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In 2020, Silicon Valley investor Chamath Palihapitiya said he wanted to create a holding company for climate tech and asked for people to submit their frameworks for making it happen. Whoever was chosen as a finalist would help implement it. He got over 1,500 submissions, but he never ended up making that holding company. Why? Will this ever be possible? Bloomberg Green reporter Akshat Rathi talks to Chamath about the difficulty of learning to invest in climate tech, the future of his investing kingdom, and how much you can teach yourself about batteries.  In this episode, we talk about Warren Buffett, investing, and what makes a climate investment. If you want to hear why Buffett thinks an oil company can be a climate bet, check out our episode with Occidental Petroleum CEO Vicki Hollub:  Oil boss 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. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green. Special thanks to Bailey Lipschultz, Kira Bindrim, and Brian Eckhouse.
The wind industry is exploding, growing from just 2% of global electricity supply to 7% in a decade. But to achieve net zero by 2050, we're going to need a lot more wind turbines, both on land and out at sea. On this week’s episode of Zero, Orsted CEO Mads Nipper tells Akshat Rathi how the company transformed itself from a fossil fuel giant into the world's largest developer of offshore wind power, and the challenges the industry faces. It’s not just a story of clear corporate strategy chasing an opportunity, but also of heavy government intervention and many happy accidents.  Read energy reporter Will Mathis’ story on the pressures faced by the wind industry here, and what 2023 has in store for renewables, here. Want to know more about the Orsted story? Pre-order Akshat’s book, Climate Capitalism, 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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.
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. 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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.
What causes a restaurant critic to trade the gourmet for the green? Why does a Shell geophysicist leave their decade-long career working on oil and gas fields? What makes a war-crimes lawyer want to pursue a career in climate? And why would a travel executive become a solar installer? This week on Zero, listeners tell us why they quit their jobs to work in the climate space, and what advice they have for others who want to do the same. A special thank you to everyone who sent in their story. 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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.
Throughout history, no social movement has succeeded without utilizing property destruction as a tactic, and if the climate movement is to be effective it will have to do the same. So says Andreas Malm, author of How to Blow Up a Pipeline, on this week’s episode of Zero. But how do you delineate between justifiable sabotage and unacceptable violence? And is there a risk that escalation backfires as a strategy? Call for listener submissions: We’re putting together a special new year’s episode about people who have quit their jobs to pursue a new role in the climate space. If you’d like to share your story on the podcast, please send a voice memo with answers to the following questions to zeropod@bloomberg.net What job did you quit to fight climate change? And what’s your new role? What one moment made you quit? What were your expectations and what was the reality? What advice do you have for others? Please send your submission by Monday December 19. Thank you. 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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green
The task of cutting emissions is becoming more urgent by the day. Are democracies up to the challenge? Do we have time to let the usual course of consensus-building and debate play out, or should governments around the world prioritize climate action at any cost? In this week’s episode of Zero, Bloomberg Green’s Akshat Rathi puts these questions to Daniel J. Fiorino, director of the Center for Environmental Policy at American University and author of Can Democracy Handle Climate Change? Call for listener submissions: We’re putting together a special new year’s episode about people who have quit their jobs to pursue a new role in the climate space. If you’d like to share your story on the podcast, please send a voice memo with answers to the following questions to zeropod@bloomberg.net What job did you quit to fight climate change? And what’s your new role? What one moment made you quit? What were your expectations and what was the reality? What advice do you have for others? Please send your submission by Friday December 16. Thank you. 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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green
Carbon offsets are everywhere – a $2 billion dollar industry that’s set to grow even more as the US is even incorporating them in its effort to fulfill international climate pledges. Yet in the thirty years since they were created, they have not been proven to work. How did such a good idea go wrong and why is it so sticky? In this episode of Zero, Akshat talks to Mark Trexler of The Climatographers, who helped build the first carbon offset program in 1988, about what went wrong with offsets and if there’s any way to fix them.  Read more about the dodgy world of carbon offsets in Bloomberg’s three part investigation.  Call for listener submissions: We’re putting together a special new year’s episode about people who have quit their jobs to pursue a new role in the climate space. If you’d like to share your story on the podcast, please send a voice memo with answers to the following questions to zeropod@bloomberg.net What job did you quit to fight climate change? And what’s your new role? What one moment made you quit? What were your expectations and what was the reality? What advice do you have for others? Please send your submission by Friday December 16. Thank you. 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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit www.bloomberg.com/green.
What’s worse for the planet than Big Oil? The world’s food system, argues environmental journalist and campaigner George Monbiot in his new book Regenesis. He makes a passionate case for how current agricultural practices not only damage the environment, but prevent vast amounts of land from being rewilded and restored to its natural state. Monbiot speaks with Bloomberg Green reporter Akshat Rathi about his proposed solutions, which include an end to livestock farming entirely and using new technologies like precision fermentation to meet the world’s rising demand for protein. 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 Stacey Wong. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit www.bloomberg.com/green.
COP27 ended with a historic agreement on loss and damage, but other major challenges remain — including the gap that has long existed between energy needs in Africa and the funding that the continent receives. As the “Africa COP” comes to an end, Akshat speaks with two experts about the continent’s unique financing challenges: Rebekah Shirley, director of research, data and innovation at the World Resources Institute Africa, explains the “chicken and egg problem,” and IFC Managing Director Makthar Diop, who talks about the institution's strategy for reaching $60B in funding by 2025. We’re also joined by Bloomberg News editors Siobhan Wagner and Will Kennedy to discuss what happened on the sidelines of COP27.  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 Stacey Wong. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green
Lewis Pugh has swum across seas and in between melting sea ice, but the hardest part of his work is what comes after – contributing to negotiations to protect those same bodies from development. And he’s been successful: In 2016 he got the Russians to sign a pact to create a marine protected area in the Ross Sea – one of the few healthy seas left, and the size of Britain, France, Germany, Italy put together. A negotiation should be an exploration, not a battle, he tells Akshat Rathi. Pugh also talks about how he got his start, the swim that made him into an environmental advocate and what he wants to come out of COP27. Akshat speaks with Salma El Wardany, a Bloomberg News energy and commodities reporter based in Cairo, and Zero producer Oscar Boyd, about their experiences of COP27. 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 Stacey Wong. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green
Whether the so-called implementation COP will live up to its promise will be answered this week as negotiators begin to do the work of writing the final agreement. Bloomberg Green Reporter Akshat Rathi spoke with young climate activists about their engagement with this COP, the difficulty of activism in a repressive country and how they are making change in their own nations. We’re also joined by Bloomberg News reporters John Ainger and Jen Dlouhy to discuss the latest announcements from the conference regarding loss and damage. Read our story on the difficulties climate activists faced at COP27. 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 Stacey Wong. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green
As week one wraps up at COP27 in Sharm El Sheik in Egypt, Bloomberg Green Reporter Akshat Rathi talks with Patricia Espinosa, who until August 2022 was the executive secretary of the UNFCCC, the body charged with organizing the annual COP climate conferences. Espinosa tells Zero what goes on behind the scenes at COP to get the 200 participating member states to agree, and why the global platform is vital for making any progress on climate issues. We’re also joined by Yinka Ibukun, Bloomberg News West Africa Bureau Chief, to hear about whether the “African COP” is living up to its name.  Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim, Laura Millan and Stacey Wong. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green
We are rapidly approaching the end of week one at COP27 and all eyes are turning to the US, with President Biden to make a visit on Friday. Bloomberg Green Reporter Akshat Rathi sits down with White House Climate Advisor Ali Zaidi to talk about the Biden administration’s climate accomplishments in climate policy and how the US will make its impressive commitments reality. We’re also joined by John Fraher, the head of ESG and energy at Bloomberg News, to talk about how shifting domestic and international politics are playing out at COP27. You can watch Bloomberg Live’s COP27 coverage 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 Stacey Wong. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green
After a frenetic two days of discussions at COP27, with hundreds of leaders arriving in Egypt, the demands of vulnerable countries are clear: show us the money. On Zero’s second episode from Sharm el-Sheikh, we’re joined by Prime Minister Philip Davis of the Bahamas, to hear about the impacts of climate change on the low-lying archipelago nation, why he wants developed countries to pay for the protection of Bahamian oceans, and Caribbean nations’ demands for a levy on oil exports. We’re also joined by Bloomberg Green executive editor Aaron Rutkoff, who updates us with the latest from COP27.  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 Stacey Wong. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green
COP27 has begun, with 45,000 delegates expected to attend the two-week conference in Sharm El Sheikh, Egypt. One of the key discussion points is financing for “loss and damage,” the idea that developed countries with high historical emissions should pay for climate damages in developing countries. On Zero’s first episode recorded at COP27, we’re joined by Professor Saleemul Huq, Director of the International Centre for Climate Change and Development and a champion of climate vulnerable countries. With loss and damage being formally on the agenda of this year’s climate negotiations, Huq explains what’s at stake. We also hear from Bloomberg contributing editor Allegra Stratton, the UK’s spokesperson for COP26, on how COP27 can build upon the achievements of last year. 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 zeropod@bloomberg.net.  For more coverage of climate change and solutions, visit https://www.bloomberg.com/green
While the United States fancies itself a global climate leader, the country is coming off a decade of tumultuous policy: It signed the Paris Agreement in 2015, withdrew two years later, and didn’t rejoin until 2021. Now, as the country counts down to midterm elections and the start of COP27 climate talks in Egypt, Americans are taking stock of whether US President Joe Biden has lived up to his promises. Akshat Rathi talks to Leah Stokes, a political scientist who contributed to the Inflation Reduction Act, the biggest US climate bill. They also talk about how the IRA came together, her wish list for additional green policies, and how the IRA will affect US standing at COP27. 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 zeropod@bloomberg.net.  For more coverage of climate change and solutions, visit https://www.bloomberg.com/green
Weather data is invaluable. It influences the decisions of governments and companies around the world. It’s used to predict energy consumption, harvests, and even when countries might go to war. So what does it mean when vast portions of the world have insufficient weather data in an era of worsening climate change? This week on Zero, Bloomberg Green reporter Laura Millan tells the story of weather stations 61223 in Timbuktu, and what its sudden closure means for climate science across the African continent, and the upcoming negotiations at COP27. Read Laura’s full story on weather station 61223 and Africa’s lack of climate data 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 zeropod@bloomberg.net.  For more coverage of climate change and solutions, visit bloomberg.com/green
Finally made to reckon with the climate crisis, most oil companies are turning to clean-energy technologies. Not Occidental Petroleum. Akshat Rathi talks to Oxy CEO Vicki Hollub to find out why. Under Hollub’s leadership, Oxy became the first US oil company to set a science-based target to reach net zero. The road it has chosen to get there is an atypical one. Rather than reducing oil and gas production, Oxy wants to make net-zero oil by investing heavily in carbon-capture technology. Rathi asks Hollub how exactly Oxy will build out this technology, how it will pay for it, and why she believes her company’s oil is the way to tackle climate change. 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 zeropod@bloomberg.net.  For more coverage of climate change and solutions, visit https://www.bloomberg.com/green
Canada’s Prime Minister Justin Trudeau pitches the country as a leader on climate and says it is on track to reduce emissions 45% by 2030. The reality is different. Canada has the second highest per-capita CO2 emissions in the G-20, its oil industry is booming, and its emissions remain persistently high. On this week’s episode of Zero, Trudeau joins Zero host Akshat Rathi to discuss when Canada’s emissions will start to fall for real, and how it can achieve its climate pledges when its economy and politics remain so tied to oil and gas.  This conversation was recorded live at the National Arts Centre in Ottawa at an event hosted by the Canadian Climate Institute and the Net Zero Advisory Body. 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 zeropod@bloomberg.net.  For more coverage of climate change and solutions, visit https://www.bloomberg.com/green
Climate was the defining issue of this year’s elections in Australia, with independent and green candidates promising climate action sweeping into power. Now the country has a new climate law, enshrining a 43% cut in emissions by 2030. But does it live up to what the science demands? Joining Zero this week are two politicians that were instrumental to passing the bill: Adam Bandt, leader of the Australian Greens, and David Pocock, whose journey from Australia’s rugby captain to politics has made him a deciding vote in the country’s senate.  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 zeropod@bloomberg.net.  For more coverage of climate change and solutions, visit https://www.bloomberg.com/green
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