Published by Harvard Business School Business & Environment Initiative
Climate Rising is about the impact of climate change on business. It brings business and policy leaders and Harvard Business School faculty together to share insights about what businesses are doing, can do, and should do to confront climate change. It explores the many challenges and opportunities that climate change raises for managers, such as decisions about where they choose to locate, the technologies they develop and use, their strategies with respect to products, marketing, customer engagement, and policy—in other words, the full spectrum of business concerns.
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Transforming the energy system isn’t just a technical challenge - it’s a communication challenge. Leah Qusba, CEO of Good Power, joins Climate Rising to discuss how public perception, political engagement, and storytelling are shaping the pace of the clean energy transition. Good Power operates at the intersection of behavioral science, data, and campaigning, working to accelerate renewable energy adoption and counter misinformation. The conversation explores how permitting bottlenecks, disinformation campaigns, and community resistance are slowing renewable energy deployment—and how targeted communication strategies can overcome these barriers. Leah also discusses the role of peer-to-peer storytelling, the importance of trusted messengers, and how digital media ecosystems influence climate outcomes. The episode also examines Good Power’s expansion into regenerative agriculture, the role of demand creation in scaling sustainable food systems, and how emerging technologies like AI are reshaping climate communication.
Climate adaptation is emerging as one of the most critical—and least understood—challenges in the climate transition. Mekala Krishnan, Partner at the McKinsey Global Institute, joins Climate Rising to discuss McKinsey’s new research assessing adaptation needs, costs, and gaps around the world. The conversation explores why the world is already underinvesting in resilience, and how climate risks are distributed unevenly across geographies and income levels. Mekala explains the concept of the “resiliency gap,” highlighting that billions of people remain under-protected despite the existence of cost-effective solutions. The episode also examines how climate risks will evolve in the coming decades, why adaptation spending needs could rise to over $1 trillion annually, and what barriers—beyond finance—are preventing action. The discussion concludes with insights into how businesses, governments, and financial institutions are beginning to respond, and what it will take to scale adaptation globally.
Wildfires are becoming larger, more destructive, and more expensive every year. But what if the most effective intervention happens not after a fire grows, but within the first few minutes after ignition? Max Brodie, co-founder and CEO of Rain, joins Climate Rising to discuss how autonomous aircraft could transform wildfire response. Rain is developing AI-powered wildfire suppression systems that upgrade helicopters with autonomous capabilities, enabling faster response times and more effective intervention during the critical first minutes of a fire. The conversation explores the economics of wildfire prevention, the role of autonomy in aerial firefighting, the challenges of balancing suppression with ecological fire management, and the growing relationship between wildfire risk and climate change. Max also discusses the broader implications of autonomy, public-private partnerships, and how emerging technologies can accelerate climate adaptation and mitigation.
Artificial intelligence is reshaping how businesses operate — but it is also reshaping how companies think about sustainability. Christina Shim, Chief Sustainability Officer at IBM, joins Climate Rising to discuss how AI, cloud infrastructure, and emerging technologies like quantum computing are transforming corporate sustainability strategies. Drawing on her background across consulting, government, investing, startups, and technology, Christina explains how IBM is redefining sustainability from a compliance function into a core business capability. The conversation explores the “efficiency stack” of AI — from chips and data centers to software models and enterprise applications — and how improvements in efficiency can reduce costs, emissions, and operational waste. Christina also shares examples of how IBM and its partners are applying AI to urban heat islands, sustainable materials discovery, infrastructure maintenance, and enterprise sustainability management. The episode also examines the tension between AI’s growing energy demand and its efficiency gains, the role of “fit-for-purpose” models, and why Christina believes the social and governance implications of AI deserve even more attention than the environmental ones.
Geothermal energy has long been seen as a promising, but challenging, clean energy resource. Unlike wind or solar, geothermal requires finding heat hidden deep underground, often with little surface indication of where to look. Joel Edwards, co-founder and Chief Technology Officer of Zanskar, joins Climate Rising to explain how advances in geoscience, data science, and machine learning are transforming geothermal exploration. By combining publicly available geologic data with modern modeling techniques, Zanskar is working to reduce the risk and cost of finding new geothermal resources. The conversation explores how geothermal systems work, why exploration has historically been challenging, and how Zanskar’s approach is enabling “blind discoveries”—finding viable geothermal resources that lack surface expressions such as hot springs or geysers. Joel also discusses the economics of geothermal, the role of data centers as a potential catalyst for growth, and what it will take to scale the industry.
AI and geospatial technologies are transforming how industries understand and respond to climate challenges. David Potere, Managing Director and Partner at BCG X, joins Climate Rising to describe how sensing, decision-making, and automation are reshaping and decarbonizing sectors like agriculture and energy. The conversation examines how satellite data, AI models, and real-time sensing systems are enabling new levels of transparency—from methane emissions in energy systems to crop yields and wildfire risks. David discusses the concept of “Industry 4.0” in outdoor environments, where deploying technology is significantly more complex than in controlled factory settings. The episode also highlights emerging applications in agriculture, energy infrastructure, and climate resilience, and explores how advances in AI and data systems are lowering barriers to innovation. David reflects on the future of consulting, the democratization of technology, and the growing role of builders in solving climate challenges.
As climate risks intensify, understanding their financial implications is becoming critical for businesses, investors, and homeowners alike. Ed Kearns, Chief Science Officer at First Street, joins Climate Rising to explain how climate data is being translated into actionable financial risk insights. The conversation explores how First Street models physical climate risks—including flooding, wildfire, and extreme weather—and translates them into property-level financial impacts. Ed discusses why traditional tools like FEMA flood maps fall short in a changing climate, and how new approaches combine physics-based modeling with high-resolution data. The episode also examines how climate risk is reshaping real estate markets, insurance systems, and investment decisions, and why transparency is driving a fundamental shift in how risk is priced. Ed reflects on the growing demand for climate risk intelligence and the role of both private markets and public policy in adapting to a warming world.
Patagonia Provisions General Manager Paul Lightfoot joins Climate Rising to discuss why Patagonia expanded beyond apparel into food, and how regenerative organic agriculture is central to its mission of addressing climate change. Patagonia’s food business was built on the belief that agriculture is one of the largest drivers of environmental degradation—and therefore one of the most important opportunities and levers for change. The conversation explores how Patagonia’s early transition to organic cotton shaped its approach and evolution into regenerative organic agriculture. Paul that Patagonia’s focus seeks to encourage regenerative practices that improve soil health, nutrition, and environmental performance. Paul also describes some challenges of building regenerative supply chains, including working directly with farmers, creating demand signals, and managing supply constraints in a fast-growing business. He discusses the role of the Regenerative Organic Certified (ROC) standard in addressing greenwashing and scaling adoption, as well as Patagonia’s broader strategy to influence industry practices—not just gain market share. The episode closes with a discussion of the future of regenerative agriculture, the limitations of policy-driven change, and Patagonia’s belief that market demand and consumer awareness will ultimately drive transformation in the food system.
Alyse Russel, Senior Manager of Global Sustainability Programs at VF Corporation, joins Climate Rising to discuss how one of the world’s largest apparel companies is embedding sustainability across a complex, multi-brand supply chain. VF owns major global brands including Vans, The North Face, and Timberland, and is working to reduce product-related emissions by transforming how key materials are sourced and produced. The conversation explores why raw materials—such as cotton, leather, rubber, and wool—account for the majority of VF’s emissions footprint, and how the company is prioritizing regenerative agriculture to address this challenge. Alyse explains how VF is scaling regenerative cotton, rubber, and wool programs across different geographies, while navigating trade-offs related to cost, verification, and supply chain complexity. The episode also examines how VF collaborates with farmers, NGOs, and researchers to implement regenerative practices, the challenges of measuring outcomes like soil carbon and biodiversity, and the evolving role of traceability and certification in validating sustainability claims. Alyse also reflects on the future of regenerative agriculture in the apparel sector, including the need for better standards, broader environmental metrics beyond carbon, and stronger industry-wide coordination.
Simon Haldrup, founder and CEO of Agreena, joins Climate Rising to discuss how regenerative agriculture can scale beyond early adopters by focusing on farmer economics, data-driven decision-making, and flexible practice “toolboxes” rather than rigid labels. Based on Copenhagen, Agreena combines agriculture, finance and technology to work with 10,000 farmers across 20 countries. The conversation explores why adoption remains challenging despite long-term benefits, including thin margins, short planning horizons, and the risk of yield dips in the initial transition years. Simon also explains how Agreena uses satellite imagery, machine learning, and outcome-based verification to support both carbon credits and carbon insets, and how its two-sided platform aligns farmer incentives with corporate climate commitments. The episode closes with Simon’s perspective on the role of policy, finance, and technology in making regenerative agriculture the “new normal,” and advice for those interested in careers at the intersection of agriculture, climate, and systems thinking.
Indigo Ag is one of the most active companies at the intersection of agriculture, carbon markets, and regenerative agricultural practices. A.J. Kumar, Vice President of Sustainability Sciences at Indigo discusses how the company is working with farmers, food companies, and carbon credit buyers to scale regenerative agriculture and unlock environmental and financial benefits. He explains how Indigo supports farmers with both biological inputs and sustainability incentives—from seed coatings and microbial sprays to data-driven tools and market access for carbon credits. A.J. also outlines the challenges farmers face adopting new practices, how Indigo addresses concerns around additionality and permanence in soil carbon projects, and how advances in AI and remote sensing are changing what’s possible in sustainable agriculture. This episode is a part of our series on Regenerative Agriculture, which includes two prior episodes featuring McKinsey & Company Partner Tom Brennan and our next episode with Agreena CEO & Founder Simon Haldrup. Visit climaterising.org to learn more
Tom Brennan, a partner at McKinsey & Company, joins Climate Rising to unpack what regenerative agriculture means in practice and why it is increasingly central to conversations about climate resilience, farm economics, and food system risk. Drawing on McKinsey’s work with farmers, agribusinesses, and food companies, Tom explains how regenerative agriculture differs from more prescriptive models like organic farming, emphasizing outcomes such as soil health, reduced erosion, and long-term productivity. Across this two-part conversation, Tom explores both the foundations of regenerative agriculture and the challenges of scaling it. He discusses how farmers evaluate new practices through the lens of risk and profitability, why the benefits of regenerative practices often show up most clearly in extreme weather years, and what slows adoption despite growing interest. He also examines the role of food companies, insurers, data, and emerging technologies in lowering barriers to adoption and supporting system-level change.
Tom Brennan, a partner at McKinsey & Company, joins Climate Rising to unpack what regenerative agriculture means in practice and why it is increasingly central to conversations about climate resilience, farm economics, and food system risk. Drawing on McKinsey’s work with farmers, agribusinesses, and food companies, Tom explains how regenerative agriculture differs from more prescriptive models like organic farming, emphasizing outcomes such as soil health, reduced erosion, and long-term productivity. Across this two-part conversation, Tom explores both the foundations of regenerative agriculture and the challenges of scaling it. He discusses how farmers evaluate new practices through the lens of risk and profitability, why the benefits of regenerative practices often show up most clearly in extreme weather years, and what slows adoption despite growing interest. He also examines the role of food companies, insurers, data, and emerging technologies in lowering barriers to adoption and supporting system-level change. Part 1 focuses on defining regenerative agriculture and why it matters for farmers and climate resilience. Part 2 examines the economics, adoption barriers, and what it would take to scale regenerative agriculture across supply chains. This episode is the first in our series on Regenerative Agriculture. We also have guests such as A.J. Kumar from Indigo Ag. Visit climaterising.org to learn more.
Jamey Mulligan, Head of Carbon Neutralization Science and Strategy at Amazon, joins Climate Rising to share how Amazon is tackling its net-zero climate goals, particularly through its engagement in the voluntary carbon market. Jamey explains Amazon’s three-part strategy under the Climate Pledge: emissions measurement, value chain decarbonization, and high-impact carbon mitigation. He describes Amazon’s major clean energy investments, its electric delivery fleet partnership with Rivian, and how it is developing long-term carbon credit procurement strategies. Jamey also walks through Amazon’s approach to addressing the credibility crisis in carbon markets, including its launch of the Abacus carbon credit label in partnership with Verra and other climate experts, and he explains how Amazon is working to improve access to quality carbon credits for its value chain partners. Lastly, Jamey shares his advice for those who are looking to work in the field of carbon neutralization. This is a bonus episode in our series on Voluntary Carbon Markets. Explore more of this series at climaterising.org
In this episode of Climate Rising, Erik Berglöf, Chief Economist at the Asian Infrastructure Investment Bank (AIIB), shares how this relatively young multilateral development bank is helping emerging economies finance climate and nature-based solutions. Erik discusses AIIB’s approach to climate policy—including infrastructure decarbonization, green finance, and biodiversity credits—and offers a behind-the-scenes look at its work with Brazil, including its $1B climate policy loan and support for the landmark Tropical Forest Forever Facility. Erik explains the importance of integrating nature and climate in development finance, the need for finance ministries to lead coordination, and how countries like Brazil are using platforms like Eco Invest to blend public and private capital for nature and resilience projects. This episode is part of our Global South series, which also includes episodes with JSW Steel, Tata Power from India and re.green, a carbon offsetting platform from Brazil. Visit climaterising.org for more.
Marcelo Medeiros, co-founder and CEO of re.green, joins Climate Rising to discuss how his company is restoring millions of hectares of degraded land in Brazil’s Atlantic Forest and Amazon biomes by producing high-quality nature-based carbon removal credits. Marcelo explains how re.green combines data science, forest restoration, and long-term land ownership to deliver durable carbon sequestration—and why they chose a for-profit model to scale impact. He discusses price transparency, quality verification, and how re.green is preparing for a future where compliance carbon markets may accept removal-based offsets from nature-based solutions. Marcelo also shares how winning the Earthshot Prize brought global visibility, how AI is improving ecosystem planning, and how the company works with clients like Microsoft and Telefónica under long-term offtake agreements. This episode is a part of our Global South series. Explore more episodes at climaterising.org.
As bonus episode of Climate Rising, we feature a conversation among Tata Power CEO Dr. Praveer Sinha, Harvard Business School Professor Vikram Gandhi, and HBS Chief Marketing and Communications Officer Brian Kenny that explores how India’s largest private power company is navigating its net-zero commitment while supporting a rapidly growing economy. With energy demand projected to quadruple by 2047, Tata Power has committed to phasing down coal and expanding renewables, distributed generation, and smart grid investments. This conversation, based on the HBS case “Tata Power and India’s Energy Transition” and originally recorded for the HBS Cold Call podcast, explores how Tata Power balances profitability and purpose, the role of technology and grid modernization, and how energy transition in the Global South differs from the Global North. Dr. Sinha also shares insights on employee reskilling, engaging customers as “prosumers,” and why long-term vision is critical to executing a climate-aligned business strategy. This episode is part of Climate Rising’s Global South series, which features companies and organizations at the intersection of business and climate in India and Brazil. Explore more episodes at climaterising.org.
Parth Jindal and Prabodha Acharya of JSW Group join Climate Rising to discuss how one of India’s largest industrial conglomerates is reducing the carbon intensity of its steel business while scaling infrastructure for a fast-growing economy. They share how JSW built vertically integrated operations—from power to cement to ports—through industrial symbiosis, and why energy efficiency, renewable power, and circular practices are at the heart of its decarbonization roadmap. The conversation explores India’s dual challenge: meeting rising domestic steel demand while managing its climate vulnerability. Parth and Prabodha explain JSW’s green investments, hydrogen pilots, carbon capture initiatives, and why cost competitiveness, stakeholder pressure, and industrial policy shape the path forward. This is part of our Global South series, which also features Tata Power and organizations in Brazil at the intersection of business and climate. Explore more episodes at climaterising.org.
Galen Nelson, Chief Climate Officer at the Massachusetts Clean Energy Center (MassCEC) explains how the state is helping accelerate climate innovation through early-stage grants, equity investments, and infrastructure support. Galen outlines how MassCEC targets “market failures” where private investors hesitate—such as pilot and demonstration projects—and how these public investments help attract follow-on capital, inform policy, and build economic resilience. Galen shares examples across climate tech verticals including energy efficiency, carbon-intensive materials like cement, and urban heat resilience. He also discusses how MassCEC is responding to the shifting federal policy landscape, its new authority to fund climate adaptation technologies, and how the agency’s public-private model balances innovation with accountability.
Jonathan Schrag, Deputy Climate Chief for the Commonwealth of Massachusetts, joins Climate Rising to discuss how the state is tackling emissions, electrifying infrastructure, and responding to a shifting federal policy landscape. Jonathan shares how Massachusetts’ newly created Climate Office coordinates across agencies—from housing to public health to corrections—to embed climate action into all corners of state government. He discusses the state’s emissions targets, the role of local municipalities in building codes and EV infrastructure, and the growing headwinds from federal rollbacks, tariffs, and canceled clean energy grants. He also reflects on market uncertainty, offshore wind, geothermal pilots, and the promise of small modular nuclear reactors.
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