Green Daily
From policy reforms to induction woks |
View in browser
Bloomberg

What’s on the wish lists for scientists, politicians and business leaders across the climate community this holiday season? Yes, they all want more action on global warming in 2025. For now, many of them will be happy for some gardening items and planet friendly cooking appliances. Read on for more. To get unlimited access to climate and energy news, please subscribe.

What climate experts really want this year

By Olivia Rudgard 

From revolts against green policies in Europe and the US, to backsliding on corporate climate commitments, 2024 provided some rotten gifts for the climate community. This week the International Energy Agency’s revised forecast for coal demand suggests some people might actually want lumps of the dirty fuel in their holiday stocking.

The downbeat news inspired Bloomberg Green to approach scientists, authors, business leaders and politicians known for championing climate action to share their wish lists. We were keen to hear their hopes for policies and market trends, but we also asked them to share something personal and fun. Given the grave challenges now being posed to the green transition, many of the responses leaned hard on the former. Yet we did manage to squeeze a few tangible gift ideas out of them.

Climate scientist Zeke Hausfather, who went viral last year with his “gobsmackingly bananas” reaction to unprecedented global warming data, has some very serious policy requests for US lawmakers. While Hausfather, the climate research lead at payments company Stripe, is hoping many parts of President Joe Biden’s flagship Inflation Reduction Act survive the Trump administration, he also wants a bipartisan agreement on permitting reform to help speed up installations for clean energy and transmission.

But what sort of purchases has he been recently googling? He’s had his eye on an Impulse Labs induction stovetop (although, he added, “any induction stovetop would be better than our current burners.”)

The Impulse Labs induction stovetop. Photo: Impulse Labs

Similar to Hausfather, Ari Matusiak, chief executive of Rewiring America, is also wishing for a clean energy regulatory breakthrough in the US. He’d like to see “residential rooftop solar as abundant here in America as it is in Australia.” For his own home, he’s also looking through the kitchen appliances section. He’d like an induction-friendly wok for making his mother-in-law’s special pancit dish without the aid of gas burners.

Spain’s former climate minister Teresa Ribera has a long to-do list for her new role as the EU’s anti-trust chief. She’s also in charge of keeping industry competitive during the bloc's green transition. Among the climate fixes she hopes to see happen are adaptation measures for droughts and flooding, which are problems that have individually ravaged her home country.

Ribera’s move from Madrid to Brussels this year has also raised some personal green requests. She’s been trying to get to grips with the complex recycling system in the Belgian capital. “I have so far put an explanatory leaflet in my kitchen and consult it when I have questions,” she says — but learning how to do it properly would be a blessing.

Ribera’s colleague Wopke Hoekstra, the EU climate commissioner, says he’d like to see a worldwide carbon market with “realistic yet ambitious pricing.” Before that, he’s hoping for some new running shoes. (He wears an EU size 48.)

Wopke Hoekstra in 2018. Photographer: Yuriko Nakao/Bloomberg

Carlo Buontempo, director of the EU’s Copernicus Climate Change Service, has had to continually deliver bad news about rising global temperatures in 2024. While it’s completely unattainable, he’d like to equip the whole world with a sixth sense – a “sort of planetary sympathy, that would allow us to perceive the global climate directly. I am convinced this would affect our collective decision-making in ways no scientist can,” he says.

His gift wish this year is far more tangible: He’d like a new pair of walking boots.

Greg Jackson, chief executive of Octopus Energy Ltd., the UK’s largest utility and a major investor in electrification and renewable energy, also wants new wardrobe items this year. But he has bigger demands after the holidays, calling for UK energy market reforms that would vary the price of electricity based on location. This would help direct investment to where it’s needed, he says.

Greg Jackson Photographer: Hollie Adams/Bloomberg

Perhaps inspired by the underwhelming results of the United Nation’s COP process this year, the climate fiction novelist Kim Stanley Robinson wishes that countries would take membership of the UN (“or the WTO or the OECD”) much more seriously than they currently do to help guide action. “And then climate change would have a chance to be solved by us,” he says.

What sort of gift would delight a man who writes fictitious outlooks for the future? Something that he knows will grow in the new year. Robinson says he annually plants vegetables on the winter solstice, so he’d like an early gift: Some young lettuce and cabbage plants, a week before Christmas, “so I can hit the real day of celebration in winter, on December 21.”

Meanwhile, after a busy year that involved delivering what turned out to be a pep-rally-style speech at COP29 in Azerbaijan in November, Jay Inslee, the outgoing governor of Washington state in the US, wants the world to get some “confidence” in dealing with climate change.

For now, though, he’s going to enjoy the quieter moments. He wants to spend time with his six grandchildren on Christmas. “Just seeing those faces light up is kind of magic,” he says.

— With assistance from Akshat Rathi, Zahra Hirji, John Ainger, Kendra Pierre-Louis, Coco Liu, Michelle Ma and Anna Edgerton

Like getting the Green Daily? Subscribe to Bloomberg.com for unlimited access to breaking news on climate and energy, data-driven reporting and graphics. 

This week we learned

  1. The world wants more lumps of coal. Global demand for the fuel is set to hit fresh records every year through at least 2027, International Energy Agency data show, overturning a previous estimate that it peaked last year.
  2. Oil production is being powered by solar. In California, solar panels are powering oil field equipment. The PV installations are also generating carbon credits. The situation is exposing a paradox in the state’s carbon-trading system. 
  3. Only 10% of Chinese families have home insurance. And this is a huge risk on a rapidly warming planet. Of the 20 most climate-vulnerable regions, 16 are on Chinese soil. The government is now trying to address the coverage gap. 
  4. A 90-year-old man is working in the US water industry. It’s an extreme example of a larger trend. Many water sector employees have hit or are nearing retirement age, and not enough younger workers are stepping up to replace them.
  5. Corporations can’t meet their green pledges. Walmart Inc. is the latest to announce it expects to miss its short-term climate targets. It follows others including the Coca-Cola Company and Air New Zealand Ltd. in retreating from such pledges.

Worth your time

Gifting secondhand used to have a bad rap (think last year’s candle or dusty bath set), but it doesn’t carry the taboo it once did. In the UK, some 84% of people say they plan to buy at least one pre-owned Christmas gift this year, according to research by the resale app Vinted and the market researcher Retail Economics. In the US, three in four people believe secondhand gifting has become more socially acceptable over the past year, according to a survey by the resale app OfferUp. If you’re looking for a last-minute gift, read why something secondhand might not be a bad option this year. 

Photographer: Alistair Berg/Digital Vision

Weekend listening

On Zero, reporter Akshat Rathi speaks to Eric Toone of Breakthrough Energy Ventures about what’s hype and what’s not in the world of energy startups. Breakthrough is one of the world’s biggest funders of early-stage climate technologies and has poured billions of dollars into more than 120 startups. Toone weighs in on everything from carbon removal to the grid, nuclear fusion, nuclear fission, and green hydrogen. Listen now, and subscribe on Apple,  Spotify, or YouTube to get new episodes of Zero every Thursday.

Readers really liked

More from Bloomberg

  • Hyperdrive for expert insight into the future of cars
  • Energy Daily for a daily guide to the energy and commodities markets that power the global economy
  • CityLab Daily for top urban stories and ideas, curated for your inbox by CityLab editors
  • Tech Daily for what to know in tech

Explore all Bloomberg newsletters at Bloomberg.com.

Follow Us

Like getting this newsletter? Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and subscriber-only insights.

Want to sponsor this newsletter? Get in touch here.

You received this message because you are subscribed to Bloomberg's Green Daily newsletter. If a friend forwarded you this message, sign up here to get it in your inbox.
Unsubscribe
Bloomberg.com
Contact Us
Bloomberg L.P.
731 Lexington Avenue,
New York, NY 10022
Ads Powered By Liveintent Ad Choices