Themes
This marks the 10th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. For the first time, the project has expanded its scope to include activity not just in clean power but in the decarbonization of the transportation and buildings sectors.
Investment
Global energy transition investment jumped, despite the pandemic but investors’ attention shifted to developed markets
The energy transition investment gap is growing, despite COP26 pledges
Renewable energy investment jumped 24% in rich nations, but plummeted 9% in emerging markets
Policy
89% of emissions are covered by a net-zero target in force or under discussion
Renewable energy targets have been ineffective in influencing other policies
Clean buildings policies are highly concentrated in developed nations
Progress
Lockdowns impacted OECD and non-OECD countries differently
Wind and solar accounted for over two-thirds of net new capacity in 2020
Global passenger electric vehicle sales have tripled in four years
