Zero: The Climate Race15 Jun 2023

We need trillions to fix the climate. Finally there’s a serious plan.

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.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(246)

The Iran war revealed that China has a new energy weapon

The Middle East conflict is now in its fifth month, deepening the oil and gas supply shock. Early in the war, analysts worried that the oil price would rise to $200 a barrel, causing a global recessio...

6 Aug 43min

When AI and climate anxieties collide to make beautiful stories: Imagine Series

How should we navigate a world in which anxieties about AI, climate change and capitalism collide? This week on Zero, Akshat Rathi speaks with Helen Phillips, author of Hum and the second-ever winner ...

30 Jul 35min

Bloomberg Australia: Lessons from the world's cleanest air

On a windswept cliff at the edge of Tasmania, scientists are quietly tracking the future of our planet. This week, host Rebecca Jones speaks with David Stringer, managing editor of climate and ESG new...

23 Jul 15min

Ditching net zero to win the climate argument

Andy Burnham has become the UK’s sixth prime minister in just 10 years. When it comes to energy and climate, Labour Party’s Burnham will inherit many of the same challenges of his predecessors: high e...

20 Jul 39min

The selfish case for supporting foreign aid

Hundreds of millions of people around the world have no access to reliable electricity, a problem that doesn’t seem to be going away. Since US President Donald Trump started his second term, Western c...

16 Jul 32min

Is the world prepared for the 'super' El Niño?

The great famine of the 1870s killed 50 million people – and El Niño was a key driver. Another El Niño phase has just begun and it’s expected to be among the strongest. There are five times as many pe...

9 Jul 33min

Is the world becoming too hot for summer sports?

From hydration breaks at this year’s FIFA World Cup to the Tokyo Olympics moving its marathon 1,000km northward, climate change is affecting sport. And sport is affecting climate, as events grow in si...

2 Jul 32min

Solar and batteries are thriving — even in Trump’s America

The common narrative is that the US renewables industry is struggling. But that’s not the case for the whole sector. This week on Zero, Akshat Rathi talks with Kevin Smith, chief executive officer of ...

25 Jun 32min