BloombergNEF’s Post

🚗 US EV sales are set to soar. 📈 Despite a recent slowdown in sales growth, EVs could make up nearly a third of new car sales by 2027, reaching 4.5M units. Affordable models from Ford, Rivian, and Tesla, plus increased local manufacturing, are key drivers. California, leading with EVs nearly 25% of car sales in 2023, plans to phase out conventional cars by 2035. Nationwide, EVs are projected to hit 48% of new car sales by 2030, nearing President Biden’s 50% target. Dive into the full analysis: https://bloom.bg/3RVaPEk

🌍 Heat pumps are essential in decarbonizing the heating and cooling of indoor spaces. As hydrofluorocarbons (HFCs) phase down globally, propane heat pumps are gaining traction in the residential market. Europe leads in adopting propane refrigerants, while US adoption is slowed by safety codes. 🔗 Read our latest insights here: https://bloom.bg/4cySPb9 #Decarbonization #HVAC

🌍 The agri-food sector is under pressure to redress their climate and nature impacts 🌍 Despite being responsible for nearly a third of global emissions, many companies in the agri-food sector still have gaps in their sustainability efforts. Our latest report examines 136 companies' targets and commitments, exploring their ambition and scope, and compares the various stages of a complex value chain. 🔗 Read more: https://bloom.bg/3VHS2gU #Sustainability #AgriFood

Heavy industry has one of the toughest paths to decarbonization. Yet, our latest Industrial Decarbonization Market Outlook reveals how new policies in the US and Europe are driving investments in low-emissions materials. 🔗 Read more to uncover key trends and challenges: https://bloom.bg/4cJVn5T #Decarbonization

BNEF's Electric Vehicle Outlook 2024 shows that sales are headed for a record year but progress varies by segment. Electric commercial vehicles 🚚 are set for another blistering year while buses 🚍 and two- and three-wheelers 🛵 are already reaching high levels of electrification. https://lnkd.in/dD-Vd5G

The nuclear industry could be poised for growth after COP28 delegates voiced aspirations to triple nuclear capacity by 2050. Though hurdles remain, small modular reactors may show promise. 🔉 🔉 🔉 Join BNEF's Dana Perkins and Chris Gadomoski on this episode of #SwitchedOn to discuss the recent report Nuclear Market Outlook 1H 2024 and the possibility of a comeback story for the nuclear industry. https://bloom.bg/45GB5YV

Securing financing for a first-of-a-kind green industry project can be difficult. But H2 Green Steel, a Swedish startup with no prior operations, has successfully raised €6.5 billion in project finance for its hydrogen-based steelmaking project in Boden, Sweden. https://bloom.bg/3XCgJOq

The EV market is more complex than ever with variables like technology, policies, and geopolitics impacting its growth. Join BNEF experts on Wednesday, June 26, to discuss the long- and short-term trajectory for EV adoption outlined in our Electric Vehicle Outlook 2024. https://bloom.bg/4c3XB0d

After 2 years of dramatic growth, activity in the carbon capture industry is starting to slow down. Here's what you need to know: 🥇 The US remains the top player with 39% market share of proposed carbon capture capacity by 2035 💰 Investment in carbon capture projects and technologies in 2023 reached $11.3B 📈 Nearly 424 million metric tons per annum of CO2 capture capacity is slated to come online by 2035 More from BNEF. ⬇️ https://bloom.bg/45wvW5E