Zero: The Climate Race

This episode was originally recorded in July 2025, and updated in December 2025. Happy Holidays from the Zero team.  When exactly China’s emissions peak will make a big difference to the fate of the planet. That moment has come, according to Lauri Myllyvirta, co-founder of the Centre for Research on Energy and Clean Air. A combination of factors – including a huge deployment of renewables and electrification of transport – has put China’s emissions into a structural decline. This week on Zero, Akshat Rathi asks Myllyvirta how confident he is that this really is a peak? What’s behind the decline in emissions? And how will the trade war with the US affect China’s climate and energy policies in the years to come? Explore further: Lauri's latest analysis for Carbon Brief. Global Carbon Budget analysis.   Analysis: Clean energy just put China’s CO2 emissions into reverse for first time - Carbon Brief China Set to Reach Peak Emissions Before 2030, Ex-Official Says - Bloomberg China’s Solar Industry Gathers as Gloom Deepens Over Demand — Bloomberg Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to: Jess Beck, Eleanor Harrison-Dengate, Sommer Saadi, Mohsis Andam and Siobhan Wagner. 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.

Despite endless financial difficulties, Argentina has seen a remarkable increase in clean energy over the past decade. It has gone from practically zero to almost 18% of its electricity sourced from renewables. In doing so, Argentina has overcome a challenge faced by many countries that are considered uninvestable by major financial institutions. Sebastian Kind, former undersecretary at the ministry of energy in Argentina, joins Akshat Rathi on Zero to tell the story of Argentina’s renewables blitz. Explore further: Sebastian’s organisation, RELP: https://www.relp.ngo/ Sebastian’s TED Talk: https://www.youtube.com/watch?v=ACC5KCPRt_U Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Sommer Saadi, Mohsis Andam, Sharon Chen and Laura Millan. 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 Canada elected Mark Carney as prime minister, there was hope that the country would pursue climate policies. That hope was crushed after Carney signed a deal with the oil-producing province of Alberta that will roll back or dilute green regulations.  As a result, Steven Guilbeault, Carney’s culture minister has resigned from cabinet. He was the environment minister under Justin Trudeau and responsible for many of the policies at risk. This week on Zero, Guilbeault tells Akshat Rathi why the Alberta deal was the last straw. Explore further: Carney Defector Says ‘No Way’ Canada Can Meet Climate Goals Now - Bloomberg Canadian Prime Minister Mark Carney Stands by His Climate Agenda - Bloomberg Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Danielle Bochove, Sommer Saadi, Mohsis Andam, Sharon Chen and Laura Millan. 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.

In his new book Breakneck, tech analyst Dan Wang argues China’s engineering mindset has given it an edge in all sorts of domains, including climate technologies, while America’s lawyerly mindset is holding it back. This week on Zero, Wang tells Akshat Rathi what the world can learn from China and how the US could start to compete on green tech in the future.  This episode was recorded as part of the SOSV Climate Tech Summit. Explore further: Dan Wang’s book, Breakneck - Penguin China's Winning the Energy Exports Race - Bloomberg China’s Green Tech Firms Pour Billions Into Overseas Factories - Bloomberg Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Sommer Saadi, Mohsis Andam, Sharon Chen and Laura Millan. 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.

Australia has suffered a major climate setback, losing its bid to host next year’s COP summit in Adelaide. At the same time, the Coalition has reignited Australia’s climate wars by abandoning its commitment to net zero emissions by 2050 – a reversal that resets the political debate just as the world pushes for faster decarbonisation. In this episode, Rebecca Jones asks Bloomberg’s David Stringer to unpack what the failed COP bid means for Australia’s international standing, how the Coalition’s shift could shape the next election and what renewed climate volatility means for investment, energy transition plans and ultimately your power bill. Find more from the Bloomberg Australia Podcast here: https://www.bloomberg.com/podcasts/series/bloomberg-australiaSee omnystudio.com/listener for privacy information.

Over the last two weeks, tens of thousands of people took to the city of Belem, at the mouth of the Amazon river, for the annual United Nations climate summit: COP30. Alongside tense negotiations, there were indigenous protests, daily rainstorms and even a fire at the COP venue. But at the end of it all, what did COP30 achieve? Bloomberg Green’s Jennifer Dlouhy joins Akshat Rathi on Zero, to share her takeaways.  Explore further: COP30 in Brazil: A Decade After Paris, Climate Diplomacy Is About Saving Itself - Bloomberg COP30 Climate Deal: What to Know About the Agreement in Brazil - Bloomberg Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Our theme music is composed by Wonderly. Special thanks to the COP30 team Amanda Hurley, Simon Casey, John Ainger, Jen Dlouhy, Fabiano Maisonnave, Daniel Carvalho, Vanessa Dezem and Dayanne Sousa. Thanks also to Anna Mazarakis, Sommer Saadi, Mohsis Andam, Laura Millan and Sharon Chen.  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.

Climate solutions are here, they’re just not evenly distributed. So says former US Vice President Al Gore, who remains staunchly optimistic that we can move faster to tackle climate change, even at a time of increasing political resistance in some parts of the world.  This week on Zero, Gore joins Akshat Rathi to discuss what it means to be a climate realist, the ways to move more finance to the countries that need it and how to tackle the tragedy of the horizon. This is Part 2 of a two-part conversation between Gore and Rathi. Find Part 1 linked below. Explore further: Listen to Part 1 of the conversation Al Gore Tells COP30 That the US May Have Reached ‘Peak Trump’ Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to TED Countdown House, Sommer Saadi, Mohsis Andam, Sharon Chen and Laura Millan. 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.

Former US Vice President Al Gore is one of the grandees of the climate world and knows just how much power America can wield on the international stage. So with President Trump on the warpath against climate action, how should other nations deal with an increasingly rogue US?  Gore joins Akshat Rathi on Zero to talk geopolitics, polarization, and energy-hungry artificial intelligence.  Explore further: Listen to part 2 of the conversation. Al Gore Says Trump’s Energy Policies Are a ‘Tragedy’ for the US Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to TED Countdown House, Sommer Saadi, Mohsis Andam, Sharon Chen and Laura Millan. 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.

Most oil company CEOs have turned their back on COP30, but not ExxonMobil CEO Darren Woods, who this year attended his third COP conference in a row. This week on Zero, Akshat Rathi asks Woods why Exxon is backing a new carbon accounting idea, what his plan is now that the Inflation Reduction Act has been gutted, and why Exxon wanted the US to stay in the Paris Agreement.  Explore further: Zero’s 2024 interview with Darren Woods Sign up to the Bloomberg Green newsletter for daily coverage of COP30. Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Eleanor Harrison Dengate, Siobhan Wagner, Sommer Saadi and Mohsis Andam. 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.

COP30 negotiations have officially started, and began with a fight about what to put on the agenda. While not completely unexpected for these enormous multilateral gatherings, it’s a rockier start than the Brazilian hosts in Belem would have wanted. This week on Zero, Akshat Rathi is joined by Rachel Kyte, the UK’s Special Representative for Climate, to talk about how to forge climate consensus in an increasingly polarized world, and who is ready to fill the void left behind by the US.  Explore further: Norway Pledges $3 Billion for Forest Fund, With Conditions Find all the latest news from COP30 here: https://www.bloomberg.com/latest/cop-climate-summit Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Anna Mazarakis, Siobhan Wagner, Sommer Saadi and Mohsis Andam. 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.

World leaders are gathering in Belem, Brazil, for the COP30 climate negotiations, but what will be achieved? Brazil hasn’t given much indication of what it hopes will emerge from the negotiations, other than implementing the many promises of previous COPs. This week on Zero, Akshat Rathi sits down with COP30 President, André Corrêa do Lago, to try and figure out how the negotiations might turn out.  Explore further: Find all the latest news from COP30 here: https://www.bloomberg.com/latest/cop-climate-summit Listen to our previous conversation with Andre Correa do Lago: https://www.bloomberg.com/news/articles/2024-11-21/cop29-brazil-s-plans-for-next-year-s-cop30-in-belem  Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Eleanor Harrison Dengate, Siobhan Wagner, Sommer Saadi and Mohsis Andam. 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.

The Paris Agreement was a huge deal when it was signed in 2015 at COP21. But after 10 years and $10 trillion dollars invested into decarbonizing our economies, what has it accomplished? As we approach COP30 in Belem, Bloomberg Green’s Laura Millan and Akshat Rathi look back at a decade of the Paris Agreement, and speak to Christiana Figueres and Laurence Tubiana, two of the architects of the deal.  Explore more: Read Bloomberg Green's Big Take on 10 years since Paris. Read all of Bloomberg Green’s reporting from COP30 Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Eleanor Harrison Dengate, Siobhan Wagner, Sommer Saadi and Mohsis Andam. 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.

Just three companies control the lion’s share of the $120 billion global market for industrial gases: Linde, Air Liquide & Air Products. And because the production of these gases is so energy intensive, each company consumes as much electricity as some small to medium-sized European countries. This week on Zero, Sanjiv Lamba, CEO of Linde, tells Akshat Rathi how he sees electricity demand changing, what Linde is doing to transition to clean sources, and whether low-carbon hydrogen can ever become big business. Explore further: Read Akshat’s article on Linde and other hidden electricity giants. Expect to Keep Paying Record Prices for Coffee. This Is Why Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Eleanor Harrison Dengate, Siobhan Wagner, Sommer Saadi and Mohsis Andam. 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.

From trade wars to skyrocketing tech valuations, governments and investors seem to be making economically irrational moves. As the world heads into another global climate summit, there is a need for fresh thinking to bring countries back to work on the urgent challenge of climate change. This week on Zero, political economist Abby Innes tells Akshat Rathi what governments are getting wrong about addressing the problems we face and how to reimagine economics for the climate era. Explore further: Abby’s book, Late Soviet Britain  Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Eleanor Harrison Dengate, Sommer Saadi, Mohsis Andam, Laura Millan and Sharn Chen. 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.

There's always big ideas in the climate technology space, but it can be hard to get your head around all the different types of technologies making waves. What’s real and what’s low-carbon smoke and mirrors? This week on Zero, Akshat Rathi teams up with venture capitalist and Catalyst podcast host Shayle Kann to talk about which climate technologies are working, and which are going nowhere. Explore further: Listen to more episodes of the Catalyst podcast, hosted by Shayle Kann: https://www.latitudemedia.com/podcasts/catalyst/ Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Eleanor Harrison Dengate, Siobhan Wagner, Sommer Saadi and Mohsis Andam. 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.

There’s a battle underway to win the energy export market between the world’s two largest economies: The US wants the world to buy its fossil fuels, while China wants to sell the world its clean energy technologies. For now, there is a clear winner: China. How did that happen? Akshat Rathi and Oscar Boyd discuss. More: Read Akshat’s newsletter Read Ember’s report on electricity Subscribe to the Bloomberg Green newsletter Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Sommer Saadi, Mohsis Andam, Laura Millan and Sharon Chen. 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.

The UK used to be a shining example of how to act on climate change. It created one of the world’s first climate laws in 2008, which bound the government to reduce emissions on tight deadlines. That law used to have cross-party support, but that’s no longer the case with politicians trying to make climate a wedge issue. This week on Zero, Greg Jackson, chief executive officer of the UK’s largest energy retailer, Octopus Energy, joins Akshat Rathi to discuss his plan to bring down bills and keep the public on the green side. Explore further: Octopus Energy Plans to Spin Off Technology Arm Kraken - Bloomberg  Octopus Energy Opens Door for Chinese Wind Turbines in UK- Bloomberg Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Eleanor Harrison Dengate, Sommer Saadi and Mohsis Andam, Laura Millan and Sharon Chen. 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.

AI needs a lot of energy — and a new Bloomberg investigation has found that those soaring costs are being passed on to consumers who live near data centers. On today’s Big Take podcast, host David Gura talks to Bloomberg reporters Josh Saul and Leonardo Nicoletti about the AI boom’s impact on power bills, how utility companies are handling surging demand and the implications for communities with centers in their backyards. Read more: AI Data Centers Are Sending Power Bills SoaringSee omnystudio.com/listener for privacy information.

Rising power demand from data centers for artificial intelligence has led to a shortage of the gas turbines needed to generate electricity. This shortage might not seem the most obvious climate story, but it's having impacts across the entire energy sector. This week on Zero, Bloomberg’s Stephen Stapczynski joins Akshat Rathi to look at what’s causing the bottleneck in gas turbines, if the shortage will make companies look to renewables or coal, and whether natural gas is really a “bridge” fuel. Explore more: Past episodes of the Bottlenecks Series: The 100-Ton Rotating Mass That Can Stop Blackouts The Green Transition Needs More Workers There Aren’t Enough Cables to Meet Growing Electricity Demand The One Device Throttling the World’s Electrified Future Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Eleanor Harrison Dengate, Siobhan Wagner, Sommer Saadi and Mohsis Andam. 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.

Something remarkable is unfolding in developing countries. From Nepal to Costa Rica, more people are buying electric cars than fossil-fuel vehicles, as battery prices plummet and cheap home-grown EVs come to market. And in China, more electric cars will be sold in the last quarter of this year than the total number of all cars sold in the US. Colin McKerracher, head of transport at BNEF, joins Akshat Rathi on Zero to unpack these trends, and what they mean for global oil demand. Explore more: BNEF’s EV Outlook  Articles by Colin McKerracher  The Whole World Is Switching to EVs Faster Than You Nigeria's Solar Gamble Forces Millions in Lagos to Unplug From Dirty Generators - Bloomberg Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Eleanor Harrison Dengate, Siobhan Wagner, Sommer Saadi and Mohsis Andam. 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.