Bloomberg New Economy

READ: BloombergNEF and Bloomberg New Economy's Climate Tech Coalition's green methanol report was featured on Hydrogen Insight ⬇ https://lnkd.in/ek-J2qCS

Yesterday, BloombergNEF and the #ClimateTechnologyCoalition, with Bloomberg New Economy put out the third and final report in our series on how to scale low-carbon #hydrogen. Congratulations to Xitong (Kathy) Gao on all her hard work on these reports. These reports aim to highlight the key demand areas we believe the low-carbon hydrogen industry should focus on as it tries to scale - namely ammonia, steel and methanol. These three products should play a large role in decarbonizing the #chemicals, #shipping, #construction and #agriculture sectors. And without clean hydrogen it is very challenging to see a path forward for these hard-to-abate sectors. The direct link to our most recent #methanol report is here: https://lnkd.in/eMumwQbm For scaling clean methanol, the report identified the following commercial and policy interventions: ⭐ Shipping companies need to engage with clean methanol producers and their cargo customers to scale the supply chain, secure methanol bunkering and build green shipping channels. Early adopters will be companies that are members of alliances such as coZEV and ZEMBA. ⭐ While the chemicals sector will be harder to crack, early adopters there should be furniture product makers, renewable equipment manufacturers and high-purity plastics producers. ⭐ Those that will succeed are likely going to be methanol producers that have access to a variety of plentiful and cheap biomass and biogenic CO2 sources. And those that can develop a methanol-to-jet option for their plants could see more near-term customers. ⭐ Demand-side regulation is important - whether it's consumption mandates for the chemicals sector or new rules such as FuelEU Maritime regulation. ⭐ The best way to reduce the costs of clean methanol are to cut hydrogen costs. Lowering the cost of hydrogen by $1 per kg could contribute to $200 per ton cost reduction for e-methanol. Therefore government financial support for low-carbon hydrogen production is necessary. ⭐ Last but not least, a clear standard on what kinds of CO2 are acceptable to use, in making clean methanol, is essential. And you can find all three research reports on the #ClimateTechnologyCoalition website: https://lnkd.in/ekMzpc_S

We are pleased to announce the release of our Bloomberg New Economy #ClimateTechCoalition report on the transformative potential of low-carbon methanol. Methanol is a crucial component in many industries, from chemicals to transport. However, its production is a significant source of CO2 emissions. The shipping sector, responsible for 3% of global CO2 emissions, represents a particularly promising market for low-carbon methanol. Read full report here: https://bloom.bg/44V97bp #LowCarbMethanol

The Bloomberg New Economy International Cancer Coalition recently concluded its annual meeting alongside the American Society of Clinical Oncology (ASCO) event, emphasizing the critical need for international cooperation and regulatory alignment to accelerate life-saving cancer treatments. Key Highlights: 1. The FDA's Role in International Cooperation - Richard Pazdur, Director of the FDA’s Oncology Center of Excellence, discussed the FDA's pivotal role in fostering global collaboration, with over 500 applications and 400 approvals in the past five years. This approach has significantly accelerated patient access to new therapies worldwide. 2. ASCO’s Global Efforts - Julie Gralow, ASCO's Chief Medical Officer, highlighted efforts to break down silos and enhance communication among oncologists in low- and middle-income countries through regional councils. 3. NCI’s Collaborative Vision - Kimryn Rathmell, Director of the National Cancer Institute, spoke on the shift towards greater collaboration and innovation in clinical trials, aiming to make them faster and more accessible globally. Established in 2021 the coalition has been a major driving force in fostering international collaborations. By leveraging technology and bringing together multiple stakeholders from both the public and private sectors we focus on: 1. Improving access to diagnostics 2. Enhancing patient-centric cancer clinical trials through technologies like liquid biopsy and telemedicine 3. Promoting regulatory harmonization to lower barriers to patient-centric care globally This year, we welcome new members Tolulope Adewole of MedServe, Jennifer Dent of BVGH, Julie Gralow of ASCO, Tufia Haddad, M.D. of the Mayo Clinic Comprehensive Cancer Centre and Artur Katz of Hospital Sírio-Libanês, who are leaders in oncology and global health, further strengthening its commitment to global health equity. Read More: https://bloom.bg/4b0kZtW #InternationalCancerCoalition #ASCO2024

When discussing investments in harder-to-abate areas with investors and bankers, the term "unbankable" frequently arises. This signifies that these projects are perceived to carry excessive operational and technology risks, and the return on investment is not deemed high enough to justify these risks. Consequently, there is a significant gap in investment directed toward decarbonizing these challenging sectors. In a recent talk, Claire Curry, Head of Technology, Industry and Innovation at BNEF, addresses how to advance the bankability of climate technologies, particularly for these #hardtoabate sectors. Her strategic framework and introducing #LIFTOFF is essential for scaling pioneering projects. The Bloomberg New Economy Climate Technology Coalition is dedicated to identifying and rapidly scaling the next generation of climate-critical green technologies. These innovations will be instrumental in achieving the world’s climate goals. Join us in supporting and promoting these essential advancements to ensure a sustainable future.

2022 #BloombergCatalyst Ecozen raised USD 30 million led by Nuveen, a TIAA company to scale their operations to empower customers to transition to climate-smart technologies on a global scale. Read more here ⬇

Urban Partners aims to decarbonize built environments, regenerate urban neighborhoods and pioneer problem-solving partnerships to bridge the gap between the interests of people, cities, and capital. "There's a decision we need to make. What cities do we want our kids to live in in 2050?" Co-Founder & Chairman Mikkel Bülow-Lehnsby at the #SustainableBizSummit. Learn more about the Dynamic Cities Dashboard here: https://bloom.bg/3w9oNe6

"In 25 years 7 billion people will be living in cities. That's 7 out of every 10 people on the planet." Bloomberg New Economy's Elizabeth Gonzalez launches the new Dynamic Cities Dashboard in London at Bloomberg Live's #SustainableBizSummit. Learn more about the dashboard and our work with Urban Partners here: http://bloom.bg/3UjBpY6

NEW: What makes a city livable, resilient and well-placed to adapt and innovate in an age of uncertainty? Find out as Bloomberg New Economy unveils its Dynamic Cities Dashboard, an in-depth analysis of global cities’ progress in the quest for a sustainable future. 📊 bloom.bg/3w9oNe6

🌎 Exciting News! We have been invited to Co-Chair the Bloomberg New Economy Dynamic Cities Coalition, a leadership group across the urban value chain working to improve cities. As part of our commitment to sustainable urban development, we have contributed to the Coalition’s creation of its new data-driven Dynamic Cities Dashboard, launching today! ️ As cities face challenges related to climate, health, and livability, the dashboard is built to support city and business leaders’ pursuit of more holistic #urbandevelopment. By tracking the progress of 30 cities across 18 indicators, it provides insights to help inform objective decisions 💡 Our Chairperson, Mikkel Bulow-Lehnsby: “We believe an open-sourced, data-driven approach is essential to turn urban areas into global engines of growth and innovation, which is why I’m excited to work with the Coalition and Bloomberg’s technology to develop this informative tool for city stakeholders.” ➡️ Curious to explore the tracking? Access the Dynamic Cities Dashboard via the link in the comment section👇 There, you can also read the full story about the Coalition’s work on the dashboard. Knowledge, transparency, and collaboration are key to unlocking more holistically developed urban areas. Now, we look forward to working alongside government officials, social entrepreneurs and renowned architects in Bloomberg’s Coalition to keep driving positive change for urban communities. 💚 #BBGNewEconomyCities #SustainableBizSummit