The selfish case for supporting foreign aid

Hundreds of millions of people around the world have no access to reliable electricity, a problem that doesn’t seem to be going away. Since US President Donald Trump started his second term, Western countries have cut development funding, including for climate projects. This week on Zero, Bloomberg’s Akshat Rathi asks Philippe Valahu, chief executive officer of Private Infrastructure Development Group, why it is still so hard to secure climate finance for developing countries. Explore further: Zero: How the Financial System Can Work for Climate - Bloomberg Zero: Ethiopia's Extraordinary Electric Car Boom - Bloomberg Bloomberg Green’s extreme heat series Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Summer Maxwell, Sommer Saadi, Alyssa McDonald and Laura Millan. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green. See omnystudio.com/listener for privacy information.