Zero: The Climate Race

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.

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.

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.

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.

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.

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.

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.

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 to Chamath about the difficulty of learning to invest in climate tech, the future of his investing kingdom, and how much you can teach yourself about batteries.  In this episode, we talk about Warren Buffett, investing, and what makes a climate investment. If you want to hear why Buffett thinks an oil company can be a climate bet, check out our episode with Occidental Petroleum CEO Vicki Hollub:  Oil boss Vicki Hollub is selling 'net-zero oil'. Do you buy 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. Special thanks to Bailey Lipschultz, Kira Bindrim, and Brian Eckhouse.See omnystudio.com/listener for privacy information.

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, and the challenges the industry faces. It’s not just a story of clear corporate strategy chasing an opportunity, but also of heavy government intervention and many happy accidents.  Read energy reporter Will Mathis’ story on the pressures faced by the wind industry here, and what 2023 has in store for renewables, here. Want to know more about Orsted's story? Pre-order Akshat’s book, Climate Capitalism, 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.

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 out for the week of Davos to deliver the urgent message about climate risks and the immense dangers it poses to the world economy. Read more about the state of snow in Davos and why the business elite are starting to care. 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.