Zero: The Climate Race

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.

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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.

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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.

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The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

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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.

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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. 

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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.

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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.

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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.

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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.