Renewables promised to be cheap. Why aren’t people feeling it?

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7 • 219 Ratings

🗓️ 9 October 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

The UK used to be a shining example of how to act on climate change. It created one of the world’s first climate laws in 2008, which bound the government to reduce emissions on tight deadlines. That law used to have cross-party support, but that’s no longer the case with politicians trying to make climate a wedge issue.

This week on Zero, Greg Jackson, chief executive officer of the UK’s largest energy retailer, Octopus Energy, joins Akshat Rathi to discuss his plan to bring down bills and keep the public on the green side.

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Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Eleanor Harrison Dengate, Sommer Saadi and Mohsis Andam, Laura Millan and Sharon Chen. Thoughts or suggestions? 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

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0:00.0	Hi, I'm Stephen Carroll.
0:02.0	And I'm Caroline Hepka here to introduce you to a podcast that brings you the news you need to start your day in just 15 minutes.
0:09.3	It's called Bloomberg Daybreak Europe Edition, covering all the top stories across Europe and around the world.
0:15.5	Each weekday morning, we're up early to bring you the latest news by 7am.
0:19.5	We've got everything you need to know from geopolitics
0:22.1	and global events to economics and what's moving markets. I'm covering it all from London.
0:27.6	And I'm in the EU's capital Brussels. We have 3,000 journalists and analysts around the world
0:32.1	to tell you what's happening, what it means and why it matters. It's more than just business
0:36.9	headlines, from the price of your
0:38.6	breakfast to global shifts in power. Economics and money aren't just part of the story. They're
0:43.4	often the driving force. So start your day with us on Bloomberg Daybreak Europe Edition for the
0:48.5	news you need to know and the context to make sense of it. Find new episodes of Bloomberg Daybreak
0:53.4	Europe edition by 7 a.m. London time on Apple, Spotify or wherever you get your podcasts.
1:01.4	Welcome to Zero. I am Akshatrati. This week, how to make clean energy cheap.
1:23.0	Thank you. The UK, the country I now call home, has been a shining example of how to act on climate change.
1:28.3	It created one of the world's first climate laws back in 2008 that bound the government to reduce emissions on tight deadlines. The country has succeeded in rapidly replacing coal
1:33.5	with renewables, shutting its last remaining coal power plant in 2024, and the ruling Labor
1:38.9	government now wants to reach carbon-free power by 2030. But there's a risk that the progress may be undone.
1:46.9	The climate law used to have cross-party support.
1:49.9	That's no longer the case.
1:51.9	The Conservative Party leader, Kemi Badenok, announced last week that her party will
1:56.6	repeal the climate law if it gets back into power.
	...

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