Zero: The Climate Race

Bloomberg

Zero is about the tactics and technologies taking us to a world of zero emissions. Each week Bloomberg’s award-winning reporter Akshat Rathi talks to the people tackling climate change – a venture capitalist hunting for the best cleantech investment, scientists starting companies, politicians who have successfully created climate laws, and CEOs who have completely transformed their businesses. The road to zero emissions has many paths and everyone’s got an opinion about the best route. Listen in.

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245 episodes
Updated Thursday

Episodes245

Newest first

Jun 1, 2023 · 35 min
How to stop your retirement money funding climate change
How often do you think about how much your pension or 401(k) is contributing to climate change? Chances are not much, but a growing movement wants you to do just that. Richard Curtis is the writer behind Love Actually, Mr. Bean, Blackadder and Four Weddings and a Funeral. His latest project is not a movie, but a campaign group called Make My Money Matter, which wants to make British retirement plans and banks greener by raising awareness about the trillions of dollars in pensions that are invested in fossil fuel companies. This week on Zero, Akshat Rathi asks Richard about how he went from writing for the screen to making your retirement money green, what can be done to stop greenwashing in the financial sector, and whether he'll ever write a climate romcom. Read more: Make My Money Matter’s film with Rose Leslie and Kit Harrington Natasha White’s article on Gabon’s carbon credits 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 Alastair Marsh, Natasha White and Kira Bindrim. 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.
May 25, 2023 · 29 min
The biggest opportunity in the history of the world
Dipender Saluja is the Managing Director of Capricorn Investment Group, a venture capital firm with $9B under management. He was an early investor in Tesla. Today Dipender leads Capricorn’s clean tech investments effort and is betting on nuclear fusion, next gen batteries and electric aviation as the next moneymakers in decarbonizing the economy. Dipender has worked in Silicon Valley for 35 years. This week, Akshat talks with him about why he got interested in venture capital, climate tech, and how his start in the semiconductor industry informs his investment strategy. Listen to the interview with Rebecca Shirley of World Resources Institute and Makthar Diop of International Finance Corporation to learn more about clean energy financing in developing nations here. Read more: Leslie Kaufman’s story about TerraCycle here. A transcript of the episode Zero is a production of Bloomberg Green. Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim, Venkat Viswanathan, and Dashiell Bennett. 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.
May 18, 2023 · 9 min
Does it matter if the world breaches 1.5C for a single year?
This week a new report was released by the World Meteorological Organization (WMO) that says we are likely to exceed 1.5C of warming for a single year at some point in the next five years. It’s a big deal for many reasons, especially because limiting global warming to within 1.5C of pre-industrial temperatures is a key goal of the Paris Agreement. In this bonus episode of Zero, Akshat Rathi and Oscar Boyd talk about what the WMO report says and why it matters. Read more about the WMO report: Breaching 1.5C threshold temporarily in next five years ‘more likely than not’ Climate pledges reach threshold to keep warming below 2C 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 Zahra Hirji, Olivia Rudgard and Kira Bindrim. 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.
May 18, 2023 · 34 min
Redesigning cities for a future of extreme heat
At their best, cities can be a climate solution: densely packed places with good public transport, effective health care, and plenty for everyone to do. Combined with clean energy, they become carbon-efficient centers. But cities can also be a climate disaster: Low levels of vegetation, big concrete buildings, high traffic and poor airflow create the perfect conditions for extreme heat waves. As cities grow and an ever greater percentage of the population become urban dwellers, the impacts of these heat events will be felt by more and more people. This week on Zero, Akshat Rathi talks with Global Chief Heat Officer Eleni Myrivili, about how cities can be made more resilient to heat, and why aircon is not a solution we can rely on. Read more: A profile of Eugenia Kargbo, Chief Heat Officer in Sierra Leone. Olivia Rudgard’s article on Happisburgh’s disappearing coastline. A full 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 Kira Bindrim and Laura Millan. 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.
May 11, 2023 · 29 min
Biden’s climate bill is changing climate tech, and our daily lives
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 Bloomberg podcast The Big Take that looks at where all the money in U.S. President Biden's signature climate bill has gone. Bloomberg climate reporter Eric Roston and senior reporter Akshat Rathi talk with Big Take host Wes Kosova about how climate tech is no longer a corner of the economy–it’s fast becoming the economy. And reporter Zahra Hirji joins to talk about some of the ways the IRA’s spending is starting to show up in our everyday lives. Read the story by Akshat Rathi and Eric Roston here. Find more from The Big Take, here. And help out Zero by taking our listener survey, here. 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. Special thanks to Kira Bindrim and The Big Take team. 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.
May 4, 2023 · 31 min
How the Bezos Earth Fund spends its billions
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 and attract a lot more money from governments and corporations. This week on Zero, Akshat Rathi asks Bezos Earth Fund CEO Andrew Steer how the fund spends its billions, what counts as success, and how competition between billionaires is shaping climate philanthropy. 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. Special thanks to Kira Bindrim, as well as Robin Pomeroy at the World Economic Forum for arranging studio space. 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.
Apr 27, 2023 · 34 min
High hopes for biodiversity, but who will pay?
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 global biodiversity framework, with 23 targets including a goal of protecting 30% of all land, waters and oceans by 2030. The details on how that target will be implemented, however, are vague, and vast amounts of money will be needed to fund nature protection in biodiversity-rich, economically poor countries. Akshat Rathi speaks with Rebecca Shaw, chief scientist at the World Wildlife Fund; Monica Medina, the US assistant secretary of state for oceans and international environmental and scientific affairs; and Bloomberg Green’s Eric Roston, about what it means to protect biodiversity, and who will fund it. 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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green See omnystudio.com/listener for privacy information.
Apr 20, 2023 · 31 min
Best of: Inside the stealth startup making zero-emission steel
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 coffee. Akshat dives into the science and story of Electra with CEO Sandeep Nijhawan. This episode first ran in October 2022. This week, Electra was awarded BloombergNEF's Pioneers award for its research into low-carbon steel. Read more about the award and see all 12 winners of the 2023 Pioneers Award here. Read the full feature about Electra here. Read a transcript of this episode, here. Zero is a production of Bloomberg Green. Our senior producer is Christine Driscoll and our producer is Oscar Boyd. 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.
Apr 13, 2023 · 32 min
The climate case for flying cars
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 will take to develop such a light and powerful battery, and why aviation is the most important problem for batteries to solve. 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. Special thanks to Blake Maples, Stacey Wong, Sharon Chen, and Kira Bindrim. 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.
Apr 5, 2023 · 24 min
A kingdom built on oil now controls the world’s climate progress
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 Aaron Rutkoff talks to Senior Reporter Akshat Rathi about his new in-depth profile of Al Jaber exploring a world of contradictions. You can read the full article “The Oil Sheikh’s Climate Fixer”. 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. Special thanks this week to Gilda Di Carli, Stacey Wong, and Kira Bindrim. 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.
Mar 30, 2023 · 25 min
How to build a battery that replaces a coal plant
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 the first big bets that batteries could help push the grid closer to running without fossil fuels altogether. You can read more about Form Energy and see what the battery looks like here. 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. Special Thanks to Kira Bindrim and Blake Maples. 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.
Mar 23, 2023 · 36 min
How the ‘rich man’s energy club’ became a climate champion
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 possible to get there sooner, and why India’s solar revolution is keeping him optimistic. Want to know more about the IEA story? Pre-order Akshat’s book, Climate Capitalism, here. 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. Special thanks this week to Eric Roston, Kira Bindrim and Will Mathis. 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.
Mar 21, 2023 · 10 min
Why the new IPCC report is so important
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 episode, Akshat Rathi and Oscar Boyd talk about what the latest IPCC report says, and why it matters so much. Read more about the latest IPCC report, about how one sentence in an IPCC report changed the climate game and about how IPCC reports become a showdown between science and global politics. 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. Special thanks this week to Eric Roston and Kira Bindrim. 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.
Mar 16, 2023 · 30 min
What the Silicon Valley Bank collapse means for climate tech
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 poised to take its place. Read more about the collapse and its impact on climate tech, here. 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. Special thanks this week to Venkat Viswanathan, Brian Eckhouse, Mark Bergen, Coco Liu, Olivia Rudgard, Josh Saul, David Baker, Sommer Saadi, and Kira Bindrim. 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.
Mar 9, 2023 · 28 min
What it takes to become a climate tech CEO, with Katie Rae
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 and the stakes are high, so some investors prefer a seasoned entrepreneur to a scientist. Bloomberg Green reporter Akshat Rathi talks to Katie Rae, who has a different philosophy. Katie is the head of The Engine, a venture firm affiliated with MIT that invests in early stage climate tech companies, often helmed by scientists. How does she make the case to investors and what does she teach the scientist wanting to be a CEO? 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. Special thanks to Kira Bindrim. 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.
Mar 2, 2023 · 41 min
Building a future where humanity will thrive, with Achim Steiner
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 Nations Development Programme. However, the solutions to the climate problem also offer the potential to build a more inclusive and fair future that allows humanity to thrive. Bloomberg Green reporter Akshat Rathi asks Steiner about the opportunities and threats climate change poses to global development, how countries can plan for more climate refugees, and what rising inequality means for a world facing multiple crises. Read Oxfam’s report on inequality and climate change, here. 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. Special thanks to Kira Bindrim, Sommer Saadi and Stacey Wong, as well as Robin Pomeroy at the World Economic Forum for arranging studio space. 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.
Feb 23, 2023 · 31 min
How Europe ditched Russian fossil fuels with spectacular speed
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 it has ditched Russian fossil fuels and strangled the source of funding for Russia’s war machine. In this episode, Zero’s producer Oscar Boyd asks Bloomberg News reporters Will Mathis and Akshat Rathi how Europe managed this feat, and what that means for the continent’s climate goals. Read Akshat and Will’s full article, complete with charts and graphs that show the speed of the transition. This is what a LNG tanker looks like. 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. Special thanks to Todd Gillespie, John Ainger and Kira Bindrim. 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.
Feb 16, 2023 · 26 min
The new climate race between EU and US, with Jennifer Morgan
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 Jennifer at the World Economic Forum in Davos to ask her whether the EU needs to compete more aggressively with the US on climate tech, how Germany is justifying the expansion of its coal mines, and why reforming the World Bank is vital for helping developing countries deal with climate impacts. 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. Special thanks to Laura Millan, John Ainger, Petra Sorge, Olivia Rudgard and Kira Bindrim. 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.
Feb 9, 2023 · 24 min
Everybody wants a better battery, Christine Ho is printing one
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 and even vaccines. Akshat speaks with founder and inventor Christine Ho about how she bootstrapped the company, raised $25M, and why these small batteries made of a glue-like goo can cut down waste and reduce emissions. What do Imprint's batteries look like? Check them out here. 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. Special thanks to Venkat Viswanathan and Kira Bindrim. 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.
Feb 2, 2023 · 34 min
Can Sweden’s 27-year-old climate minister match up to the far right? with Romina Pourmokhtari
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 asks Romina whether Sweden will still meet its climate commitments, how her first 100 days in office have been, and what she hopes to achieve on climate now that Sweden is chairing the European council. 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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green. Special thanks to Niclas Rolander, Lars Paulsson and Kira Bindrim. See omnystudio.com/listener for privacy information.