Zero: The Climate Race

Lucie Pinson is a climate activist focused on the banks that fund fossil fuel projects. But she doesn’t march, chant, picket corporate headquarters, or glue herself to the road. Instead, she and her team at the Paris-based nonprofit Reclaim Finance get to know Corporate Social Responsibility officers, trawl through company statements and portfolios, and join shareholder calls. Reclaim Finance’s strategy is all about finding ways to...

At the Bloomberg Green Festival, Akshat Rathi sits down with voting rights advocate Stacey Abrams and Ari Matusiak, who leads the nonprofit Rewiring America. Together, Abrams and Matuisiak are trying help middle and low-income families access the tax breaks that can help them affordably electrify their homes. They discussed why household emissions are such a big deal, how to connect existential questions about the future of the pla...

In fractured times, what does it take to reach agreement? That’s the question writers Joe Murphy and Joe Robertson set out to explore in a new play about the drama of climate negotiations. Kyoto, now running at the Royal Shakespeare Company’s Swan Theater in Stratford-upon-Avon, tells the story of the 1997 Kyoto Summit as seen through the eyes of Don Pearlman, a notorious fossil fuel lobbyist and chain-smoking lawyer dubbed “the hi...

Tackling climate change now requires not just reducing planet-warming emissions to zero, but also finding a way to draw down existing carbon dioxide from the air. Over the past few years, tech companies have taken the lead to seed hundreds of startups that want to sell carbon removal credits and help companies meet climate goals. But the failure of a major startup, Running Tide, has raised questions about the long-term viability of...

Earlier this month, tech billionaire Bill Gates broke ground on a new nuclear plant in Kemmerer, Wyoming– a historic coal town. Gates tells Zero why he hopes the plant, which uses sodium for cooling, rather than water, will be the first of many in the country– no matter who wins this year’s election. “The idea of the US being more energy secure and US innovation allowing us to export, those things are still somewhat bipartisan in n...

We are living through the hottest year on record. That’s not news, but growing climate impacts make bigger and bigger news. At 1.3C of warming beyond pre-industrial levels, people are reckoning with a planetary system that’s out of whack. It’s not like the scientists didn’t see worsening impacts coming, but many of them have been surprised by the ferocity with which some have played out. On this week’s episode of Zero, Bloomberg Gr...

The 2016 fire that encircled the oil-producing town of Fort McMurray in Alberta, Canada, forced more than 80,000 people to evacuate and left billions of dollars in damage in its wake. It was a disaster of record-breaking proportions, but also an inevitable byproduct of mankind’s obsession with burning fossil fuels. In this episode, John Vaillant, author of Fire Weather: A True Story from A Hotter World, explains how Canada’s fossil...

Over the past 18 months, Tesla has missed its sales goals, seen its share price fall and waded through a series of dramatic decisions from Chief Executive Officer Elon Musk, who cut car prices, fired much of the Supercharger team and announced nebulous plans to release a robotaxi. All of that looks like a pivot away from the original mission of making mass-market electric cars, but does Tesla going off course really matter to the E...

Depending on who you ask, AI is either going to save the world or end it. The technology’s capacity for data-crunching and problem-saving can help predict weather events, making it easier to optimize power grids, prepare for natural disasters, and maximize crop output. But artificial intelligence is also energy intensive – and easy to apply to ethically questionable ends. For all of these reasons, Priya Donti, professor of electric...

Microsoft’s recent push to capitalize on artificial intelligence has made it the world’s most valuable company. But according to new figures, that ambition is coming  at the expense of its climate goals. In 2020, the company pledged to be carbon-negative by the end of the decade. Instead, its emissions rose 30% between 2020 and 2023. Microsoft President Brad Smith says the company isn’t giving up on its green goals — and that the g...

After 14 years as a member of Parliament for the UK’s Conservative Party, Chris Skidmore quit the government in January — an act of protest over Prime Minister Rishi Sunak’s decision to allow new oil and gas licenses. Skidmore says the party has lost its way when it comes to climate issues, costing the UK lives, jobs and opportunities for economic growth. In this episode, Skidmore also discusses the Net Zero Review he published whi...

Five years ago, the Green Party celebrated its best-ever results in European elections, ushering in a new era of legislative progress But Covid-19, inflation, supply chain woes and Russia’s war in Ukraine stalled its ambitions. Now, in the face of lagging poll numbers, Dutch Member of European Parliament Bas Eickhout is trying to convince voters that the party’s vision of an equal and ecological Europe is still relevant – and isn’t...

Africa currently loses between $7 billion and $15 billion a year because of climate change. If that trend continues, the sum could reach $50 billion by 2030. But African Development Bank President Akinwumi Adesina sees a way forward. He describes the financial instruments the bank is using to encourage investors to fund green development projects across the continent. Adesina talks about making climate investments more attractive g...

Denmark’s Vestas has been making wind turbines exclusively since 1989 — well before the notion of an energy transition was commonplace. But that foresight hasn’t made for smooth sailing: When Henrik Andersen joined Vestas in 2013 as a board member, the company was deep in debt and shareholders were worried. A decade later, Andersen is CEO and has pulled Vestas out of trouble yet again, just as wind power is starting to play a criti...

If you've paid much attention to the wind industry lately, the news isn’t great. Building new projects is getting more expensive and getting government permission to do it is taking longer than ever. Even major players like Orsted, Vestas and Siemens are struggling. 

But it's not all negative — there are still big players winning in wind. One of them is Copenhagen Infrastructure Partners. This week, Bloomberg Green senior reporter ...

Clean energy technologies saw a record influx of investment last year: $1.7 trillion in total. But that still falls short of what’s needed to meet climate goals. With venture capital investment now falling, it’s increasingly difficult for startups to gain traction. 

Claire Curry, global head of technology, industry & innovation at BloombergNEF, follows the journeys of many young companies in the clean-tech space. On this week’s...

When the UK’s Climate Change Committee was formed in 2008, it both signaled the country’s seriousness about its environmental goals and gave other nations a template for setting their own climate policy. More recently, though, the UK appears to be backpedaling: Prime Minister Rishi Sunak has approved new oil and gas licenses and pushed back a ban on fossil fuel cars. To understand how we got to this contentious moment, and how the ...

The plastic problem is everywhere: in our oceans, communities, even inside our bodies. Plastic is abundant and very cheap, and the amount we produce is expected to triple by 2060 from 430 million tons a year to 1.2 billion tons, according to the OECD. The large amount of plastic could produce four billion tons of greenhouse gases, so a fix is becoming increasingly necessary. This week, Bloomberg Green senior reporter Akshat Rathi s...