Zero: The Climate Race

It’s been eight months since President Biden signed the Inflation Reduction Act. Already the hundreds of billions of dollars it contains for clean energy and slowing climate change —alongside private venture capital investments — are funding a wide array of climate technology projects, from decarbonizing infrastructure to rust-based battery storage. This week we are sharing an episode of the Bloom...

Amazon made Jeff Bezos very rich. In 2020, he decided to pledge a portion of that wealth — $10 billion — to launch the Bezos Earth Fund. It is the largest commitment to climate philanthropy ever made and, by most measures, a vast amount of money. But it is also a small fraction of the $3.5 trillion that is needed annually to hit net zero by 2050. To make an impact, it has to be spent strategically...

The world is in the middle of the sixth mass extinction and this time it's being driven by human activity. Slowing it down will provide benefits for tackling climate change, and solutions to reign in global warming will help stem biodiversity loss. But this win-win scenario isn't straightforward to put into action. In December, world leaders gathered at COP15 in Montreal and agreed upon a new glob...

Steel is the backbone of modern society, and it’s also responsible for 7% of global greenhouse-gas emissions. Last summer, Bloomberg Green reporter Akshat Rathi visited a US startup that says they can clean it all up. Operating in a suburban office park in Colorado, Electra claims to have developed a way to get through the most energy-intensive part of steelmaking at temperatures lower than fresh...

Electric aviation fulfills two futuristic promises – flying cars and emissions-free air travel. This week, meet the professor who is working to make it happen. Venkat Viswanathan, a professor at Carnegie Mellon University, is working to create a battery that can power an aircraft on a trip over 200 miles. Venkat talks to Akshat about the network of people involved in electric aviation, how long it...

When Sultan Al Jaber was made president of COP28, the year’s biggest climate summit, there was outrage. How can the head of a giant oil company Abu Dhabi National Oil Co. – think Exxon and BP combined – convince the world to cut emissions faster? But Al Jaber isn’t an oil boss cut from the same mold. He spent a decade as a renewables executive.  This week on Zero, Bloomberg Green Executive Editor...

This week, a visit to the energy startup trying to replace coal with a very cheap battery. Form Energy has attracted nearly $900 million in investments and is building its first manufacturing facility in the US. Its big innovation relies on rust. Really. The materials scientists at Form have taken the same process that’s a symbol of time slowly passing and turned it into electricity. It’s one of t...

How do you rebuild an international organization for the climate era? That’s what the Paris-based International Energy Agency has done over the past decade. Founded in 1974 to secure oil supplies for its members, the IEA has become a leading voice on the need to cut emissions. This week on Zero, Akshat Rathi asks Fatih Birol, executive director of the IEA, when global emissions will peak, if it’s...

The Intergovernmental Panel on Climate Change’s latest report is out and it makes for sober reading. Published roughly every seven years, IPCC reports are the most established body of knowledge on climate change and unique in that their summary gets a signoff from every country on the planet. The report’s findings feature in everything from government policy to investment decisions. In this bonus...

What happens when a "climate bank" goes under? This week, Bloomberg Green reporter Akshat Rathi interviews the CEO of an AI battery startup that had just received $3 million in funding about the stresses of recovering money from Silicon Valley Bank as it collapsed. Then, Bloomberg reporter Mark Bergen explains what made SVB so important to climate tech funding and which institutions might be poise...

If you’ve got the technology that can change the world, are you the best person to implement it? Investors pay careful attention to the CEO of any company, but in climate tech, they deserve special scrutiny – much of the science has never been brought to scale and they are competing against the status quo, massive trillion-dollar industries. It takes business acumen to launch a profitable business...

Since the Human Development Index was established in 1990, it has trended gradually upward, as people’s health, wealth and opportunities have improved. But in 2019, it went into a decline then made worse by the COVID-19 pandemic and the fallout from the war in Ukraine. The impacts of these events on reversing human progress could be dwarfed by climate change, says Achim Steiner, head of the United...

When Russia attacked Ukraine last year, it expected to win in a three-day blitz. Instead, it’s become a protracted war with impacts felt far and wide — disrupting food systems, supply chains, geopolitics and the global economy. Europe’s most remarkable response to the war isn’t to do with sending in tanks or billions of dollars in aid to Ukraine. Instead, it’s been the surprising speed with which...

As Germany’s climate envoy, Jennifer Morgan stands alongside John Kerry and Xie Zhenhua of China as one of the world’s top climate negotiators. But she is no typical bureaucrat. Jennifer considers herself an “activist diplomat,” and before taking up the position of envoy, she headed up Greenpeace, known for its political activism and climate stunts. Bloomberg Green’s Akshat Rathi sat down with Jen...

This summer, Bloomberg Green reporter Akshat Rathi visited Imprint Energy, a Silicon Valley startup that prints batteries. Using the same tools as screenprinters, Imprint Energy prints thousands of batteries to power shipping labels that can report the movement, temperature, and even humidity that packages are exposed to. Imprint’s batteries are being tested by companies that ship food, crop seeds...

Sweden is known for its climate ambition, and was the first country to set a goal to reach net zero by 2045. Yet a new government aligned with the far-right Sweden Democrats has thrown that commitment into question. Enter Romina Pourmokhtari who, at 26 years old, became the country's youngest-ever cabinet member when she was chosen as climate minister in October. This week on Zero, Akshat Rathi as...

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...

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...

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...

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 h...

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...

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 Env...

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 Climatograph...

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...

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...