Genetics

• [New] Offshore renewable energy is one of the most promising routes to increase future power generation in the coming years in a way that meets Europe's decarbonisation objectives and expected rise in electricity demand in an affordable manner.
• [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.
• [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] The reduction in coal power generation capacity could be partly offset by a significant increase in the Czech Republic's renewable electricity generation capacity, adding 3.2 GW of new solar photovoltaics and wind by 2030.
• [New] Electricity generated by wind, solar, hydro and biomass is expected to increase by 7% globally in 2020.
• [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] 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] Transition to a green economy could lead to a net increase of approximately 18 million jobs across the world and achieving the 2030 Agenda could generate up to 380 million jobs.
• [New] In 2025, renewables are set to become the largest source of electricity generation worldwide, supplying one third of the world's electricity, and ending coal's five decades as the top global power source.
• [New] Electricity generated by renewables will increase by 7% globally in 2020, despite a 5% annual drop in global energy demand, the largest since World War Two.
• [New] The continued growth of wind and solar means renewables, including hydro and bioenergy, would displace coal as the largest source of the world's power generation by 2025.
• [New] Wind power generation is forecast to increase by 80% in the next five years, driven by China, the United States and the European Union.
• [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] Last year, the Dubai Electricity and Water Authority (DEWA) announced it had set a target to power 100% of its desalination plants using solar power, and generate 305 million gallons per day by 2030.
• [New] The RMF will generate co-contributions from industry and State and Territory governments leading to $600 million of recycling infrastructure investment that will transform Australia's waste and recycling capacity.
• [New] Wind and solar energy, alongside battery storage, will supply 56% of the world's electricity demand by 2050, with some countries generating as much as 80% of demand.
• [New] Although advanced reactors are unlikely to be commercialized by 2025, their success can make a difference for US and global climate targets within the next decade.
• [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.
• A prospective Biden administration does not change the ongoing trend: renewable energy will continue to grow as a percentage of electricity production and will become the second-largest source of power generation in the US by 2030.
• South Korea is third, and its net zero emissions by 2050 target will see its coal-fired power plants replaced by renewable energy.
• Around 83% of the new generation capacity built between 2020 to 2030 will be from coal and solar PV while hydropower and Oil are likely to account for the remaining new capacity.
• Increasing natural gas fuel prices, combined with lower renewable capital costs, resulted in a higher combined share of generation from solar, wind, and hydro technologies, which increase up to 61% by 2050.
• Solar could become the predominant source of electricity generation in China by 2050 if future renewable costs are low and natural gas prices are high.

Last updated: 22 November 2020