Did we get climate finance all wrong?
Zero: The Climate Race
Bloomberg
4.8 • 295 Ratings
🗓️ 15 January 2026
⏱️ 44 minutes
🧾️ Download transcript
Summary
For the last decade, since the Paris Agreement was signed, governments have been trying to nudge big financial players to move more money into climate solutions. The idea was to drive action through data disclosure and net-zero goals, but that hasn’t yielded the results they hoped for. Have we got our approach to climate finance wrong? Lisa Sachs, director of Columbia University’s Center on Sustainable Investment, makes the case this week on the Zero podcast.
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Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Alastair Marsh, 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 | Today's show is brought to you by Vanguard. To all the financial advisors listening, let's talk bonds for a minute. Capturing value and fixed income is not easy. |
| 0:08.6 | Bond markets are massive, murky, and let's be real. Lots of firms throw a couple flashy funds your way and call it a day. |
| 0:15.3 | But not Vanguard. At Vanguard, institutional quality isn't a tagline. It's a commitment to your clients. |
| 0:21.7 | We're talking top-grade products across the board of over 80 bond funds, |
| 0:25.7 | actively managed by a 200-person global squad of sector specialists, analysts, and traders. |
| 0:31.3 | These folks live and breathe fixed income. |
| 0:34.1 | So if you're looking to give your clients consistent results year in and year out, go see |
| 0:38.4 | the record for yourself at vanguard.com slash audio. That's vanguard.com slash audio. All investing |
| 0:45.1 | is subject to risk vanguard marketing corporation distributor. Welcome to Zero. I am Akshadrati. |
| 0:50.6 | This week, did we get climate finance wrong? It's been 10 years since the Paris Agreement, and the world has spent more than $10 trillion trying to cut emissions. And yet, as you all know, it's not been enough. The world needs |
| 1:16.7 | to spend a lot more. The trouble is, with government purses tight and tightening, most of it |
| 1:23.4 | will have to come from private sources. And so far, the attempts which have mostly involved nudging and cajoling financial institutions |
| 1:31.6 | haven't really worked. |
| 1:34.5 | So have we got our approach to climate finance wrong? |
| 1:38.5 | Lisa Sachs thinks so. |
| 1:40.9 | She is the director of Columbia University's Center on Sustainable Investment |
| 1:44.7 | and if she is right, we are in deeper trouble than we think. |
| 1:49.6 | The current climate finance regime was born just months before the Paris Agreement was signed. |
| 1:54.4 | It was created by a speech given in September 2015 by then Bank of England governor Mark Carney, |
| 2:03.3 | the same Mark Carney, who is now Prime Minister of Canada. |
| 2:04.6 | Climate change is a tragedy of the horizon. We don't need an army of actuaries to tell us that |
| 2:12.0 | the catastrophic impacts of climate change will be felt beyond the traditional horizons of most actors. |
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