Zero: The Climate Race

In the next three years, 1TW of solar power will be added to the global grid and competition is driving solar prices even lower. And after years of innovation in China, Japan, and Germany, the U.S. is finally getting in the game in a major way through its IRA which offers incentives to manufacture cleantech in the U.S. In early 2023, the South Korean company QCells announced it would build a domestic supply chain in the U.S. to gain access to enormous tax credits. But in a global marketplace, is this worth doing? Despite solar's potential, manufacturing its parts has never been a reliable business. This week Akshat talks to Jenny Chase of BloombergNEF and an expert on the solar industry about its boom/bust cycle, why solar's growth means electricity may soon be free during the day, and what QCells is up against. We also hear from Lindsay Cherry of QCells about how the company will achieve its ambitious goal to build a solar supply chain from scratch.Akshat will be traveling to Singapore, Sydney, Melbourne and Delhi over the next few weeks. Fancy meeting for a drink? Sign up here.  Read More:  Preorder Akshat’s book Preorder Jenny's book Biden Push to Spur Solar Production Gets $2.5 Billion Boost  Zero: How Europe ditched Russian fossil fuels with spectacular speed How solar is making free electricity during the day 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 Kira Bindrim, Brian Eckhouse, Nayeli Jaramillo-Plata, and Abraiya Ruffin. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit bloomberg.com/green   See omnystudio.com/listener for privacy information.

Where’s all the oil money going? What’s happening with cycling in France? And how far behind China is the US on solar? There are many climate numbers out there that we don’t get to talk about on Zero but that deserve attention. In this bonus episode, host Akshat Rathi and producers Christine Driscoll and Oscar Boyd talk about some of their favorite stats showing people taking action on the climate crisis. Akshat will be traveling to Singapore, Sydney, Melbourne and Delhi over the next few weeks. Fancy meeting for a drink? Sign up here.  More Links:  Big oil’s pullback from clean energy matters less than you might think  Stats on US solar installations Cycle Lanes in France Shell, Repsol, Petronas Ads Banned in UK for Greenwashing Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim, Dave Sawyer, Gernot Wagner, Nayeli Jaramillo-Plata, and Abraiya Ruffin. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit bloomberg.com/green  See omnystudio.com/listener for privacy information.

Canada is a leading producer of oil and gas. It’s also one of the few G7 members with a carbon tax. As Minister of Environment and Climate Change in 2015, Catherine McKenna was charged with getting Canadians on board with that policy. One of the most important tactics was calling it “a price on pollution.” Carbon taxes are having a moment after the Paris Climate Finance Summit and Cath joins Akshat this week to talk about the political practicalities of passing a carbon tax. She has advice about who to lean on, handling threats, and why focusing on outcomes above all else is the key to climate policy that works.    Akshat will be traveling to Singapore, Sydney, Melbourne and Delhi over the next few weeks. Fancy meeting for a drink? Sign up here.  More Links  Interview of Justin Trudeau Carbon taxes at the Paris Climate Summit Transcript of this conversation with Catherine McKenna The World Bank 2023 Report on the State and Trends of Carbon Pricing Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim, Dave Sawyer, Gernot Wagner, Nayeli Jaramillo-Plata, and Abraiya Ruffin. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit bloomberg.com/green See omnystudio.com/listener for privacy information.

China is the world’s factory, and has the emissions to match. But in a planned economy, with weak environmental regulation, can anyone take on this pollution? Today’s guest, Ma Jun, did. In 2006 he began publishing “Pollution Maps” online that detailed levels and sources of air and water pollution. Ma Jun faced pushback, but his work made it possible for people in China to discuss pollution and climate change in a serious way. His work has since gained acceptance from the government and the corporations like Apple and Nike that he tracked down as sources. Ma Jun joined Akshat in Davos for a conversation about the power that data can have, how environmentalism has changed in China, and the role the rest of the world must play in asking questions.  Read more:  Ma Jun’s book China’s Water Crisis  A case study of Ma Jun’s work and its effect on environmentalism in China from Columbia University  A recent history of air quality in China from University of Chicago  Panel at Columbia: Meeting the Energy and Climate Needs of Emerging Economies Bonus episode: How wildfire smoke and air pollution affect your health 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 Dan Murtaugh. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit bloomberg.com/green See omnystudio.com/listener for privacy information.

Policy can make or break climate action. Usually, national policy gets the most attention, but what local and regional governments do can make a bigger difference, especially in large countries like the US, India and China. This week, Akshat Rathi speaks with three US governors – Jay Inslee of Washington, Michelle Lujan Grisham of New Mexico, and Eric Holcomb of Indiana – about how they navigate partisan politics and the need for climate action. As governors who control state budgets and priorities, their decisions now could supercharge national climate action, or hinder it. More on the topic:  How solar is becoming the midwest’s new cash crop Podcast: How wildfire smoke and air pollution impacts your health Zero’s episode with Leah Stokes about working on the IRA with Gov. Jay Inslee Crash Course: Conservatives vs. EGS with Saijel Kishan 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 Brian Eckhouse, Aaron Clark, Jen Dlouhy, Gilda Di Carli and Kira Bindrim. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit bloomberg.com/green See omnystudio.com/listener for privacy information.

Last week, 50 world leaders met in Paris with the goal of moving trillions in climate finance to developing countries. What was achieved, and what is still left to do? Akshat Rathi was on the ground and gives Oscar Boyd his key takeaways. More: Climate Change and Poverty Are Our Era’s Existential Battles We need trillions to fix the climate. Finally there’s a serious plan. Five Takeaways From the Paris Summit to Fix Global Climate Finance 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 Natasha White and Kira Bindrim. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit bloomberg.com/green See omnystudio.com/listener for privacy information.

Tesla is a household name, but few people have heard of the Loan Programs Office (LPO), one of Tesla’s crucial early backers. Part of the US Department of Energy, the LPO is tasked with awarding government-backed loans to clean-tech. In 2010, it loaned Tesla $465 million to help it weather the fallout from the financial crisis and build out the production of the Model S. With the signing of the Inflation Reduction Act last summer, the LPO was supercharged. It now has more than $400 billion to help the US achieve its climate goals. Jigar Shah is the director of the LPO and joins Zero to give an exclusive on the organization's biggest ever loan: $9.2 billion to BlueOval SK, a joint venture between US auto giant Ford and South Korean battery manufacturer SK On. The money will be used to build battery factories for Ford’s growing line of electric vehicles. Jigar explains why he chose to make this loan, how it fits into President Joe Biden’s electric vehicle ambitions, and how he deals with the risks of investing in pioneering technologies.   Read more:  Read Bloomberg's deep dive on the Ford loan. The Department of Energy’s liftoff reports Article: Tesla’s shrewdest product is proving to be its charging network Article: Ford’s electric pickup is built from metal that’s damaging the Amazon 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 Ari Natter, Keith Naughton, Gabriella Coppola and Kira Bindrim. Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit bloomberg.com/green.See omnystudio.com/listener for privacy information.

Trillions of dollars are needed to shift the world to a low-carbon future, but where will all that money come from? While momentum is growing in rich countries, developing countries are still struggling for finance. Without significant increases in the amount of money spent, the world is unlikely to meet its climate goals, and yet international negotiations are at a deadlock.  Avinash Persaud has a plan: the Bridgetown Agenda. He’s the special envoy on investment and financial services for Barbados and is working with his country’s prime minister, Mia Mottley, to transform the global financial system. Together they are putting pressure on the World Bank and International Monetary Fund to turbocharge the roll-out of clean technologies in developing countries. Next week, he’ll be presenting the latest version of the agenda to world leaders in Paris, at a summit hosted by French President Emmanuel Macron. This week on Zero, Akshat Rathi sits down with Avinash to discuss his plan, and why he thinks now is the time these aging financial institutions can finally be reformed. Read more:  A deep dive on the Bridgetown Agenda Mia Mottley’s full speech at COP27 Making polluters pay for loss and damage Cheaper currency risk hedging could unlock trillions 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 Kate Mackenzie 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.

A hotter planet is also a smokier one, as residents of New York City are finding out this week. As the intensity and size of wildfires grows, more and more people are being exposed to dangerously unhealthy air. Just how dangerous? Oscar Boyd asks Akshat Rathi to explain the health effects of exposure to intense air pollution. It’s not a new problem, but it’s a growing one and many of us will need to learn how to deal with the risks. Related stories from Bloomberg Green: How wildfire smoke affects human health Justin Trudeau on the Zero podcast The Australian climate elections on the Zero podcast A documentary on Australia’s bushfire babies The Big Take podcast on the Black Summer bushfires  Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Janet Babin, Kira Bindrim, Zahra Hirji, Kendra Pierre-Louis and Todd Woody. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit bloomberg.com/green See omnystudio.com/listener for privacy information.

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.