The UK now has a state-owned clean-energy champion. Can it succeed? | Zero: The Climate Race

When the UK handed the Labour party a parliamentary majority last July, it promised to build a new state owned energy company called Great British Energy. It's almost exactly one year since its creation, and GB Energy now has a budget of £5.8 billion to get the organization off the ground. It sounds like a lot of money, but is it? And what exactly will the organization do with all of it? On Zero this week, Akshat Rathi spoke to Dan McGrail, interim CEO of GB Energy, to find out the answers.

Explore further:

Watch the video () of this conversation

Great British Energy website ()

UK’s New State Energy Company Will Spend £1 Billion on Grants Bloomberg ()

UK to Spend £300 Million to Draw Offshore Wind Supply Chain ()

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.

Listen to more episodes of Zero

Subscribe to Bloomberg Podcasts

Follow Bloomberg Podcasts on Twitter

Visit our other YouTube channels:

Bloomberg Television

Bloomberg Originals

For coverage on news, markets and more

#Climate #News #Podcast