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

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7 • 219 Ratings

🗓️ 27 November 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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.

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
Fill out Bloomberg Green's climate anxiety survey

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 [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Hi, I'm Olivia Rudgard, a reporter for Bloomberg Green. I'm currently working on a piece
0:05.7	about climate anxiety and I have a request for zero listeners. Climate change can cause stress, both
0:11.1	with people directly affected by it and for those concerned about its effects on others and
0:14.8	their future. If you're okay to share your experience of this, we would love to hear from you. Tell
0:20.3	us what makes you
0:21.0	worry, how your worries affect your life, and what helps you feel better. Take our short
0:25.3	survey. There's a link in the show notes. Thank you.
0:33.2	Hi, it's Akshad. One of the most important discussion points at COP28 will be how to get money
0:39.4	for climate projects in developing countries. That may be to reduce emissions, help adaptive impacts,
0:46.0	or compensate for the damages caused. It's what cops need to solve if there are to be future
0:52.1	agreements among all countries.
1:00.8	Earlier this year, I spoke with Avinaj Pursaud, who is Barbados' climate envoy and the brains behind the Bridgetown Agenda.
1:02.8	It's a wide-ranging set of ideas that could help move trillions of dollars into developing
1:07.5	countries.
1:08.9	Ahead of COP28, we are replaying that episode
1:11.4	for anyone who might have missed it.
1:15.2	Welcome to Zero.
1:16.6	I'm Akshutrati.
1:17.9	This week, Canaries, coal mines,
1:20.5	and a call for cash.
1:39.8	Thank you. Every now and then I get to hear an idea that if it's pulled off will be truly transformational.
1:42.9	This episode is about one of those ideas.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.