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

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billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. We need to be talking about trillions per year if we are to meet climate goals. Overall, solar capacity investment was up 12% at $148.6 billion (down 11%).

2020 259
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HALO research aircraft measuring the emissions of megacities in EmeRGe project

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However, emissions do not just remain in conurbations; particles and gaseous pollutants can be transported thousands of kilometers by the wind. HALO in-hangar in Taiwan. In Asia, in particular, high temperatures, humidity, solar radiation and the frequency of storms play a major role.

Emissions 268
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Inside the Global Race to Tap Potent Offshore Wind

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One day soon, a platform 50 times as large may float in the deep waters of the North Sea, buoying up a massive wind turbine to harvest the steady, strong breezes there. About an hour’s ride up the coast, full-scale 3,000-tonne behemoths already float in Aberdeen Bay, capturing enough wind energy to electrify nearly 35,000 Scottish households.

Wind 136
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TSMC’s Energy Demand Drives Taiwan’s Geopolitical Future

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The wind blowing in from the Taiwan Strait regularly blasts across Changhua Coastal Industrial Park. On this expanse of reclaimed land outside Taichung, Taiwan’s second largest city, 80 wind turbines, a pair of gas-fired power plants, and 4.3 square kilometers of solar farms generate electricity for Taiwan ’ s grid.

Taiwan 125