World commits record US$500B to energy transition in 2020: BNEF

WORLD investment in decarbonisation soared to new heights in 2020, reaching a record US$501 billion, a 9% rise compared to 2019, according to data compiled by Bloomberg New Energy Finance.

World commits record US$500B to energy transition in 2020: BNEF World commits record US$500B to energy transition in 2020: BNEF World commits record US$500B to energy transition in 2020: BNEF World commits record US$500B to energy transition in 2020: BNEF World commits record US$500B to energy transition in 2020: BNEF

However the analysis warned spending on emerging technologies such as hydrogen, CCS and electric heat was only a fragment of the investment needed if emissions are to substantially fall by the end of