Albert Cheung

Albert Cheung, Deputy CEO of BloombergNEF, provides key insights into the shifting landscape of climate policy as the U.S. exits the Paris Agreement under President Trump. He discusses the surge in global clean energy investments, particularly driven by China, which now accounts for two-thirds of growth. Cheung also highlights the competitive dynamics of the energy transition and the impact of the U.S. withdrawal on international climate diplomacy, stressing the urgent need for action amidst worsening climate challenges.

Albert Cheung, Deputy CEO of BloombergNEF, dives into the mixed results of clean energy in 2024, revealing record EV sales and clean power gains yet highlighting critical shortfalls in achieving net zero by 2050. He discusses five key lessons for the energy transition, addressing the challenges of insufficient investment while emphasizing the resilience of clean energy initiatives. Cheung also spotlights the urgent need for improved policies and collaboration in emerging sectors like hydrogen and offshore wind to foster a sustainable future.

Albert Cheung, Deputy CEO of BloombergNEF, discusses the complexities of the global energy transition. He contrasts the U.S., China, and Europe’s differing priorities, highlighting how geopolitical tensions shape energy strategies. Despite challenges, Cheung reveals record growth in renewables and declining storage costs, essential for the transition. He examines EV adoption and the expected peak in oil demand, while emphasizing the importance of policy in hard-to-abate sectors. Cheung paints a picture of a fragmented landscape where innovative technologies could drive progress.