Biodiversity Catastrophe

• [New] Canada's use of oil and natural gas will decline over the next 30 years.
• [New] Fifth generation (5G) mobile broadband telecommunications will become a fundamental component of the world's communication and information technology infrastructure over the next five to ten years.
• [New] Over the next six years, Beijing plans to invest an additional $1.4 trillion of state and private funds in next-generation technologies.
• [New] The United Nations recognises the role of biodiversity in stabilising climate and has declared that the next decade will be the Decade on Ecosystem Restoration 2021-2030.
• [New] 2020's Black Friday is expected to be the biggest ever, but delivery of each order generates carbon dioxide causing a spike in emissions.
• [New] In the STEPS scenario, natural gas sees a 30% rise in global demand by 2040, concentrated in South and East Asia.
• [New] To produce 10 million tons of green hydrocarbon, the European Commission plans to invest in 40 gigawatts (GW) of electrolyzers by 2030, which requires an additional 80 GW-120GW of renewable generation capacity.
• [New] The CES currently requires New York to generate 100% carbon-free electricity by 2040 and attain economy-wide net-zero carbon emissions by 2050.
• [New] If the world is to go down the 2-degree pathway, investment in new natural gas exploration and production could be slashed by 65%, from nearly US$2 trillion to US$ 700 billion, by 2040, because gas demand would peak earlier than previously thought.
• [New] By 2080, if emissions remain high, the Earth System will be in a time when the MHW climate has changed completely from the range that species have previously experienced, and represents a qualitatively different climate.
• [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.

Last updated: 28 November 2020