BloombergNEF’s latest “Energy Supply Investment for Net Zero: Regional Ratios” report shows that globally, the energy transition is moving in the right direction, albeit slowly with 1:1 fossil fuel to low carbon supply investment ratio in 2022 (up from around 0.5:1 in 2015 – the year the Paris Agreement started). Staying on track for net-zero emissions requires at least $4 dollars to be spent on low-carbon energy supply for every dollar that goes to fossil fuels throughout this decade. The Bloomberg Countdown aims to raise awareness about the crucial climate challenges that COP28 will address.Īt COP28, Bloomberg Philanthropies and Bloomberg LP are also taking action, actively working with partners to ignite and amplify local climate action, accelerate the net zero energy transition, mobilize climate finance, protect the ocean, and clean the air as part of their work towards meeting the goals of the Paris Agreement.Īction 39: BNEF RESEARCH SHOWED REGIONAL INVESTMENT IN LOW-CARBON ENERGY IS SHORT OF NET-ZERO PATH Bloomberg, Bloomberg’s third annual Countdown to COP28 below is a series of initiatives, reports, investments, events, and partnerships aimed at delivering on UN Secretary-General António Guterres’ call for transformative and decisive climate action leading into this year’s UN Climate Change Conference in Dubai, United Arab Emirates. Launched by UN Special Envoy on Climate Ambition and Solutions and founder of Bloomberg L.P. and Bloomberg Philanthropies are unveiling numerous climate actions in partnership and collaboration with public, private, and civil society actors from around the world during the 11-week Countdown to COP28. Charlotte and William Bloomberg Medford Public Libraryīuilding on their commitment to turbocharge climate progress, Bloomberg L.P.Perelman Performing Arts Center at the World Trade Center.Increasing Access to Reproductive Health Care. Strengthening City Data to Improve Lives.Stopping Coal and Air Pollution Globally.Supporting Career and Technical Education.Connecting Audiences to Culture Online or Onsite.
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