Biodiversity Catastrophe

• [New] Although solar generation is greater in the off-grid development case, EIA expects natural gas to remain the most prevalent fuel in Africa's 2050 generation mix in both side cases.
• [New] The AI in cyber security market is projected to generate a revenue of $101.8 billion in 2030, increasing from $8.6 billion in 2019, progressing at a 25.7% CAGR during the forecast period (2020-2030).
• [New] The massive potential of the green economy could generate up to $10.1 trillion and create 395 million new jobs by 2030.
• [New] The government of the Netherlands has introduced a strict timeline to phase out the use of natural gas by 2022.
• [New] The United States offshore wind industry holds 15 active commercial leases that, if built, could generate another 30 GW of electricity, create 83,000 jobs and drive $25 billion in annual economic output in the next decade.
• [New] United Nations Secretary-General Antonio Guterres said he sees President-elect Joe Biden rejoining the Paris climate agreement and eventually committing to a net-zero pledge by 2050.
• [New] Mexico's Pacific Coast could see more than one natural gas export project being developed in the coming years as Asian markets increase their appetite for imports of cheap and reliable U.S. gas via the shortest transport route possible.
• [New] British conservative prime minister Boris Johnson announced a 12 billion pound ($15.9 billion) plan yesterday for a green industrial revolution that would ban new sales of petroleum and diesel cars by 2030 en route to reaching net-zero emissions by 2050.
• [New] Australia's hydrogen industry could generate some A$11 billion a year in gross domestic product by 2050, and could create some 8000 new jobs in that timeframe.
• [New] EIA expects US crude oil production to generally decline to an average of 11.0 million b/d in second-quarter 2021 because new drilling activity will not generate enough production to offset declines from existing wells.
• [New] Wealth among younger generations is increasing and HNWIs from China are progressively thinking internationally, alongside rising wealth in other south-east Asian countries: Hong Kong and Singapore are anticipating significant growth in the coming years.
• [New] 5G technology is expected to affect a wide range of industries from internet services to the automotive sector, bolstering Japan's economy as a whole in coming years.
• [New] The SEMI 300 mm Fab Outlook to 2024 shows the chip industry adding at least 38 new 300 mm volume fabs from 2020 to 2024, a conservative projection that does not factor in low-probability or rumored fab projects.
• [New] The Texas pipeline industry will generate more than $1.49 trillion in economic output, $903 billion in additional gross state product and $84 billion in state and local government revenues, over the next 40 years.
• [New] A transition to a nature-positive economy could generate up to $10.1 trillion in annual business value and create 395 million jobs by 2030.
• [New] The global automotive human-machine-interface market generated a revenue of $18,822.3 million in 2019 and is predicted to attain a value of $55,318.4 million in 2030, advancing at a CAGR of 10.8% between 2020 and 2030.
• [New] Extreme events are expected to increase in intensity and frequency, and damages to critical infrastructure in Europe could triple in the coming years and multiply over ten-fold by the end of the century.
• [New] The SEMI 300 mm Fab Outlook to 2024 shows the chip industry adding at least 38 new 300 mm volume fabs from 2020 to 2024, a conservative projection that does not factor in low-probability or rumoured fab projects.
• [New] By 2025, driven by volatile global conditions, 75% of business leaders will leverage digital platforms and ecosystem capabilities to adapt their value chains to new markets, industries, and ecosystems.
• [New] The global sleeping aids market generated a revenue of $78.7 billion in 2019 and is predicted to progress at a CAGR of 7.1% from 2020 to 2030 to attain a value of $162.5 billion by 2030.

Last updated: 26 November 2020