This week, we explore how the legislation’s attack on renewable energy may push up electricity bills and damage US competitiveness in AI.

The tax credits in President Joe Biden’s sprawling Inflation Reduction Act were introduced to help the US keep up with rising electricity demand by making clean power sources cheaper. But now the big bill has changed all that, and an executive order issued days after its passage suggests his war on renewables isn’t over yet.

Joining host Stephanie Flanders to discuss this dramatic turn of events are guests Ethan Zindler, head of country and policy research at BloombergNEF and previously climate counselor to US Treasury Secretary Janet Yellen, and Bloomberg lobbying and influence reporter Emily Birnbaum.

For more episodes of Trumponomics, subscribe on Apple or Spotify.

See omnystudio.com/listener for privacy information.

The world’s militaries are incredibly polluting, collectively accounting for some 5.5% of global emissions. Western economies are now gearing up for a big expansion of their militaries, with members of the North Atlantic Treaty Organization (NATO) agreeing to increase defense spending to 5% of their gross domestic product by 2035. That will commit trillions of dollars more to an enormously carbon intensive industry, unless militaries can find a way to reduce their emissions. This week on Zero, Akshat Rathi asks retired Lieutenant General Richard Nugee, author of the UK Ministry of Defence’s climate change report: Can warfare go green?

Explore further:

• Defense Budgets Need to Fight War and Climate Change, Experts Say
• Richard Nugee’s Climate Report
• Estimating the Military’s Global Greenhouse Gas Emissions

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to: Jessica 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.

What does it mean to do business with compassion? How can a company marry purpose with profit? We explore that and more with B.Grimm--the Thai conglomerate that has been doing business compassionately for nearly 150 years.

https://sponsored.bloomberg.com/media/bgrimm/the-stewards-of-compassion-podcast

This episode is sponsored by B.GRIMM.

See omnystudio.com/listener for privacy information.