1. Half a trillion dollars of investment again, but stock market bumps – Angus McCrone Today, BNEF has introduced a new, broader measure of decarbonization activity – what we have dubbed “energy transition investment”. See our press release here. Incorporating investment in renewable energy capacity, plus spending on electric vehicles and charging infrastructure, and on electrical heat, batteries, carbon capture and storage, and green hydrogen, it totaled $501.3 billion in 2020, a rise of 9% on the previous year. We expect this new level to be maintained in 2021. Electric vehicle sales are expected to jump (see prediction 5 below), and solar installations look set to have yet another record