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What a venture capitalist does when climate tech loses its shine | Zero: The Climate Race

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June 26, 2025

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Climate tech is not the hot investor thesis it once was a couple of years ago. After several record breaking years, and billions of dollars being poured into climate startups, venture capital investments are way down. This week on Zero, Akshat Rathi speaks with Mike Schroepfer, who runs Gigascale Capital, a venture firm focusing on climate investments, and used to be Meta’s chief technology officer. Schroepfer shares his views on the current investment climate, the danger of funding cuts to US research, and why demand for AI will prompt a new wave of energy innovation.

Explore further:

Gigascale Capital ()

Investors Rushed to AI as Climate Tech Funding Fell 40% in 2024 Bloomberg ()

New Venture Capital Firms Are Facing a Disastrous Fundraising Climate Bloomberg ()

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks toJess Beck, Eleanor HarrisonDengate, Sommer Saadi, Mohsis Andam and Siobhan Wagner. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit ().

See omnystudio.com/listener () for privacy information.

Zero is about the tactics and technologies taking us to a world of zero emissions. Each week Bloomberg’s award-winning reporter Akshat Rathi talks to the people tackling climate change – a venture capitalist hunting for the best cleantech investment, scientists starting companies, politicians who have successfully created climate laws, and CEOs who have completely transformed their businesses. The road to zero emissions has many paths and everyone’s got an opinion about the best route. Listen in.

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Guests & Subjects Covered

Zero Akshat RathiMike SchroepferGigascale CapitalInvestors RushedClimate Tech Funding FellDisastrous Fundraising ClimateBloomberg Green OurOscar Boyd Special

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