Broadcasting Live from the Bloomberg Green Festival in Seattle
Jul 10, 2024
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Sharon Chen from Bloomberg Green discusses the innovative solutions explored at the Green Festival. Laur Hesse Fisher demystifies climate change while Mark Gongloff criticizes Texas climate deniers post-hurricane Beryl. The podcast also delves into the challenges faced by a celebrity-backed climate startup and the urgent need for climate action leadership in businesses.
Focus on solutions for climate change instead of dwelling on doom and gloom.
Financial implications of climate change show both risks and opportunities for investors.
Deep dives
Importance of Solving Climate Change through Solutions
Solving climate change is crucial. The podcast emphasizes the need to shift focus towards solutions rather than dwelling on the doom and gloom of the crisis. Progress in technology and global cooperation are highlighted as key factors that can help mitigate climate change. The event discussed aims to inspire action by showcasing real and scalable solutions that exist currently.
Financial Risks and Opportunities of Climate Change
The podcast delves into the financial implications of climate change, highlighting both risks and opportunities for investors. It discusses the increasing physical risks to infrastructure and the unpredictable impacts on businesses due to climate change. Despite these risks, significant investments of $1.8 trillion in climate-related sectors are noted, indicating a growing interest in green energy and new technologies.
Inequality in Climate Impact and Solutions
The discussion emphasizes the unequal impact of climate change on different populations, based on geographical location, gender, and socio-economic status. Developing countries, particularly those least responsible for climate change, are highlighted as facing the most severe consequences. Women and girls are identified as disproportionately affected by climate change impacts and face barriers in contributing to climate solutions, known as the 'green ceiling.' Initiatives supporting women in climate work are discussed as a means to address these inequalities.
Challenges and Opportunities in Climate Solutions Industry
The episode explores the complexities of climate solutions, focusing on a celebrity-backed company's journey in the sustainability sector. While many companies are dedicated to sustainable missions, challenges arise during implementation, as demonstrated by Aspiration Partners facing US probes. The discussion indicates the growing interest in climate investment and the evolving dynamics of the climate conversation, highlighting the need for informed decision-making in the rapidly developing climate solutions industry.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Sharon Chen, Editor at Bloomberg Green, provides color of the Bloomberg Green Festival where innovators, policymakers, entrepreneurs, artists, activists, musicians and more, explore new solutions spanning the entire climate spectrum. Laur Hesse Fisher, Program Director at MIT Climate Engagement Program, discusses demystifying climate change. Bloomberg Opinion Editor Mark Gongloff explains how hurricane Beryl makes a mockery of Texas climate deniers. And we Drive to the Close with Nadia Lovell, Senior US Equity Strategist at UBS Global Wealth Management. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.