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. 
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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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green. See omnystudio.com/listener for privacy information.

This bank is turning Africa into a climate investment opportunity

Zero is about the tactics and technologies taking us to a world of zero emissions. Each week Bloomberg’s award-winning reporter Akshat Rathi talks to the people tackling climate change – a venture capitalist hunting for the best cleantech investment, scientists starting companies, politicians who have successfully created climate laws, and CEOs who have completely transformed their businesses. The road to zero emissions has many paths and everyone’s got an opinion about the best route. Listen in.

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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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green. See omnystudio.com/listener for privacy information.

Why the UK’s Conservatives have given up on climate

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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green. See omnystudio.com/listener for privacy information.

Europe’s answer to the green backlash

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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green. See omnystudio.com/listener for privacy information.

The slow and painful recovery of the wind industry

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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green. See omnystudio.com/listener for privacy information.

This bank is turning Africa into a climate investment opportunity

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