“It looks like coal weather today,” is an unlikely forecast, but it shouldn’t be. Coal production and consumption are linked to weather, and the return of a La Niña weather cycle has the potential to extend the lifespan of coal power assets and influence fuel switching. While peak coal demand is close, near-term drivers point to stagnation rather than a rapid decline. Developed economies are shutting thermal power assets at scale, but China is responsible for 56% of global coal consumption and continues to import and stockpile coal in vast quantities.

On today’s show, Dana is joined by Fauziah Marzuki, BloombergNEF’s Global Head of Gas Markets, alongside Yumi Kim, Power Markets Associate, to discuss key findings from their recent report Coal Outlook: Hot and Cold to 2050.

Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal or on bnef.com

Links to research notes from this episode:

Coal Outlook: Hot and Cold to 2050 - https://www.bnef.com/insights/35205

See omnystudio.com/listener for privacy information.

Wind is key to tripling global clean energy capacity by 2030, but in recent years both onshore and offshore additions have been blowing cold. The landscape improves as we look ahead to 2030, when BloombergNEF expects annual installations of wind to have risen by a massive 70%. China, which is currently responsible for over a half of all global wind additions, is leading the charge. But now that its massive turbine manufacturing base is looking outside its borders, the picture for equipment exports is about to be shaken up.

On today’s show, Tom Rowlands-Rees speaks with BNEF’s head of Wind Research, Oliver Metcalfe, about key findings from three recent reports: Unlocking Investment to Triple Renewables by 2030, 3Q 2024 Wind Turbine Order Dataset: Volume Surges, and Floating Offshore Wind: Big Potential But Big Price Tag. Together they discuss what it’ll take for wind to grow at the pace required to meet net-zero goals, the threat to western turbine manufacturers posed by rising Chinese exports, and the impact floating wind could have on the offshore market.

Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal or on bnef.com

Links to research notes from this episode:

Unlocking Investment to Triple Renewables by 2030 - https://www.bnef.com/insights/34887/view

3Q 2024 Wind Turbine Order Dataset: Volume Surges - https://www.bnef.com/insights/35179/view

Floating Offshore Wind: Big Potential But Big Price Tag - https://www.bnef.com/insights/34913

See omnystudio.com/listener for privacy information.

“The best time to plant a tree was 20 years ago. The second best time is now.” This proverb is just as apt if you swap out “trees” for “grid investment.” Some $326 billion flowed into the world’s power grids in 2023, up 7% from the year before. Yet while investment may be increasing overall, only a few markets align with a net-zero pathway.

On today's show, co-hosts Dana Perkins and Tom Rowlands-Rees are joined by Felicia Aminoff from BNEF’s Grids and Utilities team. They discuss the growing power demand from new data centers, strategies for protecting the grid from extreme weather events, and how grid authorities are addressing a backlog of renewable energy projects waiting for a connection. This episode draws upon BNEF research found in the 2024 Power Grid Investment Outlook and the New Energy Outlook 2024: Grids.

Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal or on bnef.com

Links to research notes from this episode:

2024 Power Grid Investment Outlook - https://www.bnef.com/insights/34703/view

New Energy Outlook 2024: Grids - https://www.bnef.com/insights/35211

See omnystudio.com/listener for privacy information.