Global investment in clean energy hit a record $2 trillion last year, according to BloombergNEF. But developing countries see only a sliver of that funding. Private investors are wary of unfamiliar markets, currency risks and perceived instability. So how do we change that? Avinash Persaud, special adviser on climate risks to the president of the Inter-American Development Bank, joins Zero to explore how we can de-risk investments, unlock private capital, and supercharge the global clean energy transition. From carbon markets to sustainability-linked bonds, where should the focus be to make the biggest impact?

Explore other episodes from the Moving Money series:

• These ‘Beautiful’ Banks Are Being Pitched to Save Climate Finance
• How the Financial System Can Work for Climate, Not Against It

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to: Mythili Rao, Sommer Saadi, Mohsis Andam, Blake Maples and Siobhan Wagner. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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Developing countries require trillions of dollars a year to transition to clean energy and build climate-resilient infrastructure. So where will the money come from? Avinash Persaud, special advisor on climate risks to the president of the Inter-American Development Bank, joins Zero to make the case for giving more money to Multilateral Development Banks (MDBs), which already funnel hundreds of billions of dollars a year to poorer countries around the globe, much of which goes to climate projects. His pitch is now harder than ever to make as the US slashes international climate finance and European countries reduce their overseas aid budgets to support defense spending. 

Past episodes of Moving Money:

• How the financial system can work for climate, not against it
• The fight over finance brewing at COP29

Explore further:

• COP29: Exxon CEO Darren Woods Interview Transcript From UN Climate Summit
• Unlocking Climate Trillions With a Global Plan From a Sinking Island - Bloomberg 
• Debt-for-Nature Swaps Gain Traction Among Developing Countries - Bloomberg

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to: Mythili Rao, Sommer Saadi, Mohsis Andam, Blake Maples and Siobhan Wagner. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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Even with all the turmoil of the past few months, the energy transition isn’t taking a break. Last year, global spending on clean-energy technologies was more than $2 trillion, according to BloombergNEF. Yet only a small fraction of that money makes its way to developing countries. This week on Zero, Avinash Persaud, climate advisor to the president of Inter-American Development Bank, joins our Moving Money series, and answers the question: how do we make the financial system work for climate action, not against it?

Explore further:

• COP29 Is All About Money. Get Ready for Fights: Moving Money
• Unlocking Climate Trillions With a Global Plan From a Sinking Island 

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to: Mythili Rao, Sommer Saadi, Mohsis Andam, Blake Maples and Siobhan Wagner. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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There is a lot happening in the world of EVs. In the US, Teslas are being hawked from the White House lawn, while in China, BYD has announced a battery that can be charged to go 400km in just 5 minutes. All the while a rearrangement of global trade and tariffs is sending shockwaves through the system. This week on Zero, Bloomberg’s global automotive editor Craig Trudell unpacks the latest twists and turns in the EV revolution.

Explore further:

• BYD Is Winning the Global Race to Make Cheaper EVs
• Chinese EVs Make Inroads in Nigeria as Gasoline Prices Rise
• Sign up to the Hyperdrive newsletter. 

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to: Mythili Rao, Sommer Saadi, Mohsis Andam, Blake Maples and Siobhan Wagner. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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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 electrical engineering and AI at MIT, decided to found Climate Change AI, a group dedicated to applying AI to tackle climate problems.  

In this episode, which first ran in May of 2024, Donti tells Akshat Rathi about some of the projects the group is funding around the world, and what the democratization of AI would look like in practice.  

Explore further:

• Past episode about Microsoft’s rising AI emissions, and President Brad Smith’s claim that the AI will do more good than harm
• Past episode with African Development Bank president Akinwumi Adesina about climate innovation projects across the African continent
• Past episode with climate scientist and  champion for developing countries Saleemul Huq

Zero is a production of Bloomberg Green. This episode was produced by Mythili Rao. Special thanks this week to Kira Bindrim, Anna Mazarakis and Alicia Clanton. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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Water scarcity is no longer a distant threat: By 2030, fresh water demand is expected to outpace supply by 40%. The effects of water stress will be felt in industries from agriculture to e-commerce, putting up to $70 trillion of global GDP at risk, according to the World Resources Institute. Bloomberg Intelligence researcher Melanie Rua is the co-author of a new report on water scarcity. She joins Zero to discuss just how much financial impact companies are already seeing as a result of this issue– and what measures they might take to mitigate it.

Explore further:

• Past episode about Environmental, Social, and Governance policy uncertainty
• Past episode with Breakthrough Energy Ventures’ Eric Toone about green investment opportunities
• Reporting on Galy, a lab-grown cotton startup addressing water consumption

Zero is a production of Bloomberg Green. This episode was produced by Mythili Rao. Special thanks this week to Siobhan Wagner, Sommer Saadi and Magnus Henriksson. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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In the time since she became Prime Minister of Barbados in 2018, Mia Mottley has become known as a moral force for action on climate change. The Bridgetown Initiative, which she launched at COP26 in 2021, transformed the conversation around climate finance – pushing rich nations to do more to support developing countries struggling with the impact of climate change. But as the US retreats from climate action, her bold vision faces new challenges. At the Sustainable Energy for All Global Forum in Barbados, she tells Akshat Rathi why she remains optimistic, and she spoke about the role of pragmatism in tackling the climate challenge.

Explore further:

• Past episode with Achim Steiner, head of the United Nations Development Program
• Past episode with Avinash Persaud about the Bridgetown Initiative
• Past episode about the Royal Shakespeare Company’s play about the 1997 Kyoto Summit 

Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Siobhan Wagner, Kanika Chawla and Jessica Beck. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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Since taking office in January, President Trump has set in motion a series of sweeping rollbacks on US climate policy. This comes at a time when governments around the world have lagged behind their stated environmental goals.

In this episode of the Big Take, host Sarah Holder is joined by Akshat Rathi, host of the Zero podcast, to talk through the Trump administration’s key climate actions, how they could impact investment in green energy, and what it all means for the global fight to stop the warming of the planet.

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As President Donald Trump heats up a North American trade war, Canada is already facing big challenges within its own government. Next week, the governing Liberal party will announce Prime Minister Justin Trudeau's successor. And later this year, the country will hold a general election. Rick Smith, president of the Canadian Climate Institute, joins Zero to discuss what shape the country's climate ambitions might take under new leadership, how Canada can deal with the Trump challenge, and why he expects meaningful climate policy in Canada to be driven by provinces and municipalities. 

Explore further:

• Past episode about the UK’s climate goals with Chris Stark, Head of UK's Mission for Clean Power 
• Past episode about Canada's carbon pricing
• Past episode with Canadian Prime Minister Justin Trudeau

Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Siobhan Wagner and Jessica Beck. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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The world of ESG regulation and investing was already suffering a period of shaky confidence even before President Donald Trump returned to the White House. Now, companies are facing a new period of uncertainty when it comes to Environmental, Social, and Governance policies. Reporter Frances Schwartzkopff tells Akshat Rathi why the EU is rolling back some ESG legislation. And reporter Saijel Kishan explains that many companies today are still keeping their ESG plans in place — but just not talking about it.

Explore further:

• Past episode with activist Lucie Pinson about changing banks’ investing strategies from the inside
• Past episode with California Democratic Representative Ro Khanna about what to expect in Trump’s second term in the White House
• Past episode with Eric Toone of Breakthrough Energy Ventures on the kinds of green startups he believes can be the most profitable

Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Aaron Rutkoff, Siobhan Wagner and Jessica Beck. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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Last October, delegates from around the world met in Cali, Colombia to discuss ways to protect the planet’s biodiversity. After a promising breakthrough in Montreal, Canada three years ago, there were high hopes for that summit. But COP16 closed in shambles, with negotiators leaving before a final agreement could be achieved on key issues. Now, the summit is resuming next week in Rome. Will developed and developing countries be able to reach consensus? Reporter Natasha White, who attended part one in Cali, tells Akshat Rathi what she expects to see when COP16 reconvenes next week in Italy. 

Explore further:

• Past episode about COP30’s final deal
• Past episode with sci fi writer Kim Stanley Robinson about the merits of the COP process 
• Past episode with Stripe’s Nan Ransohoff about the carbon removal credit market
• Bloomberg Green reporting from Natasha White

Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Sharon Chen and Jessica Beck. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

See omnystudio.com/listener for privacy information.