Bloomberg Energy Outlook Report Future of Energy From 2016 to 2040 June 17, 2016 Producer: Ben Booker Edited by: Claire Carter Director: Afzal Bari

Bloomberg Report Estimates $11.4 Trillion In Energy Investment By 2040; $7.8 Trillion Is In Renewables BLOOMBERG ENERGY REPORT June 15, 2016 | Ben Booker Source: Bloomberg New Energy Finance, “ New Energy Outlook 2016,” June 13, Amount of Total Energy Investment From 2016 to 2040 Measured in Trillions of Dollars ■ Renewable Energy Investment ■ Nuclear and Fossil Fuels 1

Solar Accounts For Largest Share of Renewable Investment With $3.4 Trillion BLOOMBERG ENERGY REPORT June 17, 2016 | Ben Booker Source: Bloomberg New Energy Finance, “ New Energy Outlook 2016,” June 13, 2016; Tom Randall, “The World Nears Peak Fossil Fuels For Electricity,” Bloomberg, June 13, Amount of Total Renewable Energy Investment From 2016 to 2040 Measured in Trillions of Dollars ■ Solar ■ Wind ■ Hydropower 2

Solar and Wind Prices Will Drop 60% and 41% Respectively by 2040 June 17, 2016 | Ben Booker Source: Bloomberg New Energy Finance, “ New Energy Outlook 2016,” June 13, 2016; Tom Randall, “The World Nears Peak Fossil Fuels For Electricity,” Bloomberg, June 13, BLOOMBERG ENERGY REPORT ■ Solar ■ Wind Percentage Drop In Price From Current Prices By

Electric Vehicles Will Make Up 35% of the Total Amount of Vehicles Using 8% of Total Electricity June 17, 2016 | Ben Booker Source: Bloomberg New Energy Finance, “ New Energy Outlook 2016,” June 13, 2016; Tom Randall, “The World Nears Peak Fossil Fuels For Electricity,” Bloomberg, June 13, BLOOMBERG ENERGY REPORT Percentage of Total Vehicles That Are Electric Vehicles Worldwide 4

Lithium Ion Batteries’ Cost Will Decrease by 76% Resulting In Massive Increase in Battery Storage Power June 17, 2016 | Ben Booker Source: Bloomberg New Energy Finance, “ New Energy Outlook 2016,” June 13, 2016; Tom Randall, “The World Nears Peak Fossil Fuels For Electricity,” Bloomberg, June 13, BLOOMBERG ENERGY REPORT Amount of GigaWatts Used in Behind the Meter Storage 5

An Additional $5.3 Trillion Investment in Renewables Is Needed To Hit the Paris Climate Agreement’s 2 o C Goal June 17, 2016 | Ben Booker Source: Bloomberg New Energy Finance, “ New Energy Outlook 2016,” June 13, 2016; Tom Randall, “The World Nears Peak Fossil Fuels For Electricity,” Bloomberg, June 13, BLOOMBERG ENERGY REPORT Amount of Investment in Clean Energy Needed For Climate Agreement Goals By 2040, Measured in Trillions ■ Projected Renewable Investment ■ Additional Funding in Renewables Necessary to Hit 2 o C Target 6

Solar Will Be the Fastest Growing Energy Source Climbing From 4% to 29% of Total Installed Capacity By 2040 BLOOMBERG ENERGY REPORT June 17, 2016 | Ben Booker Source: Bloomberg New Energy Finance, “ New Energy Outlook 2016,” June 13, 2016; Tom Randall, “The World Nears Peak Fossil Fuels For Electricity,” Bloomberg, June 13, Total Amount of Global Installed Capacity By Source ■ Coal ■ Gas ■ Nuclear ■ Hydro ■ Wind ■ Solar ■ Flexible Capacity ■ Other 7