Investments in offshore wind come in blocks
Action needed to unlock renewable investments – BNEF
Bottlenecks the result of the pace of subsidy provision, permitting problems and a lack of investment in transmission grids
Finance for the energy transition will appear if governments do more to remove barriers to investment, according to Albert Cheung, head of analysis at research firm BloombergNEF (BNEF). Cheung cites several bottlenecks as key in slowing the deployment of renewables projects. These include the pace of subsidy provision, permitting problems and a lack of investment in transmission grids. “To a large extent, it is in the purview of governments,” he tells Transition Economist. “Governments need to lower the barriers to increase the pipeline and get more [projects] in the ground, and then the funds will flow.” “Governments need to lower the barriers to increase the pipeline” Cheung, BNEF
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
