I just spoke about data center financing structures at the #BNEFSummit in San Francisco. I would have loved to attend in person, but the winter storm got in the way—so you'll see me on the projector screen in a purple tie.
A bad photo from the audience of a BNEF chart showing cleantech exports as % of GDP. Several countries have over 1%.
Cleantech exports are equivalent to about 1% of China's GDP (and over 2% of Vietnam's), according to BNEF research.
#BNEFSummit
At the #BNEFSummit this week, #AmericaIsAllIn Managing Co-Chair Gina McCarthy joined a panel on the next phase of the U.S. #CleanEnergy transition – emphasizing that “domestically, things are still moving forward. Clean energy is not gone.”
🎥Watch via BloombergNEF: vimeo.com/showcase/115...
Former head of the U.S. DOE Loan Programs Office (LPO) at the U.S. Department of Energy (DOE) Jigar Shah at #BNEFSummit on the importance of a "MUSCULAR" DOE and LPO for nuclear and geothermal to really build momentum right now:
www.linkedin.com/posts/catcli...
Here for @cipherclimate.bsky.social
One investor on the dichotomy of short-run in the US versus the global macro environment #BNEFSummit from Charles Cherington, Managing Partner, Ara Partners:
Short term in US: Pretty bad
Longer term: Decarbonization continues globally
@cipherclimate.bsky.social: www.linkedin.com/posts/catcli...
Ambassador André Corrêa Do Lago, President of COP30 at the #BNEFSummit:
“I think it is very clear it is the US government that is getting out of the Paris Accord. It is not the US."
Attending on behalf of @cipherclimate.bsky.social
www.linkedin.com/posts/catcli...
I'm at the #BNEFSummit in NYC today on behalf of @cipherclimate.bsky.social and let me tell you, if there were a Bingo card for this conference, putting UNCERTAINTY in the middle center square would be the right move. UNCERTAINTY UNCERTAINTY UNCERTAINTY UNCERTAINTY UNCERTAINTY. & MORE UNCERTAINTY.
BNEF Summit New York #BNEFSummit Where energy, finance, and technology converge. Gina McCarthy, Senior Advisor at Bloomberg Philanthropies and Managing Co-Chair of the America Is All In coalition April 29-30, 2025
Tomorrow, join #AmericaIsAllIn Managing Co-Chair Gina McCarthy and All In members Schneider Electric and PG&E at the #BNEFSummit for a conversation about the U.S. clean energy transition.
Cannot make it in person? Watch the plenary sessions online with BloombergNEF: bbgevent.app/bnef-remote-...
EV expert Chelsea Sexton at #BNEFSummit: Automakers shifting from insisting on EV demand before building them to more traditional mode of making cars and convincing consumers to buy them. That’s how SUVs rolled out.
Our Executive Director Rachel Muncrief Muncrief joined the opening plenary session at #BNEFSummit today to discuss the future of the transport transition. In sum, we are entering the era of electrification competition that will be hard to walk away from, regardless of regulatory hesitations.
Discussion with Susana Moreira of H2Global is agreeing that renewables-produced ammonia is about twice the price of normal "grey" ammonia. #BNEFSummit
Francois Paquet of the Renewable Hydrogen Coalition says that the most important thing needed to enable hydrogen industry globally is demand creation, eg requiring steel and ammonia to be made with hydrogen produced with renewables. #BNEFSummit
A chart showing BNEF 2022 and 2024 estimates of capex for electrolyzers for making hydrogen, plus a few others. The estimates have risen around 20-40% in a few years, partly due to scope increase but also due to fundamentals.
Electrolyzer costs are higher than we expected a few years back, says Sami Alisawi at the #BNEFSummit. (He says we're in the "trough of disillusionment" stage of the hydrogen hype cycle and now can start climbing out of it).
Two charts titled "carbon removals could unlock a 1.5C pathway in BNEF's Net Zero Scenario". Even 1.75C requires emissions basically to collapse between 2025 and 2050. 1.5C requires negative emissions.
I am generally optimistic about us as a species pulling off an energy and climate transition, but these charts from David Hostert at the #BNEFSummit , showing the "brutal maths" of required emissions cuts, are fucking terrifying.
Many thanks BloombergNEF & for hosting us with a #CBAM panel at the #BNEFSummit in Munich. Great question by Antoine Vaigner Jones on the potentially false promise of carbon price crediting for developing countries & my attempt of an answer at 21m49s...
vimeo.com/showcase/111...
Very productive conversation with @CalSTRS @GoldmanSachs @Citi at the Bloomberg New Energy Finance Summit about the shortcomings of engaging fossil fuel laggards & the need to speed up $ into climate solutions.
Talking to Exxon ain't going anywhere.
Time to #divest
#BNEFSummit
Very excited to talk climate finance, pensions and banks funding fossil fuels and the need to urgently ramp up investments in just and equitable climate solutions at #BNEFSummit today!
Time for action.
https://www.stand.earth/advisory/richard-at-bnef-2022
"The carbon intensity of the UK power sector has halved in the period 2013-2017 and that is just based on the generation mix and how that has changed over that period" - Fintan Slye, Director of National Grid ESO @ng_eso tells @BloombergDotOrg #BNEFsummit...
