How the financial system can work for climate, not against it: Moving Money

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7 • 219 Ratings

🗓️ 10 April 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Even with all the turmoil of the past few months, the energy transition isn’t taking a break. Last year, global spending on clean-energy technologies was more than $2 trillion, according to BloombergNEF. Yet only a small fraction of that money makes its way to developing countries. This week on Zero, Avinash Persaud, climate advisor to the president of Inter-American Development Bank, joins our Moving Money series, and answers the question: how do we make the financial system work for climate action, not against it?

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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 [email protected]. 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	Is this a negotiation or the new rules at a game?
0:02.6	It could be either.
0:03.6	It is up to the president how he wants to negotiate.
0:06.5	A deal is going to be made with China.
0:08.2	Nothing's over yet.
0:09.2	There's been a lot of confusion up to now.
0:11.0	A 90-day pause is not an eradication.
0:13.6	Where is this leading to?
0:14.9	Trust Bloomberg Television for all the context and clarity you need as the tariff and global economy story evolves.
0:21.3	This year's bear case very quickly becoming the base case.
0:24.5	Nobody covers tariffs like Bloomberg Television.
0:27.8	Context changes everything.
0:31.1	Welcome to Zero. I am Akshadrati.
0:33.8	This week, back to basics.
0:46.2	Yeah. This week, back to basics. It's clear that we are in a moment of flux in global affairs.
0:50.8	President Donald Trump's America First doctrine is shaking up diplomacy, trade and markets.
0:56.7	The hope that wars across Europe, the Middle East and Africa will ease up isn't really panning out.
1:03.0	At the same time, climate change isn't slowing down either.
1:06.7	And the impacts in vulnerable countries are growing.
1:10.0	The energy transition isn't taking a break either.
1:12.6	Last year, the global spend on energy was $3 trillion,
1:16.6	of which more than $2 trillion was on clean energy technologies,
	...

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