Switched On

Over the past four months more than $30 billion has been raised by some of the world's largest asset managers for energy transition-focused funds. The capital raised will be invested in things like wind, solar, and energy storage projects, and equity in the companies developing and supplying these projects. Switched On speaks with BloombergNEF Chief Content Officer and Bloomberg Opinion columnist Nat Bullard about this fundraising activity, why now, who's involved, and whether this is just the start of things to come.

This episode is based on Bullard's latest Sparklines column, More Money Than Ever Is Flowing Into Climate Tech, which can be found on the Bloomberg terminal under NI BULLARD, and on bloomberg.com.

Switched On is hosted this week by Mark Taylor.

See omnystudio.com/listener for privacy information.

Power company AES has been an energy company in transition for well over a decade, and continues to develop and own renewable and other power assets globally. Today, Switched On's Dana Perkins speaks with AES CEO, Andres Gluski. He shares his views on the many aspects of the energy business -- from generation to storage to nuclear -- as well as what AES is doing to reduce its own carbon footprint as it drives toward its net zero goal.

BNEF users can hear this interview and more, on BNEF on the Bloomberg Terminal, bnef.com or BNEF Mobile.

Switched On is hosted this week by Dana Perkins.

See omnystudio.com/listener for privacy information.

China will be a huge market for electric vehicles. In BloombergNEF's latest Electric Vehicle Outlook, published last month, we project that EVs will be 25% of China's passenger vehicle sales in 2025, 48% in 2030, and 77% in 2040. This week, Switched On speaks with BloombergNEF electric vehicle analyst Siyi Mi about the policies China has in place to accelerate this growth, and how pure-play EV manufacturers - including Tesla - are benefiting.

This episode is based on a report titled China’s New Energy Vehicle Credit System – 2021. BNEF clients can access this at BNEF on the Bloomberg Terminal, on bnef.com or BNEF Mobile.

Switched On is hosted this week by Mark Taylor.

See omnystudio.com/listener for privacy information.

U.S. benchmark oil prices are up almost 50% this year, as global demand continues its pandemic recovery. In the States, rising demand and rising prices have led to production increases - but only modest increases so far. This week, Switched On speaks with Tai Liu and Anna Dialynas, U.S. oil analysts for BloombergNEF. They will tell us us about how most U.S. oil producers are choosing fiscal discipline over major production increases, and opting for debt reductions and shareholder paybacks over drilling new wells.

This episode is based on a report titled U.S. Shale Oil Quarterly Outlook: 3Q 2021. BNEF clients can access this at BNEF on the Bloomberg Terminal, on bnef.com or BNEF Mobile.

See omnystudio.com/listener for privacy information.

Oil major BP has ambitions to cut its greenhouse gas emissions from its own operations, its oil & gas production, and the products it sells to net-zero by 2050. Also during that time the company plans to ramp up investment in non-oil and gas activities, like renewables, hydrogen, and carbon capture, utilization and storage (CCUS). Today, Switched On's Dana Perkins speaks with Giulia Chierchia, executive vice president of strategy and sustainability at BP about the energy transition from an energy company perspective.

BNEF users can hear this interview and more, on BNEF on the Bloomberg Terminal, bnef.com or BNEF Mobile.

Switched On is hosted this week by Dana Perkins.

See omnystudio.com/listener for privacy information.

The aluminum industry can achieve net-zero carbon emissions, and there are multiple routes to get there, starting from recycling and going all the way to carbon capture and storage (CCS) and offsets. Producers will need a combination of technologies to decarbonize fully. This week, Switched On speaks with BloombergNEF analysts Sharon Mustri and Julia Attwood about the costs of decarbonizing aluminum, and the implications for policymakers and aluminum producers.

This episode is based on a report titled Decarbonizing Aluminum: Technologies and Costs. BNEF clients can access this at BNEF on the Bloomberg Terminal, on bnef.com or BNEF Mobile.

Switched On is hosted this week by Dana Perkins.

See omnystudio.com/listener for privacy information.

For more than a decade, BloombergNEF has been forecasting the price of carbon credits under the European Emissions Trading Scheme (EU ETS), and in the latest edition, the forecast breaches the 100-euro barrier for the first time ever. This week, Switched On speaks with Jahn Olsen, lead carbon analyst for BNEF about the factors contributing to this price forecast, and what it means for carbon emissions and the players involved.

This episode is based on the 1H 2021 EU ETS Market Outlook. BNEF clients can access this at BNEF on the Bloomberg Terminal, on bnef.com or BNEF Mobile.

Switched On is hosted this week by Dana Perkins and Mark Taylor.

See omnystudio.com/listener for privacy information.

Electric vehicles are creating a lot of buzz, but are they profitable for the manufacturers? This week, Switched On speaks with Opel Automotive CEO Michael Lohscheller about his strategy for the transition to EVs. He discusses what the automotive industry must do to drive up profit from electrified cars, which includes taking a closer look at supply chains and battery manufacturing.

Nikolas Soulopoulos, advanced transport analyst at BloombergNEF (BNEF), interviewed Lohscheller as a part of the BNEF Munich Summit on May 21. For more information regarding BNEF's Summits, go to about.bnef.com/summit.

BNEF users can see this interview and more, including all the BNEF Analyst Talks at BNEF on the Bloomberg Terminal, on bnef.com, or BNEF Mobile.

Switched On is hosted this week by Dana Perkins.

See omnystudio.com/listener for privacy information.

Elon Musk put out a $100 million prize earlier this year for innovation in 'carbon negative solutions', or pulling carbon dioxide (CO2) out of the air. But BloombergNEF carbon capture analyst David Madrid says Musk is missing the point -- what is needed for direct air capture is scale, not new technologies., This week, Switched On speaks with David about direct air capture, how it works, and the pilot projects aimed at bringing the technology down the cost curve.

This episode is based on a report titled Material Tech Highlight: Direct Air Capture. BNEF clients can access this at BNEF on the Bloomberg Terminal, or on bnef.com or BNEF Mobile.

Switched On is hosted this week by Mark Taylor.

See omnystudio.com/listener for privacy information.

Why does the threat of climate change give some nightmares while others simply ignore it? Where do perceptions lie and how do they differ by country, age, education level, or political affiliation? This week, Switched On speaks with BloombergNEF consumer research analyst, Hugh Bromley, about several recent surveys that ask how people perceive climate change and whether they see it as a top risk.

This episode is based on a report titled What Divides and Unites on Climate Action and Awareness. BNEF clients can access this at BNEF on the Bloomberg Terminal, or on bnef.com or BNEF Mobile.

Switched On is hosted this week by Dana Perkins and Mark Taylor.

See omnystudio.com/listener for privacy information.