Tom Steyer is a hedge-fund billionaire who made his money investing in distressed assets, including fossil fuel projects. He’s also an avowed climate activist and a major donor to US politicians seeking to tackle climate change. After a short-lived run for president, Steyer in 2021 set up Galvanize Climate Solutions, a firm that invests in companies and technologies promising emissions reductions this decade. It recently raised $1 billion. 

Zero host Akshat Rathi spoke with Steyer at  COP28 in December, to ask why he got out of fossil fuels, the consequences of bad carbon accounting, and what the return of Donald Trump would mean for global climate ambitions. 

Read more: 
Tom Steyer Launches New Climate Tech Investment Fund With $1 Billion - Bloomberg
Greening US Apartments Is New Project of Billionaire Tom Steyer - Bloomberg


Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim, Tiffany Tsoi. Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

Tom Steyer is a hedge-fund billionaire who made his money investing in distressed assets, including fossil fuel projects. He’s also an avowed climate activist and a major donor to US politicians seeking to tackle climate change. After a short-lived run for president, Steyer in 2021 set up Galvanize Climate Solutions, a firm that invests in companies and technologies promising emissions reductions this decade. It recently raised $1 billion. 
Zero host Akshat Rathi spoke with Steyer at <a href="https://www.bloomberg.com/green-united-nations-climate-summit" data-cke-saved-href="https://www.bloomberg.com/green-united-nations-climate-summit"> COP28</a> in December, to ask why he got out of fossil fuels, the consequences of bad carbon accounting, and what the return of Donald Trump would mean for global climate ambitions. 
Read more: 
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2023-09-14/tom-steyer-launches-new-climate-tech-investment-fund-with-1-billion">Tom Steyer Launches New Climate Tech Investment Fund With $1 Billion - Bloomberg</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2023-04-05/greening-us-real-estate-is-new-project-of-billionaire-tom-steyer">Greening US Apartments Is New Project of Billionaire Tom Steyer - Bloomberg</a>  </li>
</ul>
 Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim, Tiffany Tsoi. Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit <a href="https://www.bloomberg.com/green">https://www.bloomberg.com/green</a>.

Zero is about the tactics and technologies taking us to a world of zero emissions. Each week Bloomberg’s award-winning reporter Akshat Rathi talks to the people tackling climate change – a venture capitalist hunting for the best cleantech investment, scientists starting companies, politicians who have successfully created climate laws, and CEOs who have completely transformed their businesses. The road to zero emissions has many paths and everyone’s got an opinion about the best route. Listen in.

Zero: The Climate Race

Zero

What Donald Trump’s return means for US climate ambition

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/600cc6e1-93af-40be-bda4-b0fa0155193e/transcript

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 globally, and unpacks the projects the bank is already funding – from solar panels in the Sahel to a hydroelectric dam in Mozambique. 

Explore further:
Past episode with Avinash Persaud on simplifying the complexities of climate finance
Past episode exploring how Brookfield Asset Management is making renewables profitable all around the world
Past episode discussing how to get big money to invest in projects that help people adapt to a world that's already hotter than ever before

Zero is a production of Bloomberg Green. Our producers are Mythili Rao, Magnus Henriksen, and Oscar Boyd. Special thanks this week to Kira Bindrim. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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 globally, and unpacks the projects the bank is already funding – from solar panels in the Sahel to a hydroelectric dam in Mozambique. 
Explore further:
<ul>
<li>Past episode with Avinash Persaud on <a href="https://omny.fm/shows/zero/we-need-trillions-to-fix-the-climate-finally-there">simplifying the complexities of climate finance</a></li>
<li>Past episode exploring how Brookfield Asset Management is <a href="https://omny.fm/shows/zero/making-renewables-a-profitable-bet-everywhere">making renewables profitable all around the world</a></li>
<li>Past episode discussing how to get big money to invest in projects that h<a href="https://omny.fm/shows/zero/hey-nice-seawall-trillions-climate-adaptation">elp people adapt to a world that's already hotter than ever before</a></li>
</ul>
Zero is a production of Bloomberg Green. Our producers are Mythili Rao, Magnus Henriksen, and Oscar Boyd. Special thanks this week to Kira Bindrim. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit <a href="https://www.bloomberg.com/green">https://www.bloomberg.com/green</a>.

This bank is turning Africa into a climate investment opportunity

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/11fc17f4-3291-4743-a205-b1630100468f/transcript

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 critical role in the global energy transition. Andersen describes some of the government policies that have hindered or helped the growth of this sector, and describes the innovations making wind harvesting even more efficient. 

Explore further:
Listen to last week’s episode on the wind industry’s struggle and how one big player remains bullish.
Read about how the wind industry is breaking free of European bureaucracy.
Listen to an earlier episode on how to make the renewable energy industry profitable in developed and developing countries.

Zero is a production of Bloomberg Green. Our producers are Mythili Rao, Sommer Saadi and Magnus Henriksson. Special thanks this week to Kira Bindrim and Will Mathis. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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 critical role in the global energy transition. Andersen describes some of the government policies that have hindered or helped the growth of this sector, and describes the innovations making wind harvesting even more efficient. 
Explore further:
<ul>
<li aria-level="1">Listen to last week’s episode on <a href="https://omny.fm/shows/zero/how-energy-islands-can-supercharge-offshore-wind">the wind industry’s struggle and how one big player remains bullish</a>.</li>
<li aria-level="1">Read about how the wind industry is <a href="https://www.bloomberg.com/news/articles/2024-02-12/wind-power-is-breaking-free-of-european-bureaucracy?sref=jjXJRDFv">breaking free of European bureaucracy</a>.</li>
<li aria-level="1">Listen to an earlier episode on how to make the <a href="https://omny.fm/shows/zero/making-renewables-a-profitable-bet-everywhere">renewable energy industry profitable in developed and developing countries</a>.</li>
</ul>
Zero is a production of Bloomberg Green. Our producers are Mythili Rao, Sommer Saadi and Magnus Henriksson. Special thanks this week to Kira Bindrim and Will Mathis. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit <a href="https://www.bloomberg.com/green">https://www.bloomberg.com/green</a>.

The slow and painful recovery of the wind industry

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/38baaa01-fa09-449e-ac21-b15c01178e6d/transcript

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 Akshat Rathi speaks with CIP founder and managing partner Jakob Baruël Poulsen to understand how the industry is dealing with its many challenges, why CIP is still profitable and what will be needed for wind deployment to keep pace with climate goals. 

Zero is a production of Bloomberg Green. Our producers are Tiffany Tsoi, Sommer Saadi and Magnus Henriksson. Special thanks this week to Kira Bindrim and Will Mathis. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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 Akshat Rathi speaks with CIP founder and managing partner Jakob Baruël Poulsen to understand how the industry is dealing with its many challenges, why CIP is still profitable and what will be needed for wind deployment to keep pace with climate goals. 
Zero is a production of Bloomberg Green. Our producers are Tiffany Tsoi, Sommer Saadi and Magnus Henriksson. Special thanks this week to Kira Bindrim and Will Mathis. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit <a href="https://www.bloomberg.com/green">https://www.bloomberg.com/green</a>.

How ‘energy islands’ can supercharge offshore wind

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b17f6768-ff5a-4652-97bf-b15400f8e7e2/transcript

What Donald Trump’s return means for US climate ambition

Zero: The Climate Race

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