Publication - Which market is the most attractive for energy transition investment?

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Title

Which market is the most attractive for energy transition investment?

Publisher

CLIMATESCOPE

Author

Maria Eugênia Mitri, Sofia Maia, Ana Paula Fonseca Teixeira, Laura Foroni

Published in

November 2023

Abstract

Renewables are gaining traction around the globe, with investment in new projects cracking half a trillion dollars for the first time last year. Wind and solar, which accounted for 80% of new power generating capacity installed in 2022, now make up an eighth of global generation and more than a quarter of overall capacity.

Those are just some of the key findings of the 12th edition of Climatescope, BloombergNEF’s annual assessment of individual markets’ progress in the energy transition. This is the third year the project has covered not only the power sector but transportation and buildings as well.

Climatescope represents the collective efforts of over 50 BNEF analysts. Each year, these researchers gather detailed data on 140 markets across the globe, including 110 emerging economies and 30 developed ones. This year, Montenegro, Bahrain, Iceland and Venezuela were added to the list. The resulting report assesses macro-level energy transition trends and scores individual markets based on their attractiveness for receiving clean energy capital.

URL

link to the document

Admin:
No

PIE Grant (Grid Portal)?
Yes

No

• Energy Transition

• Grid

• Solar
• Wind

• Other