Climate tech makes Europe more resilient to Iran War shocks
Zero: The Climate Race
Bloomberg
4.8 • 296 Ratings
🗓️ 2 April 2026
⏱️ 39 minutes
🧾️ Download transcript
Summary
Will the Iran War finally be the moment where countries move to renewables en masse, or will they rely more heavily on fossil fuels? This week on Zero, Akshat Rathi is joined by Aurore Belfrage, a tech investor, geopolitical risk advisor, and sustainability strategist, to look at how the energy investment landscape is changing with a fresh war in the Middle East, and how climate tech is making countries more resilient.
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Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Sommer Saadi, Mohsis Andam, Sharon Chen and Laura Millan. 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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Transcript
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| 0:00.0 | Have you ever wondered what businesses are doing and should be doing to tackle climate change? |
| 0:04.5 | Then check out the award-winning and chart-topping podcast, Climate Rising, produced by Harvard Business School and hosted by me, Professor Mike Tawful. |
| 0:11.9 | Recently named one of the best environmental podcasts by Earth.org, Climate Rising shares a behind-the-scenes look at how some of the world's top entrepreneurs and business leaders |
| 0:20.8 | are addressing climate change, from climate storytelling and marketing to AI, regenerative agriculture, |
| 0:26.2 | and beyond. Don't miss out. Follow and listen to Climate Rising wherever you get your podcast. |
| 0:31.0 | Welcome to Zero. I'm Akshadrati. This week, climate tech is resilience. |
| 0:48.3 | Thank you. This week, climate tech is resilience. In the weeks since the U.S. and Israel began its war on Iran, we have seen oil and gas prices spike around the world. Iran has responded |
| 0:56.7 | in kind, blocking the vital oil and gas artery that is the Strait of Hormuz and attacking |
| 1:02.1 | oil and gas infrastructure across the Middle East. The war has led many to question in which direction |
| 1:08.6 | the global economy will turn and how will it continue to power itself? |
| 1:14.1 | Will this finally be the moment where countries move to renewables on Mars, |
| 1:18.5 | or will countries deepen their relationship with fossil fuels? |
| 1:22.5 | As ever, we are hearing loud voices on both sides. |
| 1:26.2 | Last week, fossil fuel executives met at the major Serra Week energy conference in Houston, |
| 1:31.5 | where many said this is exactly the moment for the U.S. gas industry to shine, |
| 1:36.1 | providing reliable supply for the world. |
| 1:39.2 | At the same time, the stock prices of Chinese electro-tech firms |
| 1:42.5 | have gained more than major oil companies since the war started, |
| 1:47.6 | signaling that the market sees a more optimistic future for climate tech. |
| 1:52.8 | To talk about all this, I'm joined by Aurora Belfrash, a tech investor, a geopolitical risk advisor and sustainability strategist. |
| 2:01.1 | She is the founding partner of the investment firm and think tank sestekable. |
| 2:05.7 | For a climate tech investor, she's a broad thinker and brings a European focused lens |
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