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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. It also invested $58 billion in new wind projects, up 107% year-on-year.

Financing 243
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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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But a range of both advanced and emerging economies have recently announced energy strategies that include substantial roles for nuclear power as well as considerable financial incentives to invest in it. Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies.

Russia 458
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Pew: global clean energy investment reached record $243B in 2010

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Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. The United States, which had maintained the top spot until 2008, fell another rung in 2010 to third with $34 billion. Public market financing grew 27% to $15.9 2010 investment by country and sector.

2010 236
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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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We will have our Energy and Finance Ministers, based on their national circumstances, develop implementation strategies and timeframes, and report back to Leaders at the next Summit. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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New financing has also been announced to eliminate high emissions vehicles in key regions which should give some support to boost to truck sales, all else being equal. This downturn in production reflects weaker demand throughout the region as well as in export markets.

2020 191
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Protean Electric raises $70M to accelerate adoption of in-wheel drive systems for electrified vehicles in China

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Existing investors Oak Investment Partners and GSR Ventures co-invested in Protean’s equity financing round. In mature markets such as North America and Europe, I believe Protean’s electric drive system will be embraced as one solution to help these countries achieve fuel economy and meet challenging emissions targets.

China 150
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Energy ministers agree to help speed up global deployment of carbon capture and storage

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The following governments agreed to continue or initiate action in support of one or more of these recommendations by the next Clean Energy Ministerial: Australia, Canada, France, Germany, Japan, Mexico, Norway, Republic of Korea, South Africa, the United Arab Emirates, the United States and the United Kingdom.