Bloomberg buys New Energy Finance

Bloomberg has bought New Energy Finance (NEF), the London-based news and data service for renewable energy and carbon markets, for an undisclosed sum. It is understood that NEF will be integrated into Bloomberg, which is subsequently expected to begin offering carbon market related analytics tools. Bloomberg has been quickly building up a presence in the environmental, social and governance data areas in recent months. In September it signed up to the United Nations Principles for Responsible Investment PRI before launching a dedicated ESG service on its Bloomberg Professional trading screens in November.New Energy Finance, which was founded in 2004, has more than 130 staff worldwide.
Peter Grauer, chairman of Bloomberg, said: “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. Bloomberg’s vision is to be the leader in information, analytics and trading architectures to support low-carbon energy solutions.”