Zero: The Climate Race

This week, Canadians elected Mark Carney, leader of the Liberal party, to be their prime minister. Carney is a newcomer to politics, but is well known in international finance and climate circles, running both the Bank of Canada and the Bank of England, and founding the Glasgow Financial Alliance for Net Zero (GFANZ). Canada is far from reaching its legally mandated goal to achieve net zero by 205...

Three years ago, Australia was on the verge of an election dominated by a wave of independent MPs who promised a climate change reckoning. But climate talk seems to have taken a backseat in the current campaign ahead of the May 3 national poll. For the Bloomberg Australia Podcast, host Rebecca Jones and Bloomberg’s David Stringer break down the energy policies being pushed by the major parti...

Global investment in clean energy hit a record $2 trillion last year, according to BloombergNEF. But developing countries see only a sliver of that funding. Private investors are wary of unfamiliar markets, currency risks and perceived instability. So how do we change that? Avinash Persaud, special adviser on climate risks to the president of the Inter-American Development Bank, joins Zero to expl...

Developing countries require trillions of dollars a year to transition to clean energy and build climate-resilient infrastructure. So where will the money come from? Avinash Persaud, special advisor on climate risks to the president of the Inter-American Development Bank, joins Zero to make the case for giving more money to Multilateral Development Banks (MDBs), which already funnel hundreds of bi...

Even with all the turmoil of the past few months, the energy transition isn’t taking a break. Last year, global spending on clean-energy technologies was more than $2 trillion, according to BloombergNEF. Yet only a small fraction of that money makes its way to developing countries. This week on Zero, Avinash Persaud, climate advisor to the president of Inter-American Development Bank, joins...

There is a lot happening in the world of EVs. In the US, Teslas are being hawked from the White House lawn, while in China, BYD has announced a battery that can be charged to go 400km in just 5 minutes. All the while a rearrangement of global trade and tariffs is sending shockwaves through the system. This week on Zero , Bloomberg’s global automotive editor Craig Trudell unpacks the latest t...

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 th...

Water scarcity is no longer a distant threat: By 2030, fresh water demand is expected to outpace supply by 40%. The effects of water stress will be felt in industries from agriculture to e-commerce, putting up to $70 trillion of global GDP at risk, according to the World Resources Institute. Bloomberg Intelligence researcher Melanie Rua is the co-author of a new report on water scarcity. She joins...

In the time since she became Prime Minister of Barbados in 2018, Mia Mottley has become known as a moral force for action on climate change. The Bridgetown Initiative, which she launched at COP26 in 2021, transformed the conversation around climate finance – pushing rich nations to do more to support developing countries struggling with the impact of climate change. But as the US retreats fr...

Since taking office in January, President Trump has set in motion a series of sweeping rollbacks on US climate policy. This comes at a time when governments around the world have lagged behind their stated environmental goals. In this episode of the Big Take, host Sarah Holder is joined by Akshat Rathi, host of the Zero podcast, to talk through the Trump administration’s key climate actions,...

As President Donald Trump heats up a North American trade war, Canada is already facing big challenges within its own government. Next week, the governing Liberal party will announce Prime Minister Justin Trudeau's successor. And later this year, the country will hold a general election. Rick Smith, president of the Canadian Climate Institute, joins Zero to discuss what shape the country's climate...

The world of ESG regulation and investing was already suffering a period of shaky confidence even before President Donald Trump returned to the White House. Now, companies are facing a new period of uncertainty when it comes to Environmental, Social, and Governance policies. Reporter Frances Schwartzkopff tells Akshat Rathi why the EU is rolling back some ESG legislation. And reporter Saijel Kisha...

Last October, delegates from around the world met in Cali, Colombia to discuss ways to protect the planet’s biodiversity. After a promising breakthrough in Montreal, Canada three years ago, there were high hopes for that summit. But COP16 closed in shambles, with negotiators leaving before a final agreement could be achieved on key issues. Now, the summit is resuming next week in Rome. Will...

How do we keep climate action alive in a fracturing world? “Today we live in an age where we actually have the solutions– technologically, economically, financially speaking– but what we are not doing is acting on them,” Achim Steiner, head of the United Nations Development Program tells Akshat Rathi. In a conversation recorded at COP29, Steiner talked about how some countr...

The UK government has pledged to achieve 95% clean power by 2030. It's an ambitious, tough goal – and even tougher to accomplish while reducing energy prices. Chris Stark, head of the nation’s Mission Control for Clean Power, says he’s “confident” the UK can deliver. But at the same time, the Labour government’s leaders are sending mixed signals on climate: They...

With President Donald Trump back in office, the US is leaving the Paris Agreement for the second time. Unlike in 2017, this withdrawal is set to have more lasting consequences, Akshat Rathi tells producer Mythili Rao. Meanwhile, even as the US gives up its climate leadership, China’s focus on clean energy is growing. A new report from BloombergNEF finds that global investment in the energy t...

Plans are already underway for COP30 to pick up the baton and tackle COP29's unfinished business. The 2025 climate conference is set to take place in Belem, Brazil, a gateway to the Amazon rainforest. And last week, André Corrêa do Lago was named COP30 president. Corrêa do Lago currently serves as Brazil’s Secretary for Climate, Energy and the Environment, and he spoke wit...

As Donald Trump returns to the White House, Akshat Rathi speaks to Yale historian Paul Sabin about whether recent presidential history might hold some lessons on what to expect from the Trump administration’s approach to energy and environmental policy this term. Looking back at the Carter and Reagan years, Sabin explores how present-day Trump priorities– from dismantling government ag...

As the blazes in Los Angeles continue to burn, those who have lost their homes are contending with the immediate need for shelter– and difficult questions about whether or not to rebuild in the fire zone. Grist reporter Jake Bittle tells Akshat Rathi how California’s housing market and insurance regulations will shape the recovery. And  Nomad Century author Gaia Vince says that in...

In the US right now, there is a lot of talk about a so-called "nuclear revival," though it remains to be seen whether that translates into action. Meanwhile, China has built 37 nuclear reactors in the last decade, with even more in the works. So what does it take to build nuclear at scale? On this episode of the Odd Lots podcast, Bloomberg's Joe Weisenthal and Tracy Alloway speak to David Fishman,...

In December, Europe’s Copernicus weather service announced that it was “virtually certain” that 2024 would be the hottest year ever. What’s more, the global average temperature last year appears to have surpassed 1.5C for the first time, blowing past a threshold that’s taken on enormous significance in the fight against climate change. Does that mean governments, corp...

Science fiction writer Kim Stanley Robinson imagines the future for a living. And the future is very much upon us. Robinson’s seminal 2020 novel  Ministry for the Future opens in the year 2025. Robinson tells Akshat Rathi about how our real-life climate politics stack up against what he imagined for this era. They also discuss the dangers of science-fiction thinking in politics and why,...

The “cold chain” that delivers our food is inconspicuous but vast. The US alone boasts around 5.5 billion cubic feet of refrigerated space; that’s 150 Empire State Buildings’ worth of freezers. Now, the developing world is catching up. On Zero , Nicola Twilley, author of Frostbite: How Refrigeration Changed Our Food, Our Planet, and Ourselves , discusses how refrigeration b...

Capitalism can be blamed for worsening the climate crisis, says journalist Akshat Rathi, but it can also be used to drive the solutions to fix it. In this episode of TED Talks Daily, recorded at the Bloomberg Green Festival in Seattle, Rathi discusses his book Climate Capitalism, and how the strategic use of market forces and government policies can make sustainability profitable. See omnystudio.c...

Reporter Akshat Rathi speaks to Eric Toone of Breakthrough Energy Ventures about what’s hype and what’s not in the world of energy startups. Breakthrough is one of the world’s biggest funders of early stage climate technologies and has poured billions of dollars in more than 120 startups. Toone weighs in on everything from carbon removal to  the grid, nuclear fusion, nuclear...