Scientists are clear that meeting climate goals means ending carbon pollution and drawing down excess CO2 from the air. That’s why carbon-removal technologies have proliferated over the past decade. But with the US government slashing climate incentives and programs, some companies are being forced to cut costs. This week Akshat Rathi speaks with Jan Wurzbacher, co-founder of Climeworks, a startup that pulls carbon dioxide from the air, about its first major layoffs and what the future holds for the most expensive climate solution.

Explore further:

• Climeworks Is Cutting 22% of Staff as US Climate Backlash Hits Carbon Removal
• Past Zero episode on carbon removal with Professor Jennifer Wilcox
• Big Bets on Speculative Carbon Capture Tech Ignore Today’s Solutions

Zero is a production of Bloomberg Green. This episode was produced by Sommer Saadi and Robert Williams. Special thanks to: Coco Liu, Michelle Ma, Brian Kahn 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.

Low-carbon tech investments reached $2.1 trillion last year. But with the whole world trying to work out how to navigate US President Donald Trump’s unpredictable policy agenda, is 2025 still a good time to invest in climate tech? This week on Zero Akshat Rathi interviews Greg Wasserman, head of private company climate investment at Wellington Management, which oversees more than $1 trillion in assets. Wasserman has to make investment decisions here and now about companies and technologies — weighing risks and opportunities in a volatile market.

Explore further:

• Trump’s Big Oil Era Means Green Bargains for Investors
• Companies Pivot From Climate Talk to 'Greenhushing' in Trump Era
• Why ESG Faces Backlash and Its Future Under Trump 2.0
• GOP to Phase Out Biden Energy Credits to Pay for Tax Cuts

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to: Jess Beck, Sommer Saadi, Mohsis Andam, Amanda Kolson Hurley 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.

Australia is in a unique place when it comes to the energy transition. It is the world’s largest exporter of coal and a leading exporter of gas, yet has set a target to reduce emissions by 43% and have 82% renewable electricity by 2030.

It is also caught juggling relations between the US, its military ally, and China, its biggest trading partner — as the two superpowers fight over trade. It is an unenviable challenge for Prime Minister Anthony Albanese, who has just been voted back into the office with an impressive new majority and also wants Australia to host the COP31 climate summit in 2026.

This week, David Stringer, Bloomberg Green's managing editor in Asia, joins Zero to unpack Albanese’s full agenda and what his re-election means for Australia’s climate ambitions.

Explore further:

• Australian PM’s Next Campaign Is to Secure COP31 Climate Talks - Bloomberg
• China Slowdown Has Australia’s Economy Under Pressure, Chalmers Says - Bloomberg
• Trump Backlash Helps Australia’s Leader to Historic Re-Election - Bloomberg

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to: Jessica Beck, 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 connects Hamburg, the Thai Royal court and the conservation of tigers? A pioneering young pharmacist who wanted to do good in his new home of Thailand. Find out how his vision yielded B.Grimm--one of Asia’s most impactful businesses.
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.

This week, Canadians elected Mark Carney, leader of the Liberal party, to be their prime minister. Carney is a newcomer to politics, but is well known in international finance and climate circles, running both the Bank of Canada and the Bank of England, and founding the Glasgow Financial Alliance for Net Zero (GFANZ). Canada is far from reaching its legally mandated goal to achieve net zero by 2050, and has one of the highest emissions per capita of anywhere in the world. Now Carney has been elected, can he translate his international climate leadership into domestic policy, or will climate fall by the wayside as he fortifies Canada against a trade war with the US?

Explore further:

• Carney’s Anti-Trump Agenda for Canada Nods to Climate
• Canada’s Mark Carney Treads a Fine Line on Climate in a Tight Election
• Arctic Sea Ice Shrinks to Record Winter Low as Earth Heats Up

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

Three years ago, Australia was on the verge of an election dominated by a wave of independent MPs who promised a climate change reckoning. But climate talk seems to have taken a backseat in the current campaign ahead of the May 3 national poll.

For the Bloomberg Australia Podcast, host Rebecca Jones and Bloomberg’s David Stringer break down the energy policies being pushed by the major parties this election campaign.

Find more episodes from the Bloomberg Australia Podcast at https://www.bloomberg.com/podcasts/series/bloomberg-australia

See omnystudio.com/listener for privacy information.

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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

See omnystudio.com/listener for privacy information.

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 zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

See omnystudio.com/listener for privacy information.