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Tune In Switched On

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Tune In Switched On

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United States

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Tune In Switched On

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English


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At the beginning of each year, BloombergNEF releases the Energy Transition Investment Trends report, its definitive resource on global investment in the low-carbon energy transition. Since the report’s inception a decade ago, investment levels have steadily risen, breaking the $1 trillion mark in 2021 and reaching a record $1.5 trillion in 2022. Was 2023 another record year for energy transition investment, and which sectors saw the most notable growth or decline? On today’s show, Dana is joined by BNEF’s Deputy CEO, Albert Cheung, and Head of Technology and Innovation, Mark Daly. They discuss financing global supply chains, which clean energy technologies are on track for meeting net-zero targets, and whether climate tech equity financing has rebounded from recent lows.

Duration:00:30:57

California has long been proactive when it comes to environmental policy, implementing measures ranging from a carbon market to put a price on emissions, to legislation to phase out the sale of new gasoline and diesel cars. But are current policies going far enough, and what can be done to ensure the state’s position as the climate leader in the US? On today’s show, we bring you an interview from our recent San Francisco Summit, where California State Senator Scott Wiener sat down with Corey Cantor, a Senior Associate in BloombergNEF’s Electric Vehicle team. Together they discuss California’s need for better public transportation alongside the shift to cleaner cars, the new law Wiener spearheaded on corporate emissions disclosure, and the potential impact of a Trump second term on the Golden State.

Duration:00:23:47

On today’s bonus episode of the podcast, Dana is joined by Kathy Gao, a Senior Associate from BloombergNEF’s Hydrogen team, to unpack the things to watch for the sector in 2024. Together they discuss offtake agreements and the potential for shipping and aviation to step up as customers, whether nuclear could become a viable method of hydrogen production among the plethora of available options, and the policies that could drive supply and demand in the year ahead.

Duration:00:23:03

For every dollar supporting fossil-fuel supply, at least $4 must be put towards low-carbon energy this decade to keep the world on track to limit warming to 1.5C. But are the capital flows of corporations and financial institutions anywhere close to this balance? BloombergNEF has devised the Energy Supply Investment and Bank-Facilitated Financing Ratios to find out. On today’s show, Dana is joined by two of BNEF’s Sustainable Finance Associates, Trina White and Ryan Loughead. Together they discuss how energy financing varies by geography, how the sector has been performing against the wider market for debt and equity, and the ratios required to 2030 and in the decades ahead.

Duration:00:31:23

On today’s bonus episode of the podcast, Dana is joined by BloombergNEF’s Industrial Decarbonization Specialist, Julia Attwood, to discuss what to watch in this space in 2024. Together they talk about the expanding opportunities to use captured CO2 and the growth in storage capacity for this gas, the momentum in large-scale chemical recycling of plastics, and the potential decarbonization of the steel and cement sectors.

Duration:00:20:17

On today’s bonus episode of the podcast, Dana is joined by BloombergNEF’s Head of Wind Research, Oliver Metcalfe, to discuss the things to watch for the sector in 2024. Together they talk about whether this year will offer a more stable environment for offshore wind development, if auctions for such projects will see more success, and the challenges facing Chinese turbine makers.

Duration:00:15:48

Set against a backdrop of geopolitical tensions, this year will see elections taking place in markets that account for a combined 67% of global GDP. With the uncertainty that changes in leadership can bring, could these crucial votes lead to a slowing of investment in the energy transition as investors wait for the results and clear policy direction? On today’s show, Dana is joined by BloombergNEF’s Head of Global Policy, Victoria Cuming, and US policy analyst, Derrick Flakoll. Together they discuss the implications for the Inflation Reduction Act should Donald Trump return to the White House, how useful polling data really is, and if growing right-leaning sentiment will be reflected in the upcoming European Parliament elections.

Duration:00:31:44

On today’s bonus episode of the podcast, Dana is joined by BloombergNEF metals analyst Yuchen Huo, to discuss the things to watch in industrial metals markets in 2024. Together they talk about what a continued slump in China’s property sector could mean for steel demand, how the expansion of electricity grids will drive the need for copper, and the impact of the ongoing surge in solar power capacity on aluminum.

Duration:00:15:28

With an energy mix dominated by aging and increasingly unreliable coal power plants, South Africans have been putting up with rolling blackouts all the way back to 2007. The government’s latest energy strategy lays out a path to reduce these electricity shortages by replacing coal-fired generation. But rather than renewables being the natural successor, the focus is instead on gas. On today’s show, Dana is joined by BloombergNEF’s Head of Regional Energy Transitions, Emma Champion. Together they discuss why South Africa is still looking to fossil fuels for its power supply, why the new energy blueprint has rolled back utility-scale solar targets as smaller rooftop installations boom, and the attractiveness of the country as a renewable energy investment opportunity versus other markets in the region.

Duration:00:31:20

With an energy mix dominated by aging and increasingly unreliable coal power plants, South Africans have been putting up with rolling blackouts all the way back to 2007. The government’s latest energy strategy lays out a path to reduce these electricity shortages by replacing coal-fired generation. But rather than renewables being the natural successor, the focus is instead on gas. On today’s show, Dana is joined by BloombergNEF’s Head of Regional Energy Transitions, Emma Champion. Together they discuss why South Africa is still looking to fossil fuels for its power supply, why the new energy blueprint has rolled back utility-scale solar targets as smaller rooftop installations boom, and the attractiveness of the country as a renewable energy investment opportunity versus other markets in the region.

Duration:00:31:19

The start of each year sees BloombergNEF look at what could play out across the energy transition over the next 12 months. During January, Switched On will interview the brains behind the ‘Things to Watch’ series, starting with what to expect from the electric vehicle market. On today’s episode, Dana sits down with Colin McKerracher, BNEF’s Head of Advanced Transport. Together, they discuss the race between Tesla and BYD to claim the global EV sales crown, the new opportunities presented by emerging markets, and whether 2024 could be the year that oil demand sees a real dent from the shift to electric drivetrains.

Duration:00:23:19

Extreme weather events like fires and floods are causing companies to take a closer look at the physical risks posed by climate change, and how they could impact their income and balance sheets. Despite the financial threat posed, awareness of physical risk is currently low and exposure to potential losses and damage is still underreported in financial disclosures. As demand for transparency grows among investors and policymakers, what is the actual scale of the threat from physical climate risk, and what can be done to improve reporting and data collection? On today’s show, Dana sits down with Danya Liu, an analyst from BloombergNEF’s climate risk team. Together, they discuss the different forms physical risk can take and which weather events leave the largest financial impact, why the financial services industry is especially vulnerable to climate-driven catastrophes, and how insurers could help improve awareness of physical risk and data reporting.

Duration:00:30:32

BNEF Pioneers is BloombergNEF’s annual climate-tech competition identifying game-changing innovations with the potential to accelerate global decarbonization and halt climate change. Last year, awards were given in three categories: accelerating the deployment of hydrogen, building a net-zero food production system, and sustainable metals and materials for an electrified future. On today’s show, Dana is joined by guest host Benjamin Kafri, BNEF’s Head of Client Relations and Innovation, to explore the third of these categories. Together, they interview representatives from Jetti, Nth-Cycle and Li-Cycle, the three Pioneers Award winners dedicated to cleaning up the world’s metals and materials supply chains.

Duration:00:51:34

Pesticides are considered an indispensable part of modern agriculture, but with links to environmental damage and soil pollution, their use comes at a cost. Could cutting-edge technologies that harness artificial intelligence help clean up farming’s chemical footprint? On today’s show, Dana sits down with Alexander Liddington from BloombergNEF’s sustainable agriculture team. Together, they discuss the positive environmental impact and cost savings that ‘green-on-green’ detection could have for farmers, as advanced cameras and AI are deployed to identify the weeds hiding among crops. They also explore the limitations of drones for precision pest control and whether pesticide manufacturers are embracing the technological revolution.

Duration:00:30:02

The final agreement signed at the COP28 climate summit marked a significant step forward, addressing for the first time the need to transition away from fossil fuels. Among its signatories were oil-and gas-rich nations in the Middle East, many of whom currently center their economies around the export of fossil fuels. But what are these countries’ clean energy plans, and do they have alternative business models to offset the potential losses from a greener future? On today’s show, Dana sits down with Philip Geurts, an analyst from BloombergNEF’s oil team, to talk about the Middle East. Together, they discuss OPEC+ and the significant output cuts from some of its members, the debate over when and if peak oil demand will be reached, and whether hydrogen offers the region a realistic path away from fossil-fuel production.

Duration:00:22:41

As power grids evolve to accommodate new clean energy sources and smart technology, they are becoming more vulnerable to cyberattackers looking to exploit weaknesses in these increasingly connected systems. But what form do these attacks take, and what can be done to prevent them in the first place? On today’s show, Dana sits down with Amanda Ahl from BloombergNEF’s grids and utilities team. Together they discuss what form a cyberattack on the grid can take and the scale of damage it can cause, the marketplace for cybersecurity and costs involved in securing networks, and how utilities can future-proof their infrastructure against new artificial intelligence and quantum computing threats.

Duration:00:26:49

With a quarter of offshore wind project deals having been canceled in the US this year, the Biden administration’s target of having 30 gigawatts of installed capacity by 2030 is looking even further out of reach. But why are developers coming under so much pressure and are these strains also being felt onshore? On today’s show, Dana sits down with Chelsea Jean-Michel and Atin Jain from BloombergNEF’s wind team. Together, they discuss the impact of inflation and interest rate hikes on US offshore wind projects, why some developers are allowed to re-bid on contracts they’ve canceled, and also why Texas is a bright spot for the rollout of onshore turbines.

Duration:00:31:10

With a quarter of offshore wind project deals having been canceled in the US this year, the Biden administration’s target of having 30 gigawatts of installed capacity by 2030 is looking even further out of reach. But why are developers coming under so much pressure and are these strains also being felt onshore? On today’s show, Dana sits down with Chelsea Jean-Michel and Atin Jain from BloombergNEF’s wind team. Together, they discuss the impact of inflation and interest rate hikes on US offshore wind projects, why some developers are allowed to re-bid on contracts they’ve canceled, and also why Texas is a bright spot for the rollout of onshore turbines.

Duration:00:31:10

The US has historically lagged behind China and Europe for electric vehicle ownership, but is this about to change? If you believe GM and Ford, who cite falling demand for the delaying of their near-term EV sales targets, the logical answer would be no. But here at BloombergNEF, we’ve been crunching the numbers and what they show is not only are US sales of battery-electric cars rising, they are poised to cross the 1 million mark this year. On today’s show, Corey Cantor from BNEF’s EV team returns to the show to talk with Dana. Together they discuss how the Inflation Reduction Act has supercharged the US market, whether red or blue states have the highest EV uptake, and whether Rivian can cross the ‘EV valley of death’ to scale from a startup to mass production.

Duration:00:29:45

It’s a good news, bad news situation for solar right now. On the one hand, annual installations are continuing to break records, with China set to build almost as much solar this year as the entire world rolled out in 2022. But on the other hand, the industry is suffering from a supply glut, weighing on the prices and margins of module makers. What is driving China’s boom and will the global momentum continue? Are there any underestimated threats to growth beyond grid bottlenecks? On today’s show, Dana sits down with Jenny Chase, lead solar analyst at BloombergNEF. Together, they discuss the latest outlook for solar, the onshoring of US production and whether its modules can be competitive against cheaper foreign producers, and the role solar can play in ambitions to triple global renewables capacity by the end of the decade.

Duration:00:28:26