Biodiversity Catastrophe

• [New] Perhaps we will see a shift to greener, cleaner means of production, and a deeper appreciation of nature as an integral part of how we manage the economy rather than as something external and separate from it.
• [New] Transitioning from natural gas to hydrogen for heating could help the UK to reach 2050 targets, but that setting up and running hydrogen-based heating may cost as much as three times that of natural gas.
• [New] The application of the global guidelines and the achievement of their goals will help to conserve forest biodiversity, ensure sustainable forestry, and contribute to the achievement of several Sustainable Development Goals of the United Nations linked with forest biodiversity.
• [New] The Centre for Mental Health estimates that because of the pandemic that at least half a million more people in the UK will experience a mental health difficulty in 2020.
• [New] The U.S. will be the world's top exporter of natural gas within the next few years.
• [New] The decline in oil prices and the expected decline in growth of more than 7% in Gulf Cooperation Council countries in 2020 have turned general goals such as diversifying the Gulf economies and utilizing new global business opportunities into immediate necessities.
• [New] The AR healthcare market is expected to generate approximately US$ 10 billion in revenues with the VR Healthcare market reaching US$ 1.2 billion in 2024.
• [New] ARENA has generally sought to support the emergence of electric vehicles in Australia, and a $1.4 billion allocation to boost to ARENA's funding over the next ten years will likely help support the growth of the electric vehicle and hydrogen transport sectors.
• [New] Existing protected natural areas comprise 26% of land in England, and an additional 4% - over 400,000 hectares - will be protected to support the recovery of nature.
• [New] By 2027 the amount of wealth being passed between generations will almost double in the UK, while it is also estimated that a total of £5.5 tn is due to be passed down in the next 30 years.
• [New] The BELCO wet scrubber is an extremely robust technology that will allow the Omsk Oil Refinery to achieve its goal of reducing air emissions in line with Russia's Project Ecology with minimum maintenance over the next few decades.
• [New] Russia expects to ramp up natural gas supplies during the next few years and send 530 million cubic feet to China by 2022.
• [New] China extended subsidies on all unconventional production through 2023 and, for the first time, included tight gas (low-permeability natural gas found in reservoir rocks) as an unconventional natural gas source eligible to receive subsidies.
• [New] The IEA projects the United States will continue to be the largest producer of natural gas in the world through 2040, spawning significant exports of natural gas through pipelines to Canada and Mexico and LNG to other regions of the world.
• [New] Demand for natural gas is expected to increase through 2030 under all three IEA scenarios, including the SDS.
• [New] The market for biofuels currently is facing many challenges due to the low price of oil and natural gas, the global biofuels market is expected to reach $230.5 billion with a compounded annual growth rate of 5.1% from 2019 to 2025.
• [New] An open digital health ecosystem can spur a fundamental transformation in India's healthcare system and unlock economic value worth over $200 billion by 2030.
• The fashion e-commerce market in the United States is expected to generate revenues of $126.5 billion in 2020.
• The global 5G technology market will grow from $5.5 billion in 2020 and reach $667.9 billion by 2026.
• Thousands of non-native or alien species are expected to arrive in Europe by the middle of the century following an increase in numbers around the world.
• France will mobilize for the adoption of an ambitious new global strategic framework for the protection of biodiversity at next year's UN Biodiversity Conference in Kunming, China.
• The outlook for natural gas is stronger, with demand not expected to peak until 2040 even if all countries in the world strive for net-zero emissions by 2050.
• Installed IoT endpoints for manufacturing and natural resources industries will grow to 1.9 billion units in 2028.

Last updated: 17 October 2020