Crude oil prices slipped amid rising tensions in the Middle East even as conflict could threaten supply.

But traders have already priced this in - we estimate a war premium of $25 per barrel was already embedded in prices since early April. bloom.bg/3w3Vjyl

Shoutout to BloombergNEF for another great #BNEFSummit ! David Hardy joined a panel discussing the challenges and potential of #offshorewind in America, and how Ørsted is delivering projects in 2024.

Learn more: us.orsted.com/renewable-ener…

Historically, carbon offsets faced limitations by the SBTi, which restricted their use to cover only ‘residual emissions’, but their latest announcement on the wider use of offsets means that a high-quality voluntary carbon market is one step closer. bloom.bg/3w06AQ7

Happening now: Damilola Ogunbiyi is at the #BNEFSummit in New York, hosted by BloombergNEF, discussing strategies to enhance emerging markets' appeal for #renewableenergy investment.

Kudos 👏 to our roundtable participants for their forward-thinking insights. Special thanks 🙏 to BloombergNEF for spotlighting Quebec's role in shaping the Northeast's energy future along with partners. #BNEFSummit Hydro-Québec Clean Energy Énergir Boralex EVLO Energy Storage 🥬🌍

📸 Spotted at #BNEFSummit : Office of Infrastructure, US Department of Energy's Under Secretary David Crane discussing how the Investing in America agenda is creating strong public-private partnerships that will turn billions in federal funding into trillions in private sector investments. #DeployDeployDeploy

It was great to join Jesse D. Jenkins and Robinson Meyer to take a VERY deep dive into the US 1Q 2024 EV market data. And this is a challenge given that Tesla sales are estimated at the regional level!

Comprehensive pod on how far the US market has to go, but w/ some bright spots

I look forward to discussing how to boost emerging markets' attractiveness for #renewableenergy investment at the #BNEFSummit New York organized by BloombergNEF later today.

For more information on this Summit visit:
about.bnef.com/summit/newyork/

Thank you Jon Moore Doreen Harris Justin Driscoll HubertBolduc for joining us this evening! We are proud of our ongoing collaboration for a greener future 🌍🤝and our 4th year as partners at the #BNEFSummit , alongside InvestissementQuébec. 🎉BloombergNEF Martine Hébert

It was great to be in New York City today to speak on a panel at the BloombergNEF Summit with BNEF Head of Clean Power @Meredith_Annex, @EdisonIntl President and CEO Pedro Pizarro & Pattern Energy President Kristina Lund. #BNEFSummit

We're heading for serious overcapacity in the battery market. Good news for automakers and EV buyers, but challenging times ahead for new entrants to the battery game.

More in my latest for BloombergNEF here:
bloomberg.com/news/newslette…

The world's largest economies have made limited progress in boosting their decarbonization policies over the past year.🚨

Our G-20 Zero-Carbon Policy Scoreboard found that members scored on average only 49% - just a 1% rise from 2023. bloom.bg/4aoEEEp

The oil and gas sector is shifting away from renewables and power in its decarbonization efforts.

Low-carbon molecule technologies, such as carbon capture and storage, renewable fuels and advanced materials are becoming the new darlings of the industry. bloom.bg/3J6uhsV

With 4.4M units sold globally in Q4, and 13.7M in 2023 as a whole, electric vehicles made up 18% of total passenger vehicle sales in the world last year.

But a slowdown in growth is on the horizon. More on what we think 2024 looks like for EVs. ⚡️🚗 bloom.bg/3J6kLGd