Genetics

• [New] California's new privacy rules, known as the California Privacy Rights Act, take force in 2023, and will see the regulator share enforcement powers to the local attorneys general.
• [New] The world's first large-scale power station to burn pure hydrogen could be built in Britain this decade by SSE and Equinor to generate enough low-carbon energy to supply more than a million homes.
• [New] The Covid-19 pandemic had brought forward one to three years earlier than expected the full adoption of cloud services by global enterprises, and that the revenue generated by Huawei Cloud grew by 168% year-on-year.
• [New] The ratio of workers to beneficiaries reaches 2.3 by 2035 when the baby-boom generation will have largely retired, and will generally decline very gradually thereafter due to increasing longevity.
• [New] The market for biomass wood pellets for renewable generation in Europe and Asia is expected to grow in the current decade, principally driven by demand in Asia.
• [New] South Africa's ferrochrome industry has taken its first steps towards independent power generation, with plans to generate up to 750 MW of its own electricity by 2024, Mining Weekly can report.
• [New] Volvo will use Nvidia's latest generation of chips to enable more autonomous driving functions in its future vehicles.
• [New] Volvo Cars, owned by China's Geely Holding, said it will use Nvidia's new Drive Orin system, with far more processing power than current Nvidia chips used in Volvo vehicles, starting with a new generation XC90 crossover due to launch in 2022.
• [New] Volvo Cars will use a new generation of high-powered chips from Nvidia to enable more autonomous driving functions in future vehicles, starting in 2022.
• [New] Cruise, the San Francisco-based robotaxi company backed by General Motors, plans to expand its operations to Dubai and will set up its first overseas unit in the Middle Eastern city by 2023 and have thousands of its electric autonomous vans operating there by the end of the decade.
• [New] Beijing has been quick to move on its own H2 strategy and forecasts that the use of the renewable fuel for road transport and power generation will reach a daily 50 metric tons by 2023.
• [New] The hydrogen economy can generate as much as $140 billion per year in revenue and create 700,000 U.S. jobs by 2030.
• [New] India and Indonesia have emerged as key beneficiaries of a Chinese ban on Australia's coal exports which is expected to further shift global trade in the fuel used for power generation and steelmaking in 2021.
• [New] With global demand on the rise, and with a compelling and competitive proposition to global buyers and investors, the sector in South Africa is on track to achieve its target of 100,000 new jobs by the end of 2023 and 500,000 new jobs by the end of 2030.
• [New] The International Energy Agency expects renewables to generate 80% of global electricity demand within the next decade, as the cost of renewable generation plummets below the cost of fossil fuels.
• [New] Global electricity consumption has grown steadily for decades, but the rise in urbanization, corporate digitalization, and the electrification of cars and other utilities will create a new surge in demand for electricity.
• [New] In China, the world's largest elevator market, demand for the replacement of elevators with 20-plus years in service is expected to emerge in the future.
• [New] Government-led policy reform in China may provide an optimal opportunity for growth in production capacity outside of China.
• [New] Glencore says its CTSCo Project will lay the foundation for commercial-scale onshore CCUS from industrial processes and power generation in Queensland's Surat Basin.
• [New] Switzerland's rich heritage with regard to financial security, strong privacy laws and pragmatic financial regulation play a central role, and might become an important catalyst for it to become a leading digital financial centre.
• [New] China is planning a mega dam in Tibet able to produce triple the electricity generated by the Three Gorges - the world's largest power station - stoking fears among environmentalists and in neighbouring India.
• [New] Exports to Singapore could help kickstart substantial growth in Malaysia's renewable energy generation and prompt a greater commitment to shifting its energy mix.

Last updated: 18 April 2021