
Highlights
- Reduced Scope 1 and 2 emissions by 38% (2030 target: 80%) and Scope 3 emissions by 36% (target: 30%) from a 2018 baseline. SBTi has now validated its net-zero target (by 2040 from a 2018 baseline), which includes 90% reductions of Scope 1, 2, and 3 emissions;
- Obtained 55% of Bloomberg’s global electricity from renewable energy projects, and another 13% from renewable certificates;
- In 2022, brought a 2.55 MW solar project expansion online in Princeton, New Jersey, providing 100% of electricity needed on site;
- Reduced energy intensity in buildings by 8% and improved energy efficiency in data centers by 2%;
- Reduced total operational waste by 58% and diverted 82% of operational waste from landfill;
- Launched new indices within its Climate Index and new tools for analyzing climate risk, including the Net Zero Pathway screen on Bloomberg Terminal to track company pledges and progress;
- BloombergNEF published more than 2,500 research publications on the global low-carbon transition and commodity markets in 2022;
- Increased readership of ESG stories by 93% in 2022;
- Outlined a new Diversity and Inclusion vision in 2022 and encouraged 900+ global managers to develop D&I-focused ideas to help increase inclusion and spur positive change in the company;
- Increased submissions by companies to its Gender Equality Index by 11% for a total of 484 companies representing $16 trillion market capitalization.
Recent News
2024
BLOOMBERG / ØRSTED — Signed an 80 MW power purchase agreement for renewable energy from the 471 MW Mockingbird Solar Center in Texas (currently under construction). Bloomberg expects this additional renewable energy sourced will cover 100% of its U.S. electricity usage and 80% of global electricity usage (up from its current 55% globally). (Jan 2024)
2023
Zero-Emission Vehicles in Emerging Markets Initiative (ZEV-EMI) — More than 30 major companies have forged collaborative agreements in emerging markets as part of the ZEV-EMI. This public-private action aims to accelerate investments along the zero-emission vehicle (ZEV) value chain in India, then to replicate the model in Mexico and worldwide. The ZEV-EMI partner companies announced (Dec 2023):
- Establishment of a national data-sharing platform for optimizing planning and catalyzing infrastructure investments in India.
- Task forces for a large e-freight pilot deployment in India.
- Launch of ZEV-EMI in Mexico.
- Release of the ZEV-EMI collaboration models & best practices collection
Since the launch of the ZEV-EMI initiative at COP27, more than 30 companies have expressed support for the initiative, including CEF members Amazon, Bloomberg, General Motors, and PepsiCo. (Dec 2023)
BloombergNEF announced the 12 winners for its annual award for innovation in climate solutions. The BloombergNEF’s Pioneers award winners are divided among four challenges: clean hydrogen; sustainable materials and metals; net-zero food production; and wildcards. Among others, winning companies included those: improving lithium-ion battery recycling, developing AI-enabled drone-based pesticide application, producing protein from fermented microbes, and refining lower-grade iron at reduced temperatures using renewables. (April 2023)
Added corporate sustainability and emissions disclosures from ESG Book to its Bloomberg Terminal and Data License subscription products. The data includes ESG and climate disclosures for almost 10,000 companies worldwide. (April 2023)
Published its 2023 Gender-Equality Index (GEI), which recognized 484 companies for high scores among five key social indicators: leadership; gender pay parity; inclusive culture; anti-sexual harassment policies; and external brand. This year, 620 companies disclosed gender-related data, an 11% increase year-over-year. CEF members listed include: Bank of America, BlackRock, Boeing, CBRE, Dow, Ecolab, Ford, General Motors, Hewlett Packard Enterprise, JPMorgan Chase, Marriott International, Mastercard, Morgan Stanley, Procter & Gamble, Schneider Electric, Unilever, Visa, and Wells Fargo. (Feb 2023)
2022
The Earthshot Prize announced the five winners of its second annual prize. These include: Mukuru Clean Stoves in Kenya; Kheyti, providing solutions to smallholder farmers in India; Indigenous Women of the Great Barrier Reef working to protect the reef and region; Notpla, a UK packaging startup that uses seaweed; and 44.01, a CCS company in Oman that works to bind CO2 in rock. They will each receive a prize of £1 million ($1.2 million) and tailored support from the Earthshot Prize Global Alliance—which includes CEF members Bloomberg, Microsoft, and Unilever, as well as Bezos Earth Fund, Bloomberg Philanthropies, and the Mastercard Center for Inclusive Growth—to help scale their innovative and technological climate solutions. (Dec 2022)
Bloomberg Philanthropies announced a two-pronged approach to expand its mission of moving the world beyond coal. First, Bloomberg Philanthropies will work with national and local governments across the Global South to develop energy transition plans, implement the necessary public policies, and provide the skills and training to accelerate clean energy development and phase out fossil fuel use. Second, the foundation will partner with GFANZ to help mobilize the flow of private capital to clean energy transition projects in emerging markets and developing countries. (Nov 2022)
CEOs from more than 220 US companies, including CEF members Bloomberg, Ecolab, Kaiser Permanente, and Unilever US—sent a letter to The U.S. Senate urging that they “pass bold gun safety legislation as soon as possible,” though it did so without endorsing any specific policies. Reinforcing the epidemic of gun violence in the U.S.as a worsening human health crisis, the letter makes the connection to business in several ways: First, it notes that among those affected are their customers, employees, families, and host communities. Second, it calls out the economic cost of the violence, citing an estimate that US employers lose $1.4 million every day in lost productivity and revenue, and “costs associated with victims of gun violence.” Finally, it conveys that communities with elevated levels of gun violence are less likely to attract investment, create jobs, and generate economic growth. (June 2022)
Decarbonizing Petrochemicals: A Net Zero Pathway (BloombergNEF) — Reasons that
almost-net-zero emissions from the petrochemicals industry is possible with an
extra investment of $759 billion, but large-scale spending toward this goal
must start before 2030. In its low-emissions scenario, the report says carbon capture, utilization, and storage
(CCUS) could abate 40% of industry emissions. (May 2022)
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BLOOMBERG / MSCI —
Launched
the Bloomberg MSCI Global, Euro and US Corporate Paris-Aligned Indices,
the first indices in the organizations’ joint Climate Benchmark
offering. The indices are designed to provide investors with
more transparency and easy comparability as they assess the performance of corporate bond holdings relative to the minimum standards of the EU Paris-Aligned Benchmark (PAB) label. Decarbonization will be achieved by excluding issuers who fail to meet defined criteria. (May 2022)
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2022 Energy Transition Investment Trends (BloombergNEF) — Assesses global investment in the low-carbon energy transition, climate-tech corporate finance, and low-carbon investment trends from 2020-2021. Key findings (Jan 2022):
- Global investment in low-carbon energy grew 27%, reached a record $755 billion, and reached record levels in the AMER, APAC, and EMEA regions in 2021
- Clean power and electrification accounted for $731 billion of total investment, including $366 billion for renewables and $273 billion for electrified transport (with a 77% growth rate for EVs)
- Hydrogen, CCUS, and sustainable materials investment reached $24 billion.
- Climate-tech corporate finance reached $165 billion
- To get on track for net zero by 2050, investment levels must roughly triple from 2022-2025 and then double from 2026-2030, to an average of $4.2 trillion
Released its 2022 Gender-Equality Index (GEI), which recognizes 418 public companies representing $16 trillion of market capitalization across 45 countries and regions for scoring above the global threshold on providing a gender-inclusive work environment. A record number of companies disclosed their data using the GEI Framework—a 20% increase year-over-year. CEF members included in the Index: Bank of America, BlackRock, CBRE, Dow, Ecolab, Ford, General Motors, HPE, JPMorgan Chase & Co., Marriott International, Mastercard, Morgan Stanley, Schneider Electric, Procter & Gamble, Unilever, Visa, Wells Fargo. (Jan 2022)
Long-Term Carbon Offset Outlook 2022 (BloombergNEF) — Models the supply, demand, and prices of carbon offsets through 2050 under three scenarios: a voluntary market, an SBTi scenario, and a hybrid scenario. A lax, oversupplied carbon market with “largely worthless credits” could drive prices as low as $47 per ton by 2050, whereas a market restricted to carbon-removal offsets could drive prices as high as $120 per ton. (Jan 2022)
Over $1.6 trillion of sustainable debt was issued in 2021—more than double the amount at year-end 2020, according to BloombergNEF. Total global sustainable debt issuance now stands at over $4 trillion, with green bonds accounting for 45%, including $620 billion issued in 2021 alone. (Jan 2022)
Climate hazards have caused over $2 trillion in global economic losses during the past two decades, including $20 billion in damage to the US grid in the last five years,
according to BloombergNEF. Roughly one in five global power lines, as well as 435,000 miles of US power grids, are vulnerable to physical climate hazards. The US utilities sector could lose up to $4.1 billion annually due to such hazards. (Jan 2022)
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2021
Launched the Bloomberg U.S. Municipal Impact Index to track the market of municipal bonds categorized as Green, Social, and Sustainability. (Dec 2021)
Decarbonizing Steel: A Net-Zero Pathway (BloombergNEF) — Outlines a pathway for the global steel industry to produce profitable, low-carbon steel by 2050. It concludes that steel could be produced with almost no emissions through $215 billion-$278 billion of additional capital investment and solutions such as increased recycling, hydrogen fuel, clean energy, and carbon capture. (Dec 2021)
Lithium-ion battery pack prices have reached a record-low $132 per kilowatt-hour this year—a 6% decline since 2020 and an 89% decline since 2010, according to BloombergNEF’s annual battery price survey. (Dec 2021)
Count Us In Employee Challenge — Nine companies with over 480,000 employees, including CEF member Bloomberg, joined the challenge and committed to encouraging their employees “to commit to meaningful, personal actions that work towards global net-zero goals.” The challenge aims to engage 100 million employees by 2025. (Dec 2021)
An estimated 345 gigawatts of new energy-storage capacity will be added globally by 2030—20 times more than the capacity online at the end of 2020, according to
BloombergNEF’s 2021 Global Energy Storage Outlook. Over $262 billion of investment will be needed, with the U.S. and China representing over half of the storage capacity. (Nov 2021)
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Alliance for Clean Air — A new global, cross-sector initiative to combat air pollution.
The 10 founding companies—including CEF members
Bloomberg, Google,
and
Siemens—committed to
measuring their air-pollution footprint within 12 months,
tracking humans’ pollution exposure,
setting pollution-reduction targets, and
engaging key stakeholders. The alliance was launched by the World Economic Forum in partnership with the
Clean Air Fund. (Nov 2021)
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Launched a new, public
NetZero Pathfinders platform and an accompanying
report
to help policymakers, financiers, and business leaders create and implement decarbonization strategies. The platform includes
50 policy ideas that have proved effective worldwide,
including
post-2030 solutions for hard-to-abate sectors.BloombergNEF, Bloomberg LP, and Bloomberg Philanthropies created the platform along with several partner organizations. (Nov 2021)
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HRH The Duke of Cambridge’s
Earthshot Prize announced the first 5 winners:
Takachar,
Coral Vita,
AEM Electrolyser, Costa Rica,
and
Milan, Italy. They will each receive a prize of over $1.3 million
and tailored support
from the
Earthshot Prize Global Alliance—which includes CEF members
Bloomberg, Microsoft,
and
Unilever, as well as
Bezos Earth Fund, Bloomberg Philanthropies,
and Breakthrough Energy Foundation—to help
scale their innovative and technological climate solutions. (Oct 2021)
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Taskforce on Scaling Voluntary Carbon Markets (TSVCM) — The taskforce has formed an
independent Board of Directors to govern voluntary carbon markets, with
22 members
representing 12 countries (40% in the Global South); the NGO, academic, corporate, and financial sectors; Indigenous people; and local communities.
The Board will be supported by TSVCM’s founding sponsors, an Executive Secretariat, an Expert Panel, a Senior Advisory Council, and a
Member
consultation group of 250 organizations (including CEF members
Bank of America, BlackRock, BloombergNEF, Bloomberg Philanthropies, Boeing, Chevron, Delta, Google, JPMorgan Chase & Co., Microsoft, Morgan Stanley, Siemens,
and Unilever). (Sept 2021)
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BLOOMBERG PHILANTHROPIES / BEZOS EARTH FUND — The organizations are
partnering with 7 other organizations to jointly pledge $5 billion over the next 10 years to help achieve the global “30x30” biodiversity target.
The pledge, which they say is the
largest-ever private-funding commitment for biodiversity conservation, is part of their
new Protecting Our Planet Challenge that calls for public-private collaboration with local communities and Indigenous peoples on conservation projects. Partners include the Rainforest Trust and Wyss Foundation. (Sept 2021)
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Realizing the Potential of Customer-Sited Solar: Policy and Economics for a Decentralized Energy Future (BloombergNEF, Schneider Electric)
—
Reports that
23 million businesses and 167 million households worldwide could host their own clean power generation, with the potential to produce over 2,000 gigawatts of solar energy and 1,000 gigawatt-hours of energy storage by 2050. Explains that the
design of policies and tariffs are crucial to enable deployment and uptake. Includes
case studies of 5 solar markets at different stages of development. (Sept 2021)
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Hot Spots for Renewable Heat: Decarbonizing Low- to Medium-Temperature Industrial Heat Across the G-20
(BloombergNEF, WBCSD)
—
Reports that, of the G20 countries,
China, Germany, France, Italy, South Korea, and the U.K are likely to offer the best policies, market conditions, and resource availability for the light industry to decarbonize low- and medium-temperature heat.
Highlights the G20 countries’ consumption of
renewable heat technologies—including bioenergy and solar thermal. (Sept 2021)
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Harnessing Artificial Intelligence to Accelerate the Energy Transition
(WEF, in collaboration with BloombergNEF and dena) — Examines the
state of AI adoption in the energy sector. Identifies high-priority applications of AI technology and
provides a roadmap with recommendations to drive an equitable transition.
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Earthshot Prize Global Alliance —
HRH The Duke of Cambridge and The Royal Foundation created a new
alliance of companies
that will offer tailored support to 15
Earthshot Prize finalists.
The companies—including CEF members
Bloomberg, Microsoft,
and
Unilever—will
help scale the finalists’ innovative and technological solutions around 5 focus areas:
nature conservation and restoration, air pollution, oceans, climate change, and waste reduction. (Sept 2021)
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BLOOMBERG PHILANTHROPIES —
Committed
$10.5 million to “strengthen climate capacity across the UN and promote climate ambition and solutions ahead of COP26.”
(Sept 2021)
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CUNY Futures in Finance —
The City University of New York (CUNY) is partnering with
Bloomberg LP, Centerbridge Partners, and
Goldman Sachs
for a new initiative to
train students at 3 CUNY colleges for careers in the financial services industry. Students will receive training, mentorship, and industry access, and each college will be provided with staff members to deliver the program. The companies aim to expand the initiative to more colleges. (Aug 2021)
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Taskforce on Scaling Voluntary Carbon Markets — The private sector-led initiative
published a new roadmap with next steps for creating a high-integrity, scaled, voluntary market for carbon credit trading. The taskforce—whose members include
Bank of America, BlackRock, Bloomberg NEF,
and Siemens—will recruit an independent body to govern the market. (July 2021)
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RE100 — The RE100 companies, which are committed to 100% renewable electricity, now have an electricity demand greater than that of the U.K. or Italy and are on track to save CO2 emissions equal to burning over 118 million tons of coal per year. RE100 members include
CEF Members:
3M, Apple, Bank of America, Bloomberg, Dell Technologies, Ecolab, Facebook, General Motors, Google, Hewlett Packard Enterprise, HP Inc., Johnson & Johnson, JPMorgan Chase & Co., Mastercard, McKinsey & Co., Microsoft, Morgan Stanley, PepsiCo, Procter & Gamble, Siemens AG, TD Bank Group, Trane Technologies, Unilever,
and Visa.
(July 2021)
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Building and operating new large-scale solar or wind plants is now cheaper than running existing coal- or gas-fired power plants in nearly half the world
(countries with 46% of the global population), according to BloombergNEF. (June 2021)
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BLOOMBERG NEF — Announced the 12 winners of its 2021 BNEF Pioneers program, an annual identification of game-changing technologies and innovations with the potential to accelerate global decarbonization. This year’s winners address 3 climate-tech innovation areas: (1) Managing and optimizing long-haul freight, (2) Advancing materials and techniques for sustainable products, and (3) Monitoring and understanding our changing planet. (April 2021)
Bloomberg committed to achieving net-zero carbon emissions by 2025. The announcement complements the company’s existing RE100 target to reach 100% renewable energy by 2025. (February 2021)
“G20 Zero-Carbon Policy Scoreboard” (BloombergNEF)
ranks G20 nations for their decarbonization policies to date, highlighting
effective policy approaches that could be replicated. The average score was
47%, with
Germany and France
scoring highest (71-73%), the
United States
below average (44%), and
Russia in last place (22%). (February 2021)
The World Economic Forum
launched Partnering for Racial Justice in Business Initiative, a new coalition to build more equitable and just workplaces. Three steps required to join the initiative include: 1)
Racial and ethnic equity must be placed
on the board’s agenda; 2) Companies must
make at least one commitment towards racial and ethnic justice in their organizations; 3) Companies must put a
long-term strategy in place towards
becoming an anti-racist organization. Founding members include
Bank of America, BlackRock, Bloomberg, Cisco Systems, Facebook, Google, HP, Johnson & Johnson, Kaiser Permanente, Mastercard, McKinsey & Company, Microsoft, PepsiCo, Procter & Gamble, Unilever,
and UPS.
(January 2021)
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The Taskforce on Scaling Voluntary Carbon Markets sponsored by the Institute of International Finance established core carbon market principles and released a roadmap of 20 comprehensive actions to scale the carbon offset market. The taskforce includes governments, NGOs, and businesses, including Bank of America, BlackRock, BloombergNEF, Boeing, Siemens, and Unilever. (January 2021)
“Energy Transition Investment Trends 2021” (BloombergNEF) is an annual account of global investments in low-carbon energy projects — including renewables, energy storage, electrified vehicles and heating, hydrogen, and carbon capture and storage. The report finds that the world invested a record $501.3 billion in low-carbon energy projects, a 9% increase from 2019. Global investment in renewable energy rose 2%,totaling $303.5 billion in 2020—the second-highest annual figure ever. (January 2021)
“Ten Predictions For The Energy Transition In 2021” (BloombergNEF, January 2021) offers insight into plausible outcomes that may occur in 2021 that will affect the global energy transition. The top ten predictions:
- Half a trillion dollars of investment again, but stock market bumps
- Sustainable finance to roar on
- Annual solar installations to pass 150GW in 2021
- Wind additions to jump by 15%
- A breakout year, with 4.4 million passenger EVs sold globally
- Jump in heat pump sales
- Battery metal prices firm, but battery prices fall
- Global LNG trade to return to significant growth
- Hydrogen electrolyzer additions to more-than-double in 2021
- Oil supply toils to meet rebound in demand
2020
Bloomberg launched proprietary ESG scores, with an initial offering of Environmental and Social scores for 252 companies in the Oil & Gas sector and Board Composition scores for more than 4,300 companies across multiple industries. (August 2020)
Bloomberg published the first issue of Bloomberg Green, a quarterly print magazine focused on climate change solutions. The free digital version of the magazine is available here. (June 2020)
Bloomberg launched the submission process for the 2021 Bloomberg Gender-Equality Index, which “tracks the financial performance of public companies most committed to gender equality in the workplace.” Companies are invited to submit data until September 30, 2020. The full methodology is available here. (June 2020)
BloombergNEF (BNEF) released a new analysis showing that Solar PV and onshore wind are now the cheapest sources of new-build generation for at least two-thirds of the global population, which represent 71% of GDP and 85% of energy generation. (May 2020)
Bloomberg Intelligence research reported that 59% of U.S. ESG exchange-traded funds (ETFs) have outperformed the S&P 500 index so far this year. The research also finds that 60% of European ESG ETFs have outperformed the MSCI Europe Index this year. (April 2020)
Bloomberg Media launched Bloomberg Green, a multiplatform editorial brand focused on climate change news, analysis, and solutions. Bloomberg Green offers a global climate data dashboard on its website, a daily email newsletter, a podcast, and a magazine. (Feb 2020)
2019
Bloomberg signed onto the new Cool Food Pledge initiative, committing to serve more climate-friendly foods as part of a movement of workplaces, hotels, hospitals and restaurants aiming to cut food-related greenhouse gas (GHG) emissions by 25% by 2030. (December 2019)
Bloomberg The Corporate Renewable Energy Aggregation Group, comprised of Bloomberg, Cox Enterprises, Gap Inc., Salesforce, and Workday, was recognized with a Green Power Leadership Award for Market Development. The Group, announced in January 2019, clouds an unprecedented joint virtual power purchase agreement (VPPA) to collectively act as an anchor tenant for a large offsite renewable energy project.
BloombergNEF (BNEF) released the report, Energy Storage Outlook 2019, finding that global stationary energy storage installations are expected to surpass 1,000 GW by 2040—up from 9 GW in 2018. (August 2019)
BloombergNEF (BNEF) released the report, Electric Vehicle Outlook 2019, finding that approximately 57% of all passenger vehicle sales, and over 30% of the global passenger vehicle fleet, are projected to be electric by 2040. (May 2019)
BloombergNEF (BNEF) and the Business Council for Sustainable Energy released “Sustainable Energy In America Factbook 2019,” which found that renewables (including hydropower) accounted for 17.7% of total U.S. power generation in 2017—a 5.1% increase in absolute terms from last year. Additional key findings included the following:
- The most new gas-fired power-generating capacity was added in 14 years, propelling it to a record 35% of U.S. power generation.
- New PPAs signed between buyers of clean energy and generators spiked to a new record of 8.6 GW in 2018—up from 2.8 GW in 2017.
- Total electricity consumed in the U.S. rose 2.2% in 2018, while CO2 emissions from power plants rose just 0.6%.
- Energy efficiency, renewable energy and natural gas sectors employed 3.4 million Americans in 2017.
- Electric vehicles accounted for 3% of total vehicles sold in the U.S in the 4th quarter of 2018.
MORE » (Feb 2019)