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Major power and gas company E.ON splitting in two; focusing on renewables, spinning off conventional power generation

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The existing conventional generation, global energy trading, and exploration and production businesses will be combined in a new, independent company (“New Company”), a majority of which will be spun off to E.ON has systematically optimized its generation fleet and production costs, laying the foundation for sustainable profitability.

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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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In 2020, the size of the market increased four times compared to 2016, reaching an estimated $118 billion. Electric bus (e-bus) sales are the second-largest category, although annual investment in the segment has decreased from $21 billion in 2016 to $11 billion in 2020. Renewable energy investment. billion in 2020. billion, down 12%.

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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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Emerging markets’ previous trends on carbon emissions reductions linked to growth and productivity have stalled, and their total emissions grew by 7.4%. The new reality is a much more challenging future in terms of planning, financing and predictability. Catch-up with US productivity levels (at varying rates).