Zero: The Climate Race

Depending on who you ask, AI is either going to save the world or end it. The technology’s capacity for data-crunching and problem-saving can help predict weather events, making it easier to optimize power grids, prepare for natural disasters, and maximize crop output. But artificial intelligence is also energy intensive – and easy to apply to ethically questionable ends. For all of these reasons, Priya Donti, professor of electrical engineering and AI at MIT, decided to found Climate Change AI, a group dedicated to applying AI to tackle climate problems. Donti tells Akshat Rathi about some of the projects the group is funding around the world, and what the democratization of AI would look like in practice. Explore further: Past episode about Microsoft’s rising AI emissions, and President Brad Smith’s claim that the AI will do more good than harm Past episode with African Development Bank president Akinwumi Adesina about climate innovation projects across the African continent Past episode with climate scientist and champion for developing countries Saleemul Huq Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Kira Bindrim, Anna Mazarakis and Alicia Clanton. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Microsoft’s recent push to capitalize on artificial intelligence has made it the world’s most valuable company. But according to new figures, that ambition is coming at the expense of its climate goals. In 2020, the company pledged to be carbon-negative by the end of the decade. Instead, its emissions rose 30% between 2020 and 2023. Microsoft President Brad Smith says the company isn’t giving up on its green goals — and that the good AI can do for the world will outweigh its environmental impact. Akshat tells Zero producer Mythili Rao about his conversation with Smith, and how other tech giants will be making similar calculations. Explore further: Past episode with BNEF’s Jenny Chase on how to triple renewable energy by 2030 Past episode with Notre Dame professor Emily Grubert about the possibility of carbon capture Past episode with Electra CEO Sandeep Nijhawan on making zero emissions steel Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Kira Bindrim, Dina Bass, and Alicia Clanton. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

After 14 years as a member of Parliament for the UK’s Conservative Party, Chris Skidmore quit the government in January — an act of protest over Prime Minister Rishi Sunak’s decision to allow new oil and gas licenses. Skidmore says the party has lost its way when it comes to climate issues, costing the UK lives, jobs and opportunities for economic growth. In this episode, Skidmore also discusses the Net Zero Review he published while in office, and talks through climate solutions emerging outside of Westminster. Explore further: Past episode with Chris Stark of the UK’s Climate Change Committee about whether the era of climate consensus is over Past episode with Bryony Worthington, one of the authors of the UK’s Climate Change Act Past episode with three US governors– Republican and Democrat– about how they navigate partisan politics and the need for climate action. Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Kira Bindrim and Alicia Clanton. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Five years ago, the Green Party celebrated its best-ever results in European elections, ushering in a new era of legislative progress But Covid-19, inflation, supply chain woes and Russia’s war in Ukraine stalled its ambitions. Now, in the face of lagging poll numbers, Dutch Member of European Parliament Bas Eickhout is trying to convince voters that the party’s vision of an equal and ecological Europe is still relevant – and isn’t too costly. Explore further: Past episode with Daniel Fiorino on the challenge of democratic consensus-building when it comes to prioritizing climate policy Past episode exploring the government interventions that allowed Danish fossil fuel giant Orsted to become the world's largest developer of wind power Past episode with Europe's top industrialist Jim Hagemann Snabe on helping industrial behemoths reach climate goals Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Kira Bindrim, Alicia Clanton and John Ainger. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Africa currently loses between $7 billion and $15 billion a year because of climate change. If that trend continues, the sum could reach $50 billion by 2030. But African Development Bank President Akinwumi Adesina sees a way forward. He describes the financial instruments the bank is using to encourage investors to fund green development projects across the continent. Adesina talks about making climate investments more attractive globally, and unpacks the projects the bank is already funding – from solar panels in the Sahel to a hydroelectric dam in Mozambique. Explore further: Past episode with Avinash Persaud on simplifying the complexities of climate finance Past episode exploring how Brookfield Asset Management is making renewables profitable all around the world Past episode discussing how to get big money to invest in projects that help people adapt to a world that's already hotter than ever before Zero is a production of Bloomberg Green. Our producers are Mythili Rao, Magnus Henriksen, and Oscar Boyd. Special thanks this week to Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Denmark’s Vestas has been making wind turbines exclusively since 1989 — well before the notion of an energy transition was commonplace. But that foresight hasn’t made for smooth sailing: When Henrik Andersen joined Vestas in 2013 as a board member, the company was deep in debt and shareholders were worried. A decade later, Andersen is CEO and has pulled Vestas out of trouble yet again, just as wind power is starting to play a critical role in the global energy transition. Andersen describes some of the government policies that have hindered or helped the growth of this sector, and describes the innovations making wind harvesting even more efficient. Explore further: Listen to last week’s episode on the wind industry’s struggle and how one big player remains bullish. Read about how the wind industry is breaking free of European bureaucracy. Listen to an earlier episode on how to make the renewable energy industry profitable in developed and developing countries. Zero is a production of Bloomberg Green. Our producers are Mythili Rao, Sommer Saadi and Magnus Henriksson. Special thanks this week to Kira Bindrim and Will Mathis. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

If you've paid much attention to the wind industry lately, the news isn’t great. Building new projects is getting more expensive and getting government permission to do it is taking longer than ever. Even major players like Orsted, Vestas and Siemens are struggling. But it's not all negative — there are still big players winning in wind. One of them is Copenhagen Infrastructure Partners. This week, Bloomberg Green senior reporter Akshat Rathi speaks with CIP founder and managing partner Jakob Baruël Poulsen to understand how the industry is dealing with its many challenges, why CIP is still profitable and what will be needed for wind deployment to keep pace with climate goals. Zero is a production of Bloomberg Green. Our producers are Tiffany Tsoi, Sommer Saadi and Magnus Henriksson. Special thanks this week to Kira Bindrim and Will Mathis. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Clean energy technologies saw a record influx of investment last year: $1.7 trillion in total. But that still falls short of what’s needed to meet climate goals. With venture capital investment now falling, it’s increasingly difficult for startups to gain traction. Claire Curry, global head of technology, industry & innovation at BloombergNEF, follows the journeys of many young companies in the clean-tech space. On this week’s Zero, Curry tells Akshat Rathi about the kinds of innovative pathways that have proven successful. LanzaTech, for example, a nine-year-old carbon recycling technology company, works with Chinese steel companies looking for low-emissions solutions. H2 Green Steel also scaled quickly, in part through agreements reached with Mercedes Benz, IKEA and other big brands looking to access low-carbon steel. Curry explains how these approaches could be replicated by other startups. Listen to Zero’s episode about green-iron startup Electra. Listen to Switched On’s episodes on clean-energy investments and plastic recycling. Zero is a production of Bloomberg Green. Our producers are Mythili Rao, Magnus Henriksson, and Sommer Saadi. Special thanks this week to Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

When the UK’s Climate Change Committee was formed in 2008, it both signaled the country’s seriousness about its environmental goals and gave other nations a template for setting their own climate policy. More recently, though, the UK appears to be backpedaling: Prime Minister Rishi Sunak has approved new oil and gas licenses and pushed back a ban on fossil fuel cars. To understand how we got to this contentious moment, and how the UK can reclaim leadership, Zero host Akshat Rathi sat down with the CCC’s chief executive, Chris Stark. Zero is a production of Bloomberg Green. Our producers are Mythili Rao, Sommer Saadi and Magnus Henriksson. Special thanks this week to Kira Bindrim and Jessica Nix. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

The plastic problem is everywhere: in our oceans, communities, even inside our bodies. Plastic is abundant and very cheap, and the amount we produce is expected to triple by 2060 from 430 million tons a year to 1.2 billion tons, according to the OECD. The large amount of plastic could produce four billion tons of greenhouse gases, so a fix is becoming increasingly necessary. This week, Bloomberg Green senior reporter Akshat Rathi sat down with Inger Andersen, head of the UN’s Environment Program, to talk about an upcoming treaty that tackles increasing levels of plastic. You can read the transcript of this conversation here. Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim, Leslie Kaufman and Tiffany Tsoi. Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

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When Brookfield Asset Management launched a $15 billion fund to expand clean energy in 2021, it was the largest private fund of its kind in the world. Now Brookfield is starting a second fund with billions from Alterra, which is backed by the United Arab Emirates. Zero host Akshat Rathi sat down with Brookfield Renewable Partners CEO Connor Teskey to talk about making climate finance work. You can read the transcript of the conversation here. Zero is a production of Bloomberg Green. Our producers are Tiffany Tsoi, Sommer Saadi and Magnus Henriksson. Special thanks this week to Kira Bindrim and Jessica Nix. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

It is now cheaper to save the world than destroy it. But is capitalism up to the challenge of preventing the climate crisis? In his new book Climate Capitalism, Zero host Akshat Rathi introduces a dozen people who are already steering capitalism to solve the climate crisis: from the engineer who shaped China's electric car policies and the politician who helped make net-zero a UK law to the CEO who fought off a takeover attempt so he could stick with a sustainability strategy. Akshat argues that not only is capitalism capable of taking on the climate crisis, but harnessing it is the only way to solve the climate crisis in the time we have available. And yet while some improvements have been made over the past few years, the world is off track to meet its 2050 climate targets. So today on Zero, Bloomberg’s Greener Living editor Kira Bindrim sits down with Akshat to discuss his new book, and asks him: If climate capitalism is so doable, why does it seem so difficult? Read more: Order Akshat’s new book, Climate Capitalism Listen to the interview with Fatih Birol that Akshat mentions Hear Akshat and Kira talk about the reality of carbon footprints Read a transcript of this episode Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Anna Mazarakis, Gilda di Carli and Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

John Kerry is the Forrest Gump of climate. The guy you’ll find at every important turn in history doing something impactful. For the last three years, he has been the US special presidential envoy for climate and tasked with restoring the US’s global credibility on climate action. In a conversation with Akshat Rathi, Kerry reflects on those efforts, his frustrations and what still keeps him going at 80. Read Bloomberg Green's feature looking at Kerry's work in the envoy role. Zero is a production of Bloomberg Green. Our producers are Tiffany Tsoi, Sommer Saadi and Magnus Henriksson. Special thanks this week to Kira Bindrim and Jen Dlouhy. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

The Deal, hosted by Alex Rodriguez and Jason Kelly, features intimate conversations with business titans, sports champions and game-changing entrepreneurs who reveal their investment philosophies, pivotal career moves and the ones that got away. From Bloomberg Podcasts and Bloomberg Originals, The Deal is available on Apple Podcasts, Spotify, iHeart, Bloomberg Carplay, or wherever you get your podcasts. You can also watch The Deal on Bloomberg Television, and Bloomberg Originals on YouTube.See omnystudio.com/listener for privacy information.

Tom Steyer is a hedge-fund billionaire who made his money investing in distressed assets, including fossil fuel projects. He’s also an avowed climate activist and a major donor to US politicians seeking to tackle climate change. After a short-lived run for president, Steyer in 2021 set up Galvanize Climate Solutions, a firm that invests in companies and technologies promising emissions reductions this decade. It recently raised $1 billion. Zero host Akshat Rathi spoke with Steyer at COP28 in December, to ask why he got out of fossil fuels, the consequences of bad carbon accounting, and what the return of Donald Trump would mean for global climate ambitions. Read more: Tom Steyer Launches New Climate Tech Investment Fund With $1 Billion - Bloomberg Greening US Apartments Is New Project of Billionaire Tom Steyer - Bloomberg Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim, Tiffany Tsoi. Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

This January, Davos will once again host the World Economic Forum’s annual meeting and bring together the world's business and political elite. In recent years, climate change has climbed ever further up the agenda at this high-altitude event. How did it happen? Akshat Rathi talks to Gail Whiteman, one person responsible for it. Gail is the founder of the Arctic Basecamp, and since 2017 has camped out for the week of Davos to deliver the urgent message about climate risks and the immense dangers it poses to the world economy. Read more about the state of snow in Davos and why the business elite are starting to care. Read a transcript of this episode, here. Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Are fossil fuel companies needed in a clean energy future? Is the UK really backsliding on climate progress? And how can you find out more about solar? In the last episode of Zero for 2024, host Akshat Rathi and producers Oscar Boyd and Christine Driscoll talk about some of their favorite statistics that show people taking action on the climate crisis. Read more: World Energy Employment 2023 – Analysis - IEA Annual North Sea oil and gas licences - Energy Live News The Godfather of Solar Predicts Its Future - Bloomberg How to Quit Your Job for the Climate How to Crisis-Proof Climate Action Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green.See omnystudio.com/listener for privacy information.

Today we're sharing an episode from another climate podcast that you might like, Drilled. Zero’s host Akshat Rathi was a guest on Drilled earlier this year talking about his book, Climate Capitalism, and we’re dropping that episode in the feed today. If you like what you hear you can follow Drilled wherever you get your podcasts. See omnystudio.com/listener for privacy information.

Today we’re sharing an episode from another climate podcast that you might like. It’s The Anti-Dread Climate Podcast from KCRW. If you like what you hear, check them out wherever you get podcasts. See omnystudio.com/listener for privacy information.

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COP28 comes to a close. 200 countries came together, 100,000 people flew in, and what did they produce? A piece of text. But sometimes that piece of text can have real world consequences. In this week’s episode Akshat speaks with producer Oscar Boyd about what is in the final COP28 text and the significance of agreeing to transition off of fossil fuels. Read More: COP28 Nations Reach First-Ever Deal to Move Away From Fossil Fuels Climate Fight Takes Aim at Food in First Ever Net-Zero Plan Sign up to the Green newsletter Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Four billion people live in countries where climate change-related disasters are becoming more severe and frequent. Spending money to adapt, known as “climate adaptation finance” is a fraught topic. Who will pay for those adaptations and how, as well as a global goal on adaptation are all being discussed at COP28. To find out more, Akshat speaks with Patrick Verkooijen, head of the Global Center on Adaptation about the history of climate adaptation finance, what negotiations are taking place, and why the money promised still hasn’t arrived.Read More: A quick Q&A with Patrick Verkooijen at COP28 A UN report shows that the climate adaptation gap is growing Sign up to the Green newsletter Fill out Bloomberg Green's climate anxiety survey Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Former US Vice President Al Gore has been going to COP summits since the beginning. But he’s much more than a COP-goer. Many of today’s climate activists say that Gore’s climate documentary An Inconvenient Truth was the reason they became activists. The movie won an Academy Award in 2007 and also bagged him that year’s Nobel Peace Prize alongside the Intergovernmental Panel on Climate Change. Gore has become the de facto spokesman for climate change. In recent years and especially before COP28, he’s become much more vocal in calling out the villains. He has castigated the role of petrostates and oil companies who shape the COP agenda, saying they’ve “taken the disguise off” and are not good faith partners. Bloomberg Green senior reporter Akshat Rathi spoke with Al Gore at the Bloomberg Green Summit at COP28 in Dubai to ask him how to break the stranglehold petrostates have over COP, why tackling climate change solves many other major problems, and why big emitters can no longer hide. Read more: Al Gore Wants to Weaken Petrostates’ Power Over Global Climate Decisions — Bloomberg Akshat Rathi's book of essays about climate activists inspired by Al Gore Sign up to the Green newsletter Fill out Bloomberg Green's climate anxiety survey Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Tripling renewables is one of the goals the COP28 discussions are circling around. It sounds good, but what will meeting it actually entail? Jenny Chase of BloombergNEF joins Akshat to break down where more investments are needed and why decarbonizing energy is the easy part. Listen to our previous episode with Jenny Chase on solar's explosive growth Sign up to the Green newsletter Fill out Bloomberg Green's climate anxiety survey Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Today is the start of COP28. And for the next two weeks, Zero will be in the United Arab Emirates, along with more than 70,000 people who will come for the year’s biggest climate conference. These are set to be difficult negotiations. Getting every single country to agree to one common text is a gargantuan task. So for this first episode from COP, we wanted to hear from someone who’s been on the inside; someone who has helped forge global climate agreements from the ashes of broken diplomacy. Christiana Figueres is the cohost of the podcast Outrage & Optimism, and was formerly the head of the UNFCCC, the body tasked with running COP meetings. She took over the role at a low point in global climate negotiations in 2010 and her efforts culminated in the signing of the Paris agreement in 2015. Now, the world is way off track to meet that goal. So we wanted to hear from Christiana about what can be expected from COP28, the role the fossil fuel industry plays in negotiations, and whether the climate summit is still fit for purpose. More: Listen to Christiana's podcast, Outrage and Optimism Sign up to the Green newsletter Fill out Bloomberg Green's climate anxiety survey Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kate Mackenzie and Kira Bindrim. Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Trillions of dollars are needed to shift the world to a low-carbon future, but where will all that money come from? While momentum is growing in rich countries, developing countries are still struggling for finance. Without significant increases in the amount of money spent, the world is unlikely to meet its climate goals, and yet international negotiations are at a deadlock. Avinash Persaud has a plan: the Bridgetown Agenda. He’s the special envoy on investment and financial services for Barbados and is working with his country’s prime minister, Mia Mottley, to transform the global financial system. Together they are putting pressure on the World Bank and International Monetary Fund to turbocharge the roll-out of clean technologies in developing countries. This week on Zero, Akshat Rathi sits down with Avinash to discuss his plan, and why he thinks now is the time these aging financial institutions can finally be reformed. Read more: A deep dive on the Bridgetown Agenda Mia Mottley’s full speech at COP27 Making polluters pay for loss and damage Cheaper currency risk hedging could unlock trillions Read a transcript of this episode Fill out Bloomberg Green's climate anxiety survey Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kate Mackenzie and Kira Bindrim. Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

The UN Climate Conference COP28 starts next week. Before Akshat heads to the conference he’s joined by Aaron Rutkoff, the editor of Bloomberg Green, to talk about what COP’s current controversial president Sultan Al Jaber has accomplished so far and what he must achieve. They also decode COP jargon like “orderly decline,” discuss the stakes for the UAE’s biggest diplomatic exercise and expectations for the final communiqué. Listen to related episodes: Carbon removal's magic number Big promise, little success: The state of carbon capture We need trillions to fix the climate. Finally there's a serious plan. A kingdom built on oil now controls the world’s climate progress Read articles mentioned in this episode: UAE's Oil Boss Sultan Al Jaber Has a Plan to Fix COP28 John Kerry’s Promise of ‘Millions’ for Climate Damages Criticized by Activists COP28: How to Tell If a Climate Deal Will Succeed or Fail Fill out Bloomberg Green's climate anxiety survey Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Stacey Wong and Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

By 2025, China’s battery production capacity will be three times as much as the rest of the world combined. Why was it able to take such a commanding lead? Listen to an extract from Akshat Rathi’s new book Climate Capitalism to find out. Read more: How China Left the World Far Behind in the Battery Race - Bloomberg Read Climate Capitalism Fill out Bloomberg Green's climate anxiety survey Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

If reducing emissions from industry is the first step for carbon capture, then drawing down excess CO2 to reverse climate change is the next. This week Akshat speaks to Dr. Jennifer Wilcox, head of the US Department of Energy’s office that is funding two gigantic carbon removal hubs and many small demonstration projects. They talk about why carbon removal is so complicated, crucial, and hitting the magic number $100. This is the second in a two part series about carbon management. Listen to the previous episode in this series: Big promise, little success: The state of carbon capture Read More: Bill Gates-Backed Startup Uses Old Wood to Remove Carbon From Air Climeworks Battles Big Oil For $1 Trillion Carbon Capture Market Send us your questions about COP via [email protected] and we’ll try to answer them from the conference Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim, Brian Kahn, and Michelle Ma. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

You may not know Jim Hagemann Snabe by name, but he has been called Europe’s top industrialist. Snabe has held leadership positions at some of the world’s biggest companies like Maersk and Siemens. He is now a chairperson of Northvolt, Europe’s largest battery manufacturer with 4,000 employees, $55B worth of orders and the competitive edge of greener batteries. Akshat spoke with Jim Snabe at the Bloomberg Tech Summit in London about how industrial behemoths like Maersk and Siemens can meet climate goals, whether zero-emission shipping will ever be a reality, and whether Northvolt can ever outcompete the Chinese battery industry. Send your questions about COP to [email protected] and we’ll try to answer them from the conference. Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

At Bloomberg, we’re always talking about the biggest business stories, and no one is bigger than Elon Musk. In this new chat weekly show, host David Papadopoulos and a panel of guests including Businessweek’s Max Chafkin, Tesla reporter Dana Hull, Big Tech editor Sarah Frier, and more, will break down the most important stories on Musk and his empire. Listen wherever you get your podcasts.See omnystudio.com/listener for privacy information.

The U.S. is spending billions on carbon capture as a climate solution, but is it realistic? The method has been around for 50 years and used primarily as a way to extract more oil. To find out how and if carbon capture can work as a climate solution, Akshat speaks with Emily Grubert, a professor at Notre Dame about what tech demonstrations have actually demonstrated and where this precious resource should be deployed. This is the first in a two part series about carbon management. Read More Occidental Quietly Ditched World's Biggest Carbon Capture Plant What Carbon Capture Failures Say About Its Future Fill out Bloomberg Green's climate anxiety survey Listen More A kingdom built on oil now controls the world’s climate progress Peak oil is here. Well, maybe. Vicki Hollub is selling net zero oil, do you buy it? Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

Saleemul Huq was a pre-eminent climate scientist and champion for developing countries. For many years, he was a lone warrior trying to bring the issues of adaptation and loss and damage to the UN negotiating table. His death last weekend caused an outpouring of emotion across the climate world. Ahead of COP28, Zero hears from some of Saleemul’s colleagues about his life, legacy and the hole he leaves behind in climate diplomacy. Read more: Saleemul Huq's obituary Saleemul Huq and Farhana Sultana's Guardian op-ed Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

This week, the International Energy Agency published its flagship report: The World Energy Outlook. It's hundreds of pages long and makes some bold claims. It says in the year 2030, there will be 10 times as many electric cars on the road as today, 80% of all new power generation will be solar or wind, and demand for fossil fuels – coal, oil and gas – will have peaked. The report is dominating climate news because what the IEA says makes a big difference to how governments tweak their energy policies. But how did an organization formed by a handful of countries in response to the 1973 oil crisis come to hold so much influence over our response to the climate crisis? For the answer, this week we’re revisiting one of our favorite episodes: an interview with Fatih Birol, the head of the IEA. As we approach COP28, hosted by an oil power and led by the CEO of an oil company, it’s good to understand how international organizations can be successfully transformed in the face of climate change. Read more: Read the World Energy Outlook Global Oil Demand to Reach Its Peak This Decade, IEA Says— Bloomberg Want to know more about the IEA story? Order Akshat’s book, Climate Capitalism, here. Read a transcript of this episode here Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks this week to Eric Roston, Kira Bindrim and Will Mathis. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Cars are only half the electric vehicle story. There are also billions of two and three wheelers that need to be electrified, as well as bigger vehicles like vans, trucks and buses. In this bonus episode of Zero, we’re joined again by Colin McKerracher, BloombergNEF’s head of advanced transport, to look beyond electric cars and hear how electrification is going for other forms of road transport. Are batteries still the answer? Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

Peak oil is here, or is it? Depends on how you measure, but at least one person is sure crude isn’t coming back. This week Akshat speaks with Bloomberg Opinion columnist David Fickling about why he thinks the world has reached peak crude oil demand, what comes next, and what it all has to do with the American soap opera Dallas. Read more David’s original article: Peak Oil Has Finally Arrived. No, Really Not everyone agrees: The Harsh Truth: We're Using More Oil Than Ever Latest IEA forecasts: Global Oil Demand to Reach Its Peak This Decade, IEA Says Read or pre-order Akshat’s book Climate Capitalism Listen Listen to the interview with IEA head Fatih Birol Listen to the interview about EVs and oil demand with Colin McKraccher Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

It is now cheaper to save the world than destroy it. But is capitalism up to the challenge of preventing the climate crisis? In his new book Climate Capitalism, Zero host Akshat Rathi introduces a dozen people who are already steering capitalism to solve the climate crisis: from the engineer who shaped China's electric car policies and the politician who helped make net-zero a UK law to the CEO who fought off a takeover attempt so he could stick with a sustainability strategy. Akshat argues that not only is capitalism capable of taking on the climate crisis, but harnessing it is the only way to solve the climate crisis in the time we have available. And yet while some improvements have been made over the past few years, the world is off track to meet its 2050 climate targets. So today on Zero, Bloomberg’s Greener Living editor Kira Bindrim sits down with Akshat to discuss his new book, and asks him: If climate capitalism is so doable, why does it seem so difficult? Read more: Order Akshat’s new book, Climate Capitalism Listen to the interview with Fatih Birol that Akshat mentions Hear Akshat and Kira talk about the reality of carbon footprints Read a transcript of this episode Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Anna Mazarakis, Gilda di Carli and Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

The rise of electric cars is staggering. In 2016, just 700,000 electric cars were sold worldwide, this year it’ll be over 14 million. However, we are still off-track to meet climate goals. Colin McKerracher, head of Advanced Transport at BloombergNEF, joins Zero to discuss how electric cars can get on track to meet net-zero targets, why China has succeeded where others haven’t, and when we’ll finally see more electric cars on the roads than those burning fossil fuels. Read more: China Reaches Peak Gasoline in Milestone for Electric Vehicles Electric Vehicle Sales Top $1 Trillion in Wake-Up Call for Carmakers Electric Cars Are Winning Out Because of Consumers, Not Politicians Pre-order Akshat’s new book, Climate Capitalism Read a transcript of this episode. Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

Brynn O’Brien not only reads corporate climate plans, she crunches the numbers. When they don’t add up, she calls her friends who manage trillions of dollars in assets and they all ask to speak to the manager. Brynn is the Executive Director of the Australasian Centre for Corporate Responsibility, a shareholder activist organization that works to ensure that publicly traded companies with net zero goals are conducting their coal mining, electricity generation, and other activities in a way that ensures we hit the 1.5C Paris target. Recently, ACCR has replaced part of a board, brought forward coal plant closures, and filed a lawsuit that’s taking on greenwashing. Listen to other episodes: Listen to an episode about divestment with the writer behind Love Actually Listen to our episode about Australia’s “Climate Election.” Read More: AGL Plans Massive Expansion of Renewables as it Abandons Coal - Bloomberg Order Akshat’s book Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to David Stringer and Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

Are two wheels better than four? Can cutting commuting cap carbon consumption? And where’s all the clean energy coming from? There are many climate numbers out there that we don’t get to talk about on Zero but that deserve attention. In this bonus episode, host Akshat Rathi and producers Christine Driscoll and Oscar Boyd talk about some of their favorite stats showing people taking action on the climate crisis. More Links: Electric Vehicle Output Report 2023 — BloombergNEF People who work from home all the time ‘cut emissions by 54%’ against those in office — The Guardian Electricity Market Report – Update 2023 — International Energy Agency You can pre-order Akshat's book here. Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green See omnystudio.com/listener for privacy information.

Setting world records. Combing through warehouses of old electronics. Seeding the Chinese solar industry from afar. This is the life of Martin Green, a professor at the University of New South Wales in Sydney and the director of the Australian Centre for Advanced Photovoltaics. Green’s work on solar panel design made the modern solar industry possible: 90% of solar panels made last year were based on his designs. He’s still going strong, too, regularly breaking new records in the pursuit of the perfect solar panel. This week on Zero, Akshat Rathi sits down with the man many call “the godfather of solar” to hear firsthand how it happened, the next record he wants to break and whether solar panels are destined for space. Read more: Making Solar Panels Is 'Horrible' Business. The US Still Wants It. (Bloomberg) Listen to Akshat’s conversation with Jenny Chase (Apple Podcasts) Solar Power Investment Set to Surpass Oil Production Spending This Year (Bloomberg) China Leaves Everyone Behind in Race for Renewable Energy (Bloomberg) A transcript of this episode. Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Jill Namatsi, David Stringer, Jenny Chase and Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

Cleantech is hard. Farming is harder. This week, Akshat Rathi visits entrepreneurs doing both. GroGrace in Singapore and Jungle in Paris are two vertical farming companies taking agriculture indoors, and trying to grow crops efficiently and profitably. While the technology to do this has been around since the 1990s, the business model has yet to be perfected, and several other vertical farms have closed down or laid off staff this year. As the world faces rising energy prices, water scarcity, and hotter temperatures, can the entrepreneurs in Paris and Singapore avoid the problems of their compatriots? Read more: Akshat Rathi’s reporting on Singapore’s cleantech scene: Singapore’s Building Technology It Needs for a New Climate Era - Bloomberg From AppHarvest to AeroFarms, Funding Is Drying Up for AI-Run Vertical Farms - Bloomberg Heat, War and Export Bans: Global Food Threats Are On the Rise Another tale of the Dutch exporting their vertical farming know-how: Saudi City of Future Enlists Dutch Help to Grow Crops in Desert - Bloomberg A transcript of this episode. Listen to related episodes of Zero: The world's food system needs a radical rethink - interview with George Monbiot Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Sheryl Tian Tong Lee, Natasha White and Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

Trillions of dollars are needed to fund the climate transition, with both the private sector and governments required to contribute. Australia’s answer is the Clean Energy Finance Corporation (CEFC), the world’s largest green bank. Established by the government in 2012 with an initial funding of A$10 billion ($6.5 billion), it was tasked with financing green projects and ambitious Australian climate startups at a time when large-scale investments in things like wind and solar were still seen as too risky for most private banks. Despite early efforts by opposition parties to abolish the bank, over the past 10 years it has made itself an essential part of Australia's energy transition and, in June, received an extra A$20.5 billion to help the country meet its target of 82% renewables by 2030. This week on Zero, Akshat Rathi sits down with CEFC chief executive officer, Ian Learmonth, to learn how this huge amount of money will be spent, why the CEFC had so many enemies early on, and what kind of innovative startups and clean-tech projects the organization is looking to fund. For more: Our episode with Jigar Shah, a $9 Billion Deal to Supercharge US Cleantech Our episode on Australia’s new climate politics A transcript of this episode Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Gilda Di Carli and Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green See omnystudio.com/listener for privacy information.

The concept of a “carbon footprint” began as a distraction from Big Oil: get people to focus on their own actions rather than the impact of large emitters. Oil companies come up with PR campaigns all the time, but the carbon footprint took off because it taps into a question we keep coming back to, can our choices lower emissions? If so, how? And if they don’t, why bother? This week, Akshat is joined by Kira Bindrim, the editor of Bloomberg Greener Living, which focuses on consumer choices, to talk about what she’s noticed in a year of editing stories about products, misconceptions, and how much people just love to read about electric cars. Plus, we break down her carbon footprint. Read more: P&G Just Wants You to Use Your Dishwasher Why So Many EV Chargers in America Don't Work A Wool Recycling Tradition Offers Lessons for Fast Fashion Canada's Wildfires Expose the Climate Change 'Spiral of Silence' A transcript of this episode Listen to related episodes of Zero: The climate case for flying cars - an interview with the man who will help cut Akshat’s carbon footprint. The writer behind Love Actually wants to green your retirement fund - why you should look into where you store your retirement Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Gilda Di Carli and Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green See omnystudio.com/listener for privacy information.

This week, a visit to the energy startup trying to replace coal with a very cheap battery. Form Energy has attracted nearly $900 million in investments and is building its first manufacturing facility in the US. Its big innovation relies on rust. Really. The materials scientists at Form have taken the same process that’s a symbol of time slowly passing and turned it into electricity. It’s one of the first big bets that batteries could help push the grid closer to running without fossil fuels altogether. You can read more about Form Energy and see what the battery looks like here. Read a transcript of this episode, here.Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special Thanks to Kira Bindrim and Blake Maples. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/greenSee omnystudio.com/listener for privacy information.

Methane is a potent greenhouse gas, with 80 times the warming potential of carbon dioxide over a 25-year period. However, it also degrades much more quickly than CO2, meaning cuts in emissions now can have a quick and significant effect on reducing global warming. On this bonus episode of Zero, producer Oscar Boyd talks with host Akshat Rathi about the methane problem and the ways to solve it. Read more: A Cheap Fix to Global Warming Is Finally Gaining Support The $75 Billion Climate Solution That’s a Bargain Turkmenistan in Talks With US to Tackle Giant Methane Leaks Scientists Say They’ve Detected a Huge Methane Leak in Kazakhstan A transcript of this episode Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to John Fraher, Meg Szabo and Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/greenSee omnystudio.com/listener for privacy information.

How do you turn climate change into compelling TV? What scenarios do you draw on? And how do you make sure a call for climate action isn’t lost to a feeling that a dystopian future is inevitable? When Extrapolations premiered in March, it became one of the first major TV shows to put climate change at the core of its narrative. Packed with A-list actors like Meryl Streep, Kit Harington and Sienna Miller, Extrapolations begins in a not too distant 2037. The world feels all too familiar, and with each episode the temperature becomes a little bit hotter, and the impacts of climate change a little bit worse. The planet is less hospitable, but humanity remains much the same. This week on Zero*, host Akshat Rathi interviews Extrapolations writer and executive producer Dorothy Fortenberry about the growing demand for climate stories, how reality is overtaking the premise of the show, and how choices made this decade will impact the next. (*this interview was recorded before the ongoing Hollywood strike action) Read more: Apple TV’s futuristic climate show is already coming true NRDC Rewrite the Future Zero’s interviews with Kim Stanley Robinson and Amy Westervelt Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to John Fraher, Meg Szabo and Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green See omnystudio.com/listener for privacy information.

True crime is one of the most popular genres in every form of storytelling. But can that pull be used to tell stories about the environment? This week, Akshat speaks with Amy Westervelt, a climate reporter for over twenty years, and the creator of the podcast Drilled - a true crime show about climate change. Westervelt launched it after being turned away by large production companies but found over a million listeners in the first season. This is the second of three episodes talking with climate storytellers on Zero. Listen to hear why and how Westervelt decided to use “true crime” as a way to talk about Big Oil, the history of climate denial, and how reporting on the climate crisis has changed for the better. Read More: Climate Activists Say Big Oil Is Taking Cycling Fans for a Ride Check out Drilled Check out the first episode in the series with Kim Stanley Robinson A transcript of this episode Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green See omnystudio.com/listener for privacy information.

To tackle climate change, we need good stories and we need good storytellers. Kim Stanley Robinson is a climate fiction author who has written more than 20 novels, including Ministry for the Future, which was published in 2020. It opens in 2025, with a heatwave that kills millions in India. It’s a grim scene, and what follows is the story of humans striving to cope with an increasingly inhospitable planet — there’s ecoterrorism, high-finance, wild chases over the Swiss Alps. What emerges in Ministry is the a ‘optopian’ roadmap, in which the world gets to grips with the climate crisis and begins to rectify the situation. In the first of three episodes talking with climate storytellers on Zero, we hear from Robinson about how he crafts a good story out of a desperate situation, what he thinks the limits of climate storytelling are, and how his thinking has changed since publishing Ministry for the Future. Read more: Kim Stanley Robinson’s columns for Bloomberg Green Zero: High hopes for biodiversity, but who will pay? A transcript of this episode Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim, Todd Woody and Abraiya Ruffin. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green See omnystudio.com/listener for privacy information.