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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.

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UN Environment report says national GHG pledges only bring one-third of reductions needed for Paris Agreement

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Avoiding new coal-fired power plants and accelerated phasing out of existing plants—while ensuring careful handling of issues such as employment, investor interests and grid stability—would help the emissions picture. These new plants could lead to additional accumulated emissions of approximately 150 Gt CO 2.