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
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
