Biodiversity Catastrophe

• [New] The global AI in agriculture market is predicted to generate a revenue of $8,379.5, increasing from $852.2 million, and is expected to witness a 24.8% CAGR during the forecast period (2020-2030).
• [New] As clean air continues to garner interest among all stakeholders, demand for indoor air quality monitors is expected to grow steadily in future, after a temporary lull in 2020.
• [New] Waste Management aims to run 70% of its collection fleet on alternative fuels by 2025, with a current focus on compressed natural gas (CNG), and plans to draw on an increasing amount of renewable natural gas from its own operations.
• [New] The recently published EU Biodiversity Strategy for 2030 describes an ambitious political agenda and gives reason to hope that future governmental interventions in the EU will be increasingly geared towards nature conservation.
• [New] The cost of decommissioning the UK's civil nuclear sites will cost current and future generations of taxpayers £132bn and take another 120 years to complete.
• [New] By 2050, natural gas plays a larger role in the electricity mix, and renewable and nuclear generation as today account for 81% of Canadian electricity generation.
• [New] Revenues in the German cruise line market are expected to plunge to $797m, compared to $2.8bn last year, while UK cruise companies are forecast to generate $668m in revenue in 2020, marking a 72.6% drop year-on-year.
• [New] Abu Dhabi will invest 448 billion dirhams ($122 billion) in oil and natural gas over the next five years as it seeks to raise production capacity, even while OPEC restricts its output.
• [New] For the full year, Dollar General plans to open 1,000 new stores and remodel 1,670 stores, with a total addition of 60,000 cooler doors, up from its earlier target of 55,000 cooler doors for 2020.
• [New] Industrial demand for natural gas could still hit headwinds similar to earlier in the year, analysts added, but so far it seems to be holding steady despite a third wave of Covid cases and mandated restrictions.
• [New] Growing interest in M&As, the possibility that U.S. natural gas and oil production will fall in 2021, and the potential for rising dry gas production in the Haynesville and other non-Appalachian formations.
• [New] Wind and solar combined are forecast to provide nearly three times as much new generating capacity as natural gas over the next three years.
• [New] African swine fever (ASF) remains the biggest change driver in global animal protein, and in the year ahead we expect to see pork production grow faster than any other species, largely because of the recovery from ASF in China and Vietnam.
• [New] Over the next five years, we expect Fintech to grow revenues at almost double the rate of banks as they continue to capture incremental market share across the retail finance ecosystem.
• [New] Pork production is set to grow faster than other species in 2021, due to the recovery from African swine fever (ASF) in China and Vietnam.
• [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.

Last updated: 02 December 2020