When the UK handed the Labour party a parliamentary majority last July, it promised to build a new state owned energy company called Great British Energy. It's almost exactly one year since its creation, and GB Energy now has a budget of £5.8 billion to get the organization off the ground. It sounds like a lot of money, but is it? And what exactly will the organization do with all of it? On Zero this week, Akshat Rathi spoke to Dan McGrail, interim CEO of GB Energy, to find out the answers.

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• Watch the video of this conversation
• Great British Energy website
• UK’s New State Energy Company Will Spend £1 Billion on Grants - Bloomberg
• UK to Spend £300 Million to Draw Offshore Wind Supply Chain

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.

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Climate tech is not the hot investor thesis it once was a couple of years ago. After several record breaking years, and billions of dollars being poured into climate startups, venture capital investments are way down. This week on Zero, Akshat Rathi speaks with Mike Schroepfer, who runs Gigascale Capital, a venture firm focusing on climate investments, and used to be Meta’s chief technology officer. Schroepfer shares his views on the current investment climate, the danger of funding cuts to US research, and why demand for AI will prompt a new wave of energy innovation.

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• Gigascale Capital
• Investors Rushed to AI as Climate Tech Funding Fell 40% in 2024 - Bloomberg
• New Venture Capital Firms Are Facing a Disastrous Fundraising Climate - 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.

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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?

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• 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.

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High-voltage electricity cables are in huge demand around the world, so much so that a lack of cabling has become a bottleneck throttling the clean energy transition. So why are cable manufacturers so hesitant to expand? Also, how are these giant cables made? And is China about to eat everyone's lunch? Claes Westerlind, chief executive officer of cable manufacturing company NKT, joins Zero to discuss. This is the third episode in Bottlenecks, a series exploring the lesser known obstacles standing in the way of our electrified future.

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• Previous episode in Bloomberg Green’s Bottleneckes series:
• • How a Shortage of Transformers Threatens Electricity Supply
  • There Aren’t Enough Engineers to Meet World’s Growing Hunger for Power
  • Electric Cable Companies Are Making a Killing From Green Energy

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

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Western economies need to electrify and fast, but where are all the skilled workers going to come from to install the heat pumps, solar panels and batteries needed? This week on Zero, Akshat Rathi talks with Olivia Rudgard about the shortage of labor in electrification industries, and why some experts are calling it an ‘existential’ crisis. This is the second episode in Bottlenecks, a new series exploring the lesser known obstacles standing in the way of our electrified future.

Explore further:

• Read the Big Take: There Aren't Enough Engineers to Meet the World's Growing Hunger for Power
• Previous episode in Zero’s Bottleneckes series: How a Shortage of Transformers Threatens Electricity Supply
• Northvolt Hits End of Line After Failing to Reach Rescue Deal

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

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To slash emissions fast, the formula is simple: electrify everything and clean up the grid. But in practice, progress is slowed by all sorts of bottlenecks — from arcane permitting processes to sky-high electricity costs.

This week on Zero, Akshat Rathi sits down with producer Oscar Boyd to spotlight a surprising culprit slowing the transition: a global shortage of transformers, and why it has industry insiders so worried. This episode kicks off Bottlenecks, a new series exploring the lesser known obstacles standing in the way of our electrified future.

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• The One Device Throttling the World’s Electrified Future
• The Device That Brought Down Heathrow Airport

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

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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.

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• 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.

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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.

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• 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.