Electric vehicle sales have hit the brakes in Europe and the US in recent months, as cost-conscious drivers have opted for cars with exhaust pipes instead. Bucking the trend is ride-sharing giant Uber, which is not only adding zero emission models to its fleet, but also lobbying regulators to demand more EVs on the road. On Zero, Dara Khosrowshahi discusses the company’s short and long-term green goals, and tells Akshat Rathi why he believes electric cars are good for business – not just for the environment. He also discusses autonomous cars, flying taxis, carbon accounting and what a just transition would look like for the company’s workforce.

Explore further:

• Past episode about the climate case for flying cars
• Past episode with Scottish Power CEO Keith Anderson about what the unstoppable march towards electrification means for the power grid
• Past Big Take episode about flying taxis
• Bloomberg News investigation into how Uber and Lyft used a loophole to deny drivers pay

Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Aaron Rutkoff, Siobhan Wagner, Ethan Steinberg, and Monique Mulima. 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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As Florida reels from the impact of Hurricane Milton, some Wall Street investors appear to be on track to profit from catastrophe bonds tied to the storm’s outcome. Cat bonds are a specialized insurance tool that can help people who've lost their homes find money to rebuild– or deliver big profits to investors who are willing to gamble on big natural disasters. As Bloomberg’s Gautam Naik has reported, last year cat bonds were the most profitable strategy for hedge funds. Naik tells Akshat Rathi about how these financial instruments differ from ordinary insurance, and why they have become an appealing proposition for climate vulnerable nations desperate for any kind of help they can get.

Explore further:

• Read the Big Take story on how catastrophe bonds are helping Florida but not Jamaica
• Past episode about compound climate impacts with Texas Tech University professor Katharine Hayhoe
• Past episode with Avinash Persaud, special adviser on climate change for the Inter-American Development Bank, about the fight brewing over what money richer nations will pay to help poorer nations face climate change

Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Aaron Rutkoff, Siobhan Wagner, Jim Wyss, Jessica Beck, Ethan Steinberg, and Monique Mulima. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

See omnystudio.com/listener for privacy information.

Next month, when delegates from around the world meet in Baku, Azerbaijan at COP29, the biggest questions on the table will have to do with money. Can rich nations find a way to meet developing countries’ demand for up to $1 trillion each year in climate finance? Avinash Persaud, special adviser on climate change for the Inter-American Development Bank, has spent his career looking for ways to make global markets work to unlock climate financing. He says the biggest challenges arise from a simple reality: “The people who benefit and the people who pay are different.” Persaud tells Akshat Rathi why he believes climate change is an “uninsurable” event, and discusses the kinds of financial instruments and commitments that can help poorer countries contribute to the energy transition and adapt to a warmer world.

Explore further:

• Previous episode with Avinash Persaud about pressuring the World Bank and International Monetary Fund to accelerate the roll-out of clean technologies in developing countries
• Past episode about the significance of the COP28 text
• Past episode with African Development Bank President Akinwumi Adesina about financial instruments the bank is using to encourage investors to fund green development projects

Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Kira Bindrim, Siobhan Wagner and Monique Mulima. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

See omnystudio.com/listener for privacy information.