Cleaning Up: Leadership in an Age of Climate Change

More than 80% of the world’s advanced AI compute is concentrated in the US and China. For Europe and other middle powers, the question may no longer be how to win the AI race, but how to avoid becoming dangerously dependent on those that do. This week on Cleaning Up, James Cameron, Chair of Cleaning Up’s Editorial Council, takes over as guest host. He speaks with Sam Winter-Levy, Senior Fellow at the Carnegie Endowment for International Peace, and Afonso Salema, CEO of Exus Digital and founder of TerraByte Data Centers, about how compute is becoming a strategic resource. They explore how access to power and the grid is shaping where billions of dollars of AI infrastructure gets built, and how data centres could become a source of geopolitical leverage. They also discuss the security and public backlash facing this critical infrastructure, and whether AI’s enormous appetite for electricity could ultimately accelerate the clean energy transition. Topics covered in this episode: Compute as a strategic resource The US-China race for AI Why Europe is falling behind AI’s rapidly growing electricity demand Where the world builds data centres Protecting data centres from attack Weaponising chips and AI access The political backlash against data centres Can AI accelerate clean energy? Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Climate Imperative Foundation, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, EcoPragma Capital, EDP, Eurelectric, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information on the Leadership Circle, please visit cleaningup.live. Links: Afonso Salema’s bio: https://www.linkedin.com/in/afonso-salema-336320/ Sam Winter-Levy’s bio: https://carnegieendowment.org/people/sam-winter-levy James Cameron’s bio: https://www.james-cameron.co.uk/bio Cleaning Up 235. Inside Start Campus, Europe’s largest data centre: https://youtu.be/juAyLAUmU3w James Cameron on Cleaning Up in 2020: https://www.youtube.com/watch?v=qn7GKiW5E4k James Cameron on Cleaning Up in 2025: https://www.youtube.com/watch?v=UPPjAbSxl5c Subscribe to our newsletter: https://cleaninguppod.substack.com/ The Stanford 2026 AI index: https://hai.stanford.edu/ai-index/2026-ai-index-report Edelman Trust in AI poll: https://www.edelman.com/trust/2025/trust-barometer/report-tech-sector Acronyms: AWS: Amazon Web Services NIMBY: "Not In My Back Yard" Chapters: 00:00 Introduction 02:02 AI, security, geopolitics 05:01 Compute as power 11:34 The global AI race 14:07 Building data centres 18:02 Defending critical infrastructure 23:53 Who pays for security? 29:24 Designing for resilience 32:48 Weaponising AI access 40:02 Data centre backlash 49:56 The balance of power 54:09 Can Europe catch up? 59:43 AI and clean energy 01:04:01 Outro

Can Mexico build an electric car for $8,000, and use it to create an entirely new domestic industry? This week on Cleaning Up, Bryony Worthington visits Mexico City to sit down with Roberto Capuano, director of the Olinia Project, and discuss the state-backed effort to develop a new generation of affordable electric mini-vehicles. Roberto explains why Olinia is designing small EVs specifically around the needs of Mexican cities, how partnerships with Chinese suppliers could accelerate technology transfer, and why price rather than subsidies could ultimately drive EV adoption. They also discuss Mexico's ambitions beyond its domestic market, with potential demand across Latin America and even East Africa. Topics discussed in this episode: Why Mexico wants its own carmaker Electrifying Mexico City's public transport The rise of electric mini-cars Building an $8,000 Mexican EV Why Olinia is partnering with China The state's role in carmaking Building a Latin American EV market Can Olinia deliver by 2027? Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Climate Imperative Foundation, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, EcoPragma Capital, EDP, Eurelectric, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information on the Leadership Circle, please visit cleaningup.live. Links: Roberto Capuano’s bio: https://www.linkedin.com/in/roberto-capuano/ Olinia Project: https://www.olinia.auto/ Subscribe to our newsletter: https://cleaninguppod.substack.com/ OEM: Original Equipment Manufacturer BRT: Bus Rapid Transit R&D: Research & Development ICE: Internal Combustion Engine Chapters: 00:00 Intro 02:15 Electrifying Mexico City 10:33 Olinia's Origins 11:58 Mini Electric Cars 18:48 Made in Mexico 21:25 State-Led Industry 30:33 Chinese Supply Chains 36:31 The $8,000 EV 40:01 Charging Infrastructure 42:54 Global Ambitions 45:43 Scaling Olinia 48:40 Software and Autonomy 50:01 Political Longevity 55:31 Outro

Can the Philippines become a testbed for Southeast Asia’s clean-tech future? Kicking off Season 19 of Cleaning Up, guest host Marie Cheong meets Jaime Z. Urquijo, Urban Estates Group Head at Ayala Land, one of the Philippines is largest real estate and development companies. Ayala Land is a subsidiary of the Ayala Corporation, which has been part of the Philippines' economic story for almost 200 years, and ACEN, its energy platform, has gone from a standing start in 2011 to more than 7GW of renewable capacity across Asia-Pacific. Marie and Jaime explore how the Philippines can build cleaner energy, transport and cities from the start while its economy and population continue to grow. They discuss replacing coal with renewables, retiring coal plants early, building resilient cities and making growth less carbon-intensive. From batteries and rooftop solar to green steel and electric buses, they ask what it will take for the Philippines to leapfrog to a cleaner, more resilient economy. Topics covered in this conversation: The Philippines' clean-energy challenge Can growth be decoupled from emissions? Making corporate sustainability profitable ACEN's renewable-energy transformation Southeast Asia's renewable-energy gold rush Can coal plants retire early? Building resilient cities for climate Electric buses and better transport Green steel and cleaner construction Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, EcoPragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links: Jaime Urquijo’s bio: https://www.linkedin.com/in/jaime-urquijo-96526799/ Ayala Corporation: https://ayala.com/ Ayala Land: https://ayalaland.com/ ACEN: https://www.acenrenewables.com/about-us/ Monsoon Wind Project: https://www.monsoonwindasia.com/ Marie's past appearance on Cleaning Up: https://youtu.be/RE2ZeGd8aaI Acronyms: WBCSD: World Business Council for Sustainable Development BPO: Business Process Outsourcing SBTI: Science Based Targets Initiative. MDC: Makati Development Corporation. EDC: The Energy Development Corporation EPIRA: Electric Power Industry Reform Act FIT: Feed-In Tariff ETM: Energy Transition Mechanism BRT: Bus Rapid Transit System ICE: Internal Combustion Engine LGU: Local Government Unit Chapters: 00:00: Intro 04:34: The Philippines 07:49: Ayala's history 10:42: Sustainability strategy 16:16: Net zero 27:32: Energy liberalisation 34:09: Regional challenges 36:27: Coal retirement 42:07: Resilient cities 47:45: Green steel 52:14: Green construction 54:55: Innovation tailwinds 58:27: Energy decentralisation 59:07: Future growth 01:01:43: Outro

Australia has become a laboratory for the energy transition, what can the rest of the world learn? After two weeks travelling across Australia and meeting the leaders shaping its energy transition, Michael Liebreich got a close up view of the country’s transformation. For the final episode of Cleaning Up’s Deep Dive Australia series, the host becomes the guest as Anna Freeman of the Energy Efficiency Council turns the tables and puts Michael in the hot seat to ask him what he has learned. Michael divides his takeaways into the good, the less good and the “downright ugly”, from Australia’s extraordinary rooftop solar and battery uptake to its struggles with wind, transmission and diesel. He also asks whether the country really can become a clean energy superpower, and what its successes and failures can teach the rest of the world. Topics covered in this episode: Australia’s rooftop solar advantage Why batteries are beating gas The missing middle of electrification Can transmission keep up? Australia’s expensive wind problem The China challenge Breaking the diesel addiction Why EVs may be finally taking off Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, EcoPragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Australia Deep Dive Episodes: Darren Miller: https://www.youtube.com/watch?v=iBhkBTZ9lSI&t=2s Chris Bowen: https://www.youtube.com/watch?v=OYtapcSdZOo&t=132s Marc England https://www.youtube.com/watch?v=1tKVSJcS_SI&t=2s Lily D'Ambrosio https://www.youtube.com/watch?v=IVGL9vVTdeY Ross Garnaut: https://www.youtube.com/watch?v=Bmcm2M5eRxk&t=35s David Pocock: https://www.youtube.com/watch?v=Sgbq5r3XTJY Paul Simshauser: https://www.youtube.com/watch?v=jZKxb2TnD04 Martin Green: https://www.youtube.com/watch?v=pgqXnnvlMFg Links: Anna Freeman’s bio: https://www.linkedin.com/in/annafreeman1/ The Energy Efficiency Council: https://eec.org.au Subscribe to our newsletter: https://cleaninguppod.substack.com/ Stats on Seaborne Trade of diesel: https://ieefa.org/resources/oil-shocks-expose-limits-monetary-policy John Pettigrew on Cleaning Up: https://www.youtube.com/watch?v=S7Lg1A958aA&t=5s Tim Meyerjürgens on Cleaning Up: https://www.youtube.com/watch?v=PQgUuJ-dx78&t=16s Leo Birnbaum on Cleaning Up: https://www.youtube.com/watch?v=pa-DHuPNEDg Andrew Forrest on Cleaning Up: https://www.youtube.com/watch?v=KYQmEipY5Wc Acronyms: IRENA: International Renewable Energy Agency EMA: Energy Market Operator DNSP: Distribution Network Service Provider REZ: Renewable Energy Zones AEMO: Australian Energy Market Operator Chapters: 00:00: Intro 05:45: Solar Adoption 10:25: Big Batteries 13:41: The Missing Middle 19:26: Transmission Grids 21:35: Australia’s Wind Problem 32:43: China’s Superpower 40:53: The Diesel Addiction 45:24: EV Adoption 52:58 Lack Of Transparency 56:19 Michael’s Highlights 01:14:00: Outro

Around the world, factories making food, drink, pharmaceuticals and other everyday products rely on steam, often produced by fossil-fuel boilers. James Macnaghten, founder and CEO of Caldera, is betting that thermal batteries can provide a cheaper and more flexible alternative that stores electricity as heat, and delivers steam on demand. This week on Cleaning Up, Bryony Worthington visits Caldera's factory to see how it makes its heat batteries: combining recycled aluminium and iron ore pellets to create a long-lasting, efficient heat store. The technology is designed for industrial processes up to 200°C, which James sees as a major opportunity for electrification. They discuss how thermal storage can help factories manage peaks in demand, use electricity when it is cheap or abundant, and reduce pressure on congested grids. They also explore Caldera's plans to scale, its journey from domestic heating to industry, and why James believes a more pragmatic approach to electrification is needed. Topics discussed in this episode: The hidden opportunity in industrial heat How Caldera's heat batteries work Why steam still matters Heat pumps and thermal storage Managing industrial demand spikes Turning surplus power into heat Scaling a UK climate-tech company The case for pragmatic electrification Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, EcoPragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links: James Macnaghten’s bio: https://www.linkedin.com/in/james-macnaghten Caldera: https://www.caldera.co.uk/ Professor Ning Li on Cleaning Up: https://www.youtube.com/watch?v=xCUASv01bVY Subscribe to our newsletter: https://cleaninguppod.substack.com/ JVs - Joint Ventures IP - Intellectual Property Chapters: 00:00: Intro 01:53: About Caldera Batteries 03:42: Heat Storage 09:47: Caldera Factory Tour 14:40: Funding Caldera 17:44: Scaling Up 25:37: Thermal Storage 29:02: Energy Price Shocks 30:27: Flexible Demand 35:22: UK Success Story 37:32: Outro

Solar was once dismissed as a marginal technology. Today, it is transforming the global energy system, and few people have done more to make that possible than Professor Martin Green. Innovations developed by Green and his research group can now be found in over 90% of all the solar panels in use today One of the pioneers of modern solar power, Green’s research has helped make solar panels dramatically more efficient and cheaper to produce. He joins Michael Liebreich to discuss how he got into solar, the breakthroughs that helped drive its extraordinary rise, and the remarkable story of how research carried out at an Australian university helped create the global solar manufacturing industry. They also look at where solar goes next, and whether the next generation of technology can make it even more powerful. Topics discussed in this episode The breakthroughs that changed solar Understanding solar cells and efficiency Racing NASA to new efficiency records Pioneering PERC and TOPCon technology How solar technology reached the market Suntech and the rise of Chinese solar The future of solar and batteries Which solar technology will dominate? Leadership Circle Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, EcoPragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links Martin Green bio: https://www.unsw.edu.au/staff/martin-green Australian Centre for Advanced Photovoltaics: https://www.acap.org.au/ Professor Stephen Chu on Cleaning Up: https://www.youtube.com/watch?v=SPmgA5cjhfk NREL National Renewable Energy Lab chart: https://www.nlr.gov/pv/interactive-cell-efficiency Subscribe to our newsletter: cleaninguppod.substack.com Acronyms: PERC - Passivated Emitter and Rear Cell TOPCon - Tunnel Oxide Passivated Contact NREL - National Renewable Energy Laboratory Chapters 00:00 - Intro 02:14 - UNSW Research Group 10:25 - Innovations in Solar 13:12 - PERC & TOPCon Explained 19:26 - Efficiency Records & NREL Chart 23:48 - Birth of Chinese Solar 30:21 - The First Solar Billionaire 36:23 - Perovskite and Tandem Cells 48:12 - Australia's Missed Chance 50:13 - Outro

Will AI break the grid? As hyperscalers race to build ever-larger data centres, electricity demand is soaring. The question is no longer whether power demand will grow, but by how much, how quickly, and whether the grid can deliver. This week, Michael Liebreich is joined by Arshad Mansoor, President & CEO of the Electric Power Research Institute (EPRI), one of the world's leading energy research organisations. Together, they tackle one of the biggest questions facing the global energy system: how much electricity will AI really need, and can our power systems keep up? They debate the scale of AI-driven demand growth, whether the extraordinary investment by hyperscalers is justified, and how greater flexibility could allow data centres to connect faster without overwhelming the grid. They also discuss the growing public backlash against AI infrastructure, why winning local support may become the industry's biggest challenge, and whether nuclear power is truly the "get out of jail free card" many believe it to be or simply one part of a much bigger solution. Topics included in this episode: The race to power AI data centres Hyperscalers' trillion-dollar AI investment Can electricity grids keep pace with AI's rapid growth? Gigawatt demand forecasts Making data centres more flexible Public acceptance and the growing backlash against AI Nuclear power's role in the AI era What governments, utilities and investors should do next Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, EcoPragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links: Arshad Mansoor’s bio: https://www.linkedin.com/in/arshad-mansoor-a2090b165/ EPRI, Electric Power Research Institute: https://www.epri.com/ Jigar Shah on Cleaning Up: https://www.youtube.com/watch?v=PCOaF-qQ_TU Varun Sivaram & Steve Smith on Cleaning Up: https://www.youtube.com/watch?v=4kSrgRZUCwE Rob Dunn on Cleaning Up: https://www.youtube.com/watch?v=juAyLAUmU3w&t=2s Subscribe to our newsletter: https://cleaninguppod.substack.com/ Papers referenced : DC Flex Mosaic: https://dcflex.epri.com/flex-mosaic/open-letter Win Win Watts: https://winwin.epri.com/en/introduction.html Make Electricity Cheap Again: https://mliebreich.substack.com/p/make-electricity-cheap-again Acronyms: GPU: Graphics Processing Unit IPO: Initial Public Offering NESO: National Energy Systems Operator HVO: Hydrogenated Vegetable Oil SMR: Small Modular Reactor Chapters: 00:00 Intro 02:29 About EPRI 06:08 AI Power Demand 10:45 Gigawatt Debate 17:19 Hyperscaler Risk 26:15 Compute In Households 31:24 24/7 Data Power 38:28 Public Acceptance 41:39 Fear Of AI 49:39 A Nuclear Solution? 58:38 24/7 Reliable Power 01:08:00 Final Thoughts

Australia has one of the world's fastest-moving electricity systems. It leads the world in rooftop solar, has deployed grid-scale batteries at extraordinary speed, and is now starting to replace its ageing coal fleet with cleaner sources of energy. But as renewable costs rise and electricity demand grows, can the transition remain affordable while maintaining a reliable power system? This week on Cleaning Up, Michael Liebreich is joined by Paul Simshauser, CEO of Iberdrola Australia, and one of Australia's leading energy economists. Drawing on decades of experience across electricity markets, networks and policy, Paul explains what makes Australia's power system unique, and what the rest of the world can learn from it. They discuss why rooftop solar has become so successful in Australia, how batteries are transforming electricity markets, and how the country's energy-only market encourages investment. They also explore the economics of replacing ageing coal plants, the costs of new renewable generation, the role of electricity pricing and demand tariffs, and what will be needed to build a resilient, affordable power system as Australia moves towards net zero. Topics discussed in this episode: The rooftop solar revolution How batteries are reshaping the grid Why solar is cheaper in Australia than elsewhere The challenges of retiring coal Whether renewables can stay affordable Building a resilient power system Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, EcoPragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links : Paul Simshauser’s bio: https://www.linkedin.com/in/paul-simshauser-00106713/ Iberdrola Australia: https://www.iberdrola.com.au Link to Paul’s articles: https://experts.griffith.edu.au/18942-paul-simshauser/publications Malcolm Turnbull on Cleaning Up https://www.youtube.com/watch?v=t9CUGRHCswU&t=5s Marc England on Cleaning Up https://www.youtube.com/watch?v=1tKVSJcS_SI Darren Miller on Cleaning Up https://www.youtube.com/watch?v=iBhkBTZ9lSI&t=2s Tony Abbott on Cleaning Up https://www.youtube.com/watch?v=_39HmAgq9RY&t=1s Subscribe to our newsletter: https://cleaninguppod.substack.com/ Acronyms : STC: Small-scale Technology Certificates CFD: Contract For Difference PPAs: Power Purchase Agreements IBGYBG: “I'll be gone, you'll be gone.” OEM: Original Equipment Manufacturer AEMO: Australian Electricity Market Operator LNG: Liquefied Natural Gas Chapters : 00:00 - Intro 02:28 - Paul's Background 04:07 - Iberdrola Australia 06:42 - Australia's Power System 09:15 - Battery Revolution 12:36 - Energy-Only Market 14:35 - Why Solar Succeeds 18:21 - Commercial Solar Challenge 24:30 - Ageing Coal Fleet 28:49 - Carbon Markets & Pricing 35:00 - Renewable Costs 39:18 - Future Demand 42:45 - Grid Resilience 48:00 - Outro

Microbes rarely feature in discussions about climate change, yet they play a central role in regulating greenhouse gases through the Earth's carbon, methane and nitrogen cycles. As the climate changes, understanding these natural processes is becoming increasingly important to develop new approaches to clean energy, agriculture and emissions reduction. This week on Cleaning Up, Bryony Worthington speaks with Professor Emeritus David Kirchman of the University of Delaware, one of the world's leading microbial ecologists and author of 'Microbes: the Unseen Agents of Climate Change.' They explore how microbes drive the carbon, methane and nitrogen cycles, how climate change is reshaping ecosystems from permafrost to coral reefs, and how microbial science could help tackle the climate crisis, from microbial fuel cells and lower-emissions agriculture to biofuels, methane reduction and even emerging forms of carbon removal and geoengineering Topics covered in this episode: The microbes shaping Earth's climate Ocean carbon cycle Methane-eating microbes Arctic warming impacts Coral reefs and climate resilience Low-carbon agriculture Microbes powering climate solutions Climate interventions Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, EcoPragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links: David Kirchman’s bio: https://www.linkedin.com/in/david-kirchman-5925b331/ David’s book: Microbes, the Unseen Agents of Climate Change: https://www.amazon.co.uk/Microbes-Unseen-Agents-Climate-Change/dp/019768856X Merlin Sheldrake on Cleaning Up: https://www.youtube.com/watch?v=YC-9ulSTnB4 Sea ice melting effect on microbes article: https://www.nature.com/articles/s41598-024-77821-9 Background on James Lovelock's Gaia Hypothesis: https://courses.seas.harvard.edu/climate/eli/Courses/EPS281r/Sources/Gaia/Gaia-hypothesis-wikipedia.pdf DMS: Dimethyl Sulphide Subscribe to our newsletter: https://cleaninguppod.substack.com/ Chapters: 00:00 - Intro 00:45 - About David Kirchman 05:50 - What Are Microbes? 15:29 - Climate Cycles & Carbon 23:04 - Methane Microbes 29:01 - Climate Change 34:41 - Coral Reefs 41:02 - Microbe Climate Solutions 50:10 - Climate Engineering 01:00:28 - Outro

David Pocock is one of Australia's most influential politicians, working as the Senator of the Australian Capital Territory. He brings a distinctive perspective to some of the country's biggest debates, from climate policy and energy security to democratic reform and the future of work. A former captain of the Australian rugby team, David entered politics after years of speaking out on issues including climate change, equality and environmental protection. Four years into his Senate career, he joins Michael Liebreich to explain how independent politics works in practice, what he's hearing from voters across Australia, his campaign to tax natural gas exports, and why he believes the country's clean energy transition must deliver lower household bills as well as lower emissions. The conversation explores Australia's world-leading rooftop solar uptake, the barriers slowing electric vehicle adoption, and why David believes Australians deserve a greater return from the country's gas exports. They also look ahead to the rise of AI and data centres, asking whether governments are paying enough attention to the implications for jobs, tax revenues and energy demand. Topics covered in this week's episode: David’s journey from rugby player to Senator Australian voters' priorities Lowering household energy bills Australia's clean energy successes Why EV adoption lags Taxing Australia's gas exports Data centres and energy demand AI concerns and the future of work Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, EcoPragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links: David Pocock’s bio: https://www.davidpocock.com.au/about David Pocock “Chains himself to digger” news article: https://www.bbc.co.uk/sport/rugby-union/30272670 Aksel Lund Svindal on Cleaning Up: https://www.youtube.com/watch?v=cRc1VCBnVgI Alex Honnold on Cleaning Up: https://www.youtube.com/watch?v=MwmQf0mhHkE Prince Albert of Monaco on Cleaning Up: https://www.youtube.com/watch?v=p-eYHKpDBYU Håkan Agnevall (Wärtsilä) on Cleaning Up: https://www.youtube.com/watch?v=dUYjGT55g5A Subscribe to our newsletter: https://cleaninguppod.substack.com/ Acronyms: C&I: Commercial and Industrial ICE: Internal Combustion Engine ACT: Australian Capital Territory Chapters: 00:00 Intro 01:48 From Rugby to Politics 11:46 Getting Arrested For Activism 16:35 What Voters Want 20:34 Rising Voter Frustration 26:16 Australia's Energy Report 28:57 Why EVs Lag Behind 31:19 Taxing Gas Exports 36:09 Data Centre Dilemma 39:46 AI vs Human Jobs 44:47 Delivering Real Results 49:44 Outro

The UK is heavily exposed to global energy markets and has some of the highest electricity prices in Europe. At the same time, vast amounts of heat generated across industry and infrastructure go unused. Whether it should be called "waste" is a matter of debate, but could making better use of the energy we already produce be one of the biggest untapped opportunities in the energy transition? This week, Michael Liebreich is joined by Jonathan Maxwell, founder and CEO of SDCL, a specialist investment firm focused on energy efficiency. They explore why energy efficiency should be treated as a strategic resource, why “waste” heat could become one of Europe's most overlooked energy resources, and how Europe and the UK can strengthen its energy resilience following renewed tensions in the Strait of Hormuz. They discuss the economics of gas versus electricity, the rapid growth of AI-driven data centres and their power requirements, and how long-term infrastructure investment can help build a more resilient, affordable and efficient energy system. Topics covered in this episode: The Strait of Hormuz and Europe's energy security The UK's energy system and the cost of electrification Gas versus electricity pricing Debating “waste” heat and energy efficiency AI, data centres and growing power demand Powering and cooling next-generation infrastructure Infrastructure investment and portfolio management Europe's energy transition beyond the AI boom Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, EcoPragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links : Jonathan Maxwell’s bio: https://www.linkedin.com/in/jonathan-maxwell-a121a533/ Jonathan on Cleaning Up 2024: https://www.youtube.com/watch?v=vN2YWPqBPHk Jonathan on Cleaning Up 2023: https://www.youtube.com/watch?v=1OTbyOxYUpg Jonathan on Cleaning Up 2020: https://www.youtube.com/watch?v=Wqrtr2lePM8 Jonathan’s substack: https://jonathanmaxwell.substack.com/ The Edge by Jonathan Maxwell: https://the-edge-book.com/product/the-edge-by-jonathan-maxwell/ SDCL: https://www.sdclgroup.com/ Ed Conway on Cleaning Up: https://www.youtube.com/watch?v=VhvEExdYeEU Robert Dunn on Cleaning Up: https://www.youtube.com/watch?v=juAyLAUmU3w Subscribe to our newsletter: https://cleaninguppod.substack.com/ Acronyms: LNG: Liquified Natural Gas JCPOA: Joint and Comprehensive Plan of Action CHP: Combined Heat and Power PUE: Power Usage Effectiveness CCHP: Combined Cooling Heat and Power EBITDA: Earnings before interest, taxes, depreciation, and amortisation Chapters : 00:00 - Europe's Energy Security 05:11 - Strait of Hormuz Impact 15:39 - Electrifying the UK 23:14 - Gas vs Electricity 28:56 - Waste Heat Debate 32:14 - Powering Data Centres 42:20 - AI Investment 46:42 - Cooling Data Centres 52:16 - Managing Energy Assets 01:06:47 - Outro

Across huge swathes of the global economy, clean solutions are already cheaper than their fossil alternatives, and so a carbon price isn’t needed. But in other sections of the economy, the costs of green tech are higher, and so carbon pricing will be needed to make them cost competitive. But what should that price be, and how can it be successfully implemented? This week on Cleaning Up, Michael Liebreich is joined by Professor Ross Garnaut, a towering figure in the debate about how to implement carbon pricing, and founder of the Superpower Institute. Having advised successive Australian governments on climate policy since 2007, Ross makes the case for how Australia can export green iron, ammonia, and carbon-based fuels to industrialised economies that don't have the land or renewable resources to decarbonise on their own. They discuss the political history behind Australia's stop-start carbon pricing, the debate over whether green hydrogen can ever get cheap enough to make the superpower vision work, and how First Nations communities are shaping decisions about the land at the centre of it. They also explore the tension between protectionism and genuine security concerns over Chinese supply chains, and whether China's undervalued currency is really what's holding back Australia's competitiveness. Topics covered in this episode: Australian climate policy under different Prime Ministers Australia as a low-carbon superpower Exporting molecules vs exporting electricity First Nations involvement in land use The green hydrogen cost debate Protectionism vs. security concerns Pinning down an actual carbon price Trade imbalances and exchange rates Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, Ecopragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live. Links: Watch our full Deep Dive Australia Series: https://youtube.com/playlist?list=PLc8cNKXCII70&si=GmXz-zQe3yK42V3o Ross Garnaut’s bio: https://www.rossgarnaut.com.au/ Malcolm Turnbull on Cleaning Up: https://www.youtube.com/watch?v=t9CUGRHCswU Tony Abbott on Cleaning Up: https://www.youtube.com/watch?v=_39HmAgq9RY The Superpower Institute: https://www.superpowerinstitute.com.au/ The SuperPower Institute reports: https://www.superpowerinstitute.com.au/work?type=report Ross' book — Superpower: Australia's Low-Carbon Opportunity by Ross Garnaut: https://www.blackincbooks.com.au/books/superpower

At the beginning of 2022, Europe was sourcing around 40% of its gas from Russia. By the end of this year, no more gas should be flowing from Russia into Europe. Much of that shortfall has been replaced by production from the vast oil and gas fields of Norway's North Sea continental shelf. And this year, the closure of the Strait of Hormuz again highlighted the importance of Norway to Europe's resilience. But how does one of the world's largest oil and gas producers balance energy security with the race to net zero? This week, Michael Liebreich is joined by Anders Opedal, CEO of Equinor, Norway's state-backed energy company. Having spent almost three decades at the company, Anders discusses Equinor's strategy for producing lower-emissions oil and gas while investing heavily in offshore wind, carbon capture and storage, and the technologies needed for the energy transition. They also explore the impact of fugitive methane emissions, the realities of carbon capture, the economics of offshore wind, and why Norway believes it can continue supplying oil and gas for decades to come. Topics covered: How Russia disrupted European gas supplies Meeting Europe's gas demand The Strait of Hormuz and energy prices Tax, financing and investment Equinor's partnership with Shell Carbon capture and storage (CCS) Can the UK replicate Norway's success? Offshore wind development Reducing methane emissions and gas flaring Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, Ecopragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links: Anders Opedal’s LinkedIn: https://www.linkedin.com/in/andersopedalequinor/ Equinor: https://www.equinor.com/ Northern Lights project: https://www.equinor.com/energy/northern-lights Sign up to our newsletter: cleaninguppod.substack.com Amber Rudd on Cleaning Up: https://www.youtube.com/watch?v=MZOokwqLaRc Ben van Beurden on Cleaning Up: https://www.youtube.com/watch?v=jImWveH7Xn0 Michael Lewis on Cleaning Up: https://www.youtube.com/watch?v=DOD-f6uSPgc Acronyms: TTF: Title Transfer Facility BTU: British Thermal Units FID: Final Investment Decision CCS: Carbon Capture and Storage OGCI: Oil and Gas Climate Initiative OGDC: Oil and Gas Decarbonisation Charter

Victoria is undertaking one of Australia's most ambitious electricity transitions. The state is aiming for 65% renewable electricity by 2030 and 95% by 2035, replacing ageing coal-fired power stations with renewable electricity, batteries and offshore wind while keeping the lights on and consumers' bills down. This week on Cleaning Up’s Deep Dive Australia, Michael Liebreich is joined by Lily D'Ambrosio, Victoria's Minister for Climate Action, Energy and the State Electricity Commission, who has overseen the state's energy transition for more than a decade. Together Minister D’Ambrosio and Michael examine the policies driving the transition, from renewable energy auctions and large-scale batteries, to offshore wind and transmission planning. Michael also challenges the Minister on some of the most controversial aspects of Victoria's strategy, including unpublished modelling, coal closure agreements, and the politics of moving households away from gas. Topics : Victoria's energy transition and the role of state governments Replacing coal with renewables Batteries, electricity markets and falling wholesale prices Coal plant closures and investor certainty Transparency, modelling and political accountability Transmission, community opposition and Renewable Energy Zones Offshore wind and the future generation mix Gas, household electrification and cost of living Leadership, public confidence and delivering the transition Leadership Circle : Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, Ecopragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links : Lily D’Ambrosio’s bio: https://www.victorianchamber.com.au/profile/lily-dambrosio Sign up to our newsletter: https://cleaninguppod.substack.com EnergyAustralia: https://www.energyaustralia.com.au/ AGL: https://www.agl.com.au/ VicGrid: https://www.vicgrid.com.au/ Western Renewable Link: https://www.westernrenewableslink.com.au/ Offshore wind: https://www.energy.vic.gov.au/renewable-energy/offshore-wind-energy/offshore-wind-energy-victoria Gas substitution roadmap: https://www.energy.vic.gov.au/renewable-energy/victorias-gas-substitution-roadmap Open Electricity: https://openelectricity.org.au/ Acronyms : CSIRO: Commonwealth Science and Industrial Research Organisation

China transformed solar from one of the world's most expensive energy technologies into the cheapest source of electricity in just a couple of decades. And now it’s doing the same with batteries, with prices plummeting around the world. This week on Cleaning Up, Bryony Worthington is joined by Alex Shoer, Managing Director of GridVest, who spent almost a decade building renewable energy businesses in China before bringing those lessons back to the United States. They discuss the lessons behind China's clean energy success, the evolution of solar subsidies, and why battery storage is becoming essential for everything from renewable energy to AI data centres. They explore whether collaboration rather than competition will shape the next phase of the global energy transition, and in which technologies the U.S. still holds a competitive advantage. Topics covered: China's blueprint for scaling clean energy The impact of ending solar subsidies Why batteries are becoming more valuable than solar alone Can AI and data centres accelerate the battery boom? Ford, CATL and the future of global partnerships Competing vs partnering with China Financing the next generation of energy infrastructure The future of battery tech and U.S. innovation Leadership Circle Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, Ecopragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links Alex Shoer’s bio: Alex Shoer Sign up to our newsletter: cleaninguppod.substack.com GridVest: https://gridvest.com/ Seeder Clean Energy: https://seederenergy.com/ Acronyms RE100: Renewable Energy 100% Commitment PPA: Power Purchase Agreement S-REC: Solar Renewable Energy Credits I-REC: International Renewable Energy Certificate IRR: Internal Rate of Return ITC: Investment Tax Credit FEOC: Foreign Entity Of Concern CPUC: California Public Utility Commission NMC: Nickel Manganese Cobalt LFP: Lithium Iron Phosphate AHJ: Authorities Having Jurisdiction

Australia's electricity networks are entering a new era. As rooftop solar, battery storage and electric vehicles demand reshape the grid, the role of distribution networks is changing from simply delivering electricity to actively enabling a smarter, more resilient and affordable energy system. For the third episode of our Deep Dive Australia series, Michael sits down with Marc England, CEO of Ausgrid, one of Australia's largest electricity distribution businesses, to explore what that transformation looks like in practice. Ausgrid is responsible for supplying electricity to millions of customers across Sydney, the Central Coast and the Hunter Region in New South Wales. Marc reflects on how networks have to become intelligent, flexible and community-focused while balancing commercial realities with public service. He shares how distribution companies like his are adapting to an increasingly decentralised electricity system, where balancing reliability, affordability and customer expectations has never been more complex. From the growing role of battery storage and managing unpredictable energy flows, to supporting the rapid rise of data centres and preparing for extreme weather events, he explains why networks will play a critical role in delivering a successful net zero future. Also, Michael travels inside the electricity tunnels beneath Sydney, to see how Ausgrid has built a resilient electricity system for Australia’s financial capital. Topics Include: The evolving role of electricity distribution networks Balancing commercial success with community responsibility Battery storage and building a more flexible grid Managing the rise of rooftop solar and distributed energy resources Preparing for growing electricity demand and data centres Building resilience for extreme weather and changing energy patterns Leading innovation through Australia's energy transition Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, Ecopragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links: Watch our full Deep Dive Australia Series: https://youtube.com/playlist?list=PLc8cNKXCII70&si=GmXz-zQe3yK42V3o Sign up to our newsletter: cleaninguppod.substack.com Marc England’s bio: https://www.linkedin.com/in/marc-england-9147711/ Ausgrid: https://www.ausgrid.com.au/ Transgrid: https://www.transgrid.com.au/ PLUS ES: https://www.pluses.com.au/ John Pettigrew on Cleaning Up: https://www.youtube.com/watch?v=S7Lg1A958aA Tim Meyerjürgens on Cleaning Up: https://www.youtube.com/watch?v=PQgUuJ-dx78 Acronyms: SES - State Emergency Service CBD - Central Business District DNSP - Distribution Network Service Provider C&I - Commercial & Industrial AEMO - the Australian Energy Market Operator CIS - Capacity Investment Scheme

South and Southeast Asia face a different challenge to many developed economies. As the regions continue to grow, so too does demand for energy, transport and industry. The question is whether that growth can be powered by cleaner technologies from the start. In the second of our episodes recorded from Singapore, Michael meets Marie Cheong, founding partner at 100x100, a climate tech venture builder and VC for South and Southeast Asia. Previously, Marie co-founded WaveMaker Impact, where she helped launch climate startups addressing some of the region's biggest opportunities for decarbonisation. Marie explains why climate innovation in emerging South Asian markets requires a different approach. They discuss investing across the region, growing energy demand, using AI to decarbonise manufacturing, and why there are no "silver bullet" solutions to climate change. Marie also takes Michael to the People Bee Hoon noodle factory, which makes rice vermicelli noodles to see how Desmond Goh, the factory’s director is using AI to improve his operations. Michael meets to Desmond and Muun AI founder Kathryn Knight about how better use of data can help cut emissions and waste. And at the end of the episode, a very special announcement… stay tuned. Topics Include Building climate startups across South and Southeast Asia Why climate investing needs more than "silver bullet" technologies The biggest opportunities for climate innovation in emerging Asian markets Solving regional pain points as the key to success Can Southeast Asia grow without burning more coal? Investing in emerging markets and navigating regional diversity How AI can help manufacturers cut emissions, costs and energy use The next generation of climate technology in Asia Leadership Circle Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, Ecopragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links Marie Cheong's bio: https://www.linkedin.com/in/marie-cheong-06141b36/ Wavemaker Impact https://wavemakerpartners.com/ 100x100 https://www.100x100.com/ Muun AI https://muun-ai.com/ Watch our previous episode from Singapore, with Ravi Menon: https://www.youtube.com/watch?v=Xvhd34i6YMk Harish Hande on Cleaning Up https://www.youtube.com/watch?v=jUxdaHFJI68 South Asia Includes: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan,and Sri Lanka. South East Asia Includes: Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Acronyms FESIA - Future Energy Storage and System Integration Alliance ASEAN - Alliance for Southeast Asian Nations CPTPP - Comprehensive and Progressive agreement for Trans-Pacific Partnership MT - Megatonne SAF - Sustainable Aviation Fuel SME - Small/Medium-sized Enterprises

Australia is navigating an extraordinarily complex energy transition. It is both a major exporter of fossil fuels and a global leader in rooftop solar, while recent disruption to fuel supplies has reinforced the importance of energy security alongside decarbonisation. As the country prepares to co-host COP31 alongside Türkiye, the choices it makes will have implications well beyond its borders. This week on Cleaning Up, Michael Liebreich sits down with Chris Bowen, Australia's Minister for Climate Change and Energy. Chris explains how Australia responded to the recent fuel crisis, why he believes the road to net-zero starts with households, and how the government is balancing affordability, reliability and emissions reduction. Chris and Michael explore Australia's rapid growth in rooftop solar and home batteries, why electric vehicles have been slower to take off, the challenges of expanding the electricity grid, and what Australia's joint leadership of COP31 means for its role on the global stage. Throughout, Chris explains how he sees the challenge of making the energy transition practical, affordable and politically achievable. Topics include: How Australia avoided fuel shortages during the global energy crisis Why Minister Bowen believes the path to net zero starts with households How to make rooftop solar and home batteries work at scale The challenge of electrifying transport in Australia Building the grid needed for a renewable energy future Balancing climate ambition with political and community support What Australia's energy transition can teach the rest of the world Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, Ecopragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links: Chris Bowen’s bio: https://minister.dcceew.gov.au/bowen/biography Fatih Birol on Cleaning Up: https://www.youtube.com/watch?v=hmHIrtBZIAg Bill McKibben on Cleaning Up: https://www.youtube.com/watch?v=7W9uR6eTe94 Acronyms: IPCC - The Intergovernmental Panel on Climate Change UNFCCC - United Nations Framework Convention on Climate Change SRES - Small Scale Renewable Energy Scheme DNSP - Distribution Network Service Provide AER - Australian Energy Regulator DMO - Default Market Offer CIS - Capacity Investment Scheme EMO - Energy Market Operator ISP - Integrated Systems Plan

Singapore is one of the smallest countries in the world, yet plays a unique role as one of Asia’s main financial and oil refining hubs. So how is it using its influence to help or hinder the transition? Ravi Menon has spent his career at the heart of Singapore’s economic and financial strategy, serving as Managing Director of the Monetary Authority of Singapore (the country’s central bank) before becoming the country’s Ambassador for Climate Action. In this conversation with Michael Liebreich, Menon explains why Asia’s energy transition will follow a different path from the West. With growing energy demand, dependence on coal and the need for affordable and reliable power, the challenge is not just building clean energy but replacing the systems already in place. They discuss Singapore’s role in shaping Asia’s future energy system, from cross-border electricity trade and new financing models to carbon markets, electric vehicles and the growing link between energy security and the move away from fossil fuels. Topics include: Why Asia’s path to net zero will look different from the West Singapore's unique challenges with decarbonization How growing economies can move past coal How to fund Asia’s enormous climate transition The future role of carbon markets in climate action The link between energy security and the shift to clean energy Singapore’s role as a catalyst for regional decarbonisation Newsletter: Sign up to the Cleaning Up newsletter at cleaninguppod.substack.com , for all the latest from the show, including new episodes of our Deep Dive Australia series. Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, Ecopragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Links: Ravi Menon’s bio: https://www.impactsg.org/board/ravi-menon Fast-P Fund: https://www.fast-partnership.com/ Dr Ma Jun on Cleaning Up: https://www.youtube.com/watch?v=Fu6giWzTxAY Mark Carney on Cleaning Up: https://www.youtube.com/watch?v=HtA5ufMzKAU Pierre Wunsch on Cleaning Up: https://www.youtube.com/watch?v=r2xS5e5EGEg Rachel Kyte on Cleaning Up: https://www.youtube.com/watch?v=V1m2lm2n_EE The Asian Development Bank: https://www.adb.org/what-we-do/topics/climate-change/overview CDM - Clean Development Mechanism: https://unfccc.int/process-and-meetings/the-kyoto-protocol/mechanisms-under-the-kyoto-protocol/the-clean-development-mechanism •GFANZ - Glasgow Financial Alliance for Net Zero https://www.gfanzero.com/

Today, Cleaning Up launches its Deep Dive Australia series. Featuring conversations with nine leaders of the climate and clean energy scene, the series explores where Australia is leading the world, where it is not, and how it got there. This is an important moment for Australia. The country was extraordinarily exposed to the closure of the Strait of Hormuz, being the largest per capita importer of diesel in the world. It's also uniquely dependent on China as the destination of its mineral exports and the source of a lot of its technology imports. And in November, Australia will be co-president with Turkiye of the COP Climate Summit in Antalya. In the first of Cleaning Up’s Deep Dive Australia series, Michael Liebreich speaks with Darren Miller, the CEO of ARENA (the Australian Renewable Energy Agency), the federal body responsible for deploying over $14 billion AUD in grants to clean energy projects across Australia. Michael Liebreich speaks with Darren about where Australia is leading the world, and where it still has ground to make up. They explore how ARENA funds innovation into pioneering clean tech, why Australia has quietly become the world's third largest battery market, and what it will take to turn the Pilbara's iron ore into green steel. They also discuss the Hydrogen Headstart Fund, the slow uptake of EVs, vehicle-to-grid, community batteries, and the moment the Hormuz crisis exposed Australia as the world's largest per capita importer of diesel. Topics include: How ARENA's funding model works and what makes it different from a typical government agency Australia's green iron and steel opportunity The Pilbara ore challenge Where Australia could achieve solar at $20 per megawatt hour How Australia became the world's third largest consumer battery market Transport electrification: vehicle-to-grid, EV charging, and the plug-in hybrid problem Sustainable Aviation Fuel: ARENA's newest frontier and the cost challenge ahead Leadership Circle: Cleaning Up is proud to be supported by its Leadership Circle. The members are Actis, Alcazar Energy, Arup, Copenhagen Infrastructure Partners, Cygnum Capital, Davidson Kempner, Ecopragma Capital, EDP, Eurelectric, the Gilardini Foundation, KKR, Mitsubishi Heavy Industries, National Grid, Octopus Energy, Quadrature Climate Foundation, Schneider Electric, SDCL and Wärtsilä. For more information about the Leadership Circle, visit cleaningup.live Newsletter: Sign up to the Cleaning Up newsletter at cleaninguppod.substack.com , for all the latest from the show, including new episodes of our Deep Dive Australia series. Links: Darren Miller’s bio: https://www.linkedin.com/in/darrenhmiller/ ARENA https://arena.gov.au/ Liebreich: The Pragmatic Climate Reset - Part I | BloombergNEF Mariana Mazzucato on Cleaning Up: https://www.youtube.com/watch?v=nX7mhh53GOw Acronyms: AMGC - Australian Manufacturing Growth Centre ACAP - Australian Centre for Advanced Photovoltaics DNSP - Distribution Network Service Provider OEM - Original Equipment Manufacturer UNSW - University of New South Wales SAF - Sustainable Aviation Fuel DRI - Direct Reduced Iron CEFC - Clean Energy Finance Corporation PERC - Passivated Emitter Rear Conductor Cell, HEFA - Hydroprocessed Esters and Fatty Acids