The world is focused on net zero. Yet some companies, like Australian mining giant Fortescue, have set their sights higher, and are now aiming for ‘real zero’. On today’s show, we bring you an interview from the recent BNEF Summit Shanghai, where Fortescue Founder and Executive Chairman Andrew Forrest sat down with Leonard Quong, BNEF’s Head of Australia Research, to talk about green hydrogen, green iron ore, and why real zero is good for people, the planet and the bottom line.

Today’s episode was recorded live at BNEF Summit Shanghai. To learn more about our Summits and to listen to more interviews, please visit https://about.bnef.com/summit/

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Emerging markets have big plans when it comes to the energy transition. Today, 95% of developing economies have a renewable energy target in place, and many of them are seeing massive growth in solar and other renewable power technologies. Yet this clean power revolution won’t come cheap. While EMDEs attracted more than $100 billion for clean energy development last year, that’s a drop in the bucket of what it’ll take to reach net zero, and many markets are racing to implement the policy and infrastructure needed to attract many billions more. On today’s show, BloombergNEF researchers Sofia Maia and Ana Paula Fonseca Teixeira present the newest edition of Climatescope, a public BNEF resource that evaluates and ranks emerging markets’ readiness to utilize energy transition investment.

Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal or on bnef.com

Links to research notes from this episode:

Climatescope 2024 - www.global-climatescope.org

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Climate-tech funding is falling precipitously. During the third quarter of 2024, worldwide investment in the sector reached just $10.3 billion, a far cry from the $22.6 billion raised in the third quarter of 2023 and the $40.9 billion seen in 3Q 2022. These dramatic declines have been led in part by manufacturing overcapacity in China, where a collapse in market funding has allowed India to supersede China for the first time in BloombergNEF’s climate-tech rankings. With protectionism on the rise, questions have also arisen about how tariffs will impact equity funding moving forward, but where some see barriers, others see opportunities. On today’s show, Dana is joined by Mark Daly, BloombergNEF’s Head of Technology and Innovation, to discuss key findings from the recent report “Investment Radar 3Q 2024: Funding Drop Again”.

Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal or on bnef.com

Links to research notes from this episode:

Investment Radar 3Q 2024: Funding Drop Again - https://www.bnef.com/insights/35203/view

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