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Bloomberg Buys New Energy Specialist
Business and financial information giant Bloomberg has announced the acquisition of news, data and analysis firm New Energy Finance (NEF), whose services include custom research as well as database and subscription-based insight products.
The buy combines NEF's specialist data and market knowledge with Bloomberg's reach / client base and its analytics capabilities. Founded in 2004, the firm provides financial clients, manufacturers, oil and gas companies, utilities, NGOs and governments with subscription-based news, data and research in the clean energy and carbon markets. Its staff of 130 is based in twelve offices across five continents.
The company covers carbon markets in Europe, Australia and the US and for the International market (Kyoto). It also offers an Industry Intelligence database of investors and investments in clean energy and a News and Briefing Service, and conducts custom research and consultancy work.
Bloomberg Chairman Peter T. Grauer comments: 'This acquisition is the next step in Bloomberg's initiative to develop and promote the carbon and clean energy markets. Carbon and clean energy issues touch every segment of the global economy, and are of increasing importance to our customers... The combination of Bloomberg and New Energy Finance creates a unique opportunity to shape the future of this growing market and impact the planet in a positive way.'
Michael Liebreich, Chairman and CEO of NEF says the deal will enable his company to maintain its market leadership position, 'developing new services of great sophistication for our clients as the clean energy and carbon markets grow rapidly and become an important part of mainstream investing.' He adds: 'I am particularly pleased to be announcing the deal just as the international negotiations in Copenhagen get under way.'
Guy Turner, NEF's Director of Carbon Market Research, comments: 'Global carbon markets are here to stay. This year will see trading volume of around $120 billion, and we expect this figure to grow to approximately $2 trillion by 2020.'
Web site: www.bloomberg.com .
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