GZERO Media logo

Hard Numbers: Guess Which Industry will be Worth $13 Trillion by 2050

9.7 billion: A new UN Population Division report projects that the global population will hit 9.7 billion by 2050, up from the current 7.7 billion. Most of that population growth will come from sub-Saharan Africa, which is expected to add another billion people over the next three decades.

13.3 trillion: In other projections to the year 2050, energy trackers at BloombergNEF estimate that the 62% increase in electricity demand over the next three decades will bring in $13.3 trillion in new investments, with $5.3 trillion going to wind and $4.2 trillion to solar. That's a lot of power but sweeping policy changes will still be needed to hit global climate targets.

9,000: Bitcoin, the world's original cryptocurrency, surged past $9,000 this week to a 13-month high following the news of Facebook's plan to launch its own digital currency and payment system. The prospect of the world's biggest social network moving into the crypto space has seemingly legitimized an industry that's been struggling with growth problems, fraud, and volatile prices.

1,232: Local authorities in Berlin this week approved a plan to freeze rent hikes in the city for the next five years as the German capital has become a major destination for European job seekers. Currently, the average monthly rent in Berlin is about $1,232, a 7% jump over the first three months of this year.

Empathy and listening are key to establishing harmonious relationships, as demonstrated by Callista Azogu, GM of Human Resources & Organization for Nigerian Agip Oil Company (NAOC), an Eni subsidiary in Abuja. "To build trust is very difficult. To destroy it is very easy," says Callista, whose busy days involve everything from personnel issues to union relationships. She sees great potential for her native Nigeria not only because of the country's natural resources, but because of its vibrant and creative people.

Learn more about Callista in this episode of Faces of Eni.

For the world's wealthiest nations, including the United States, the rollout of COVID-19 vaccine has been rocky, to say the least. And as a result, much of the developing world will have to wait even longer for their turn. Part of the challenge, World Bank President David Malpass says, is that "advanced economies have reserved a lot of the vaccine doses." Malpass sat down with Ian Bremmer recently to talk about what his organization is doing to try to keep millions around the world from slipping deeper into poverty during the pandemic. Their conversation was part of the latest episode of GZERO World.

Saturday will mark the beginning of an historic turning point for European politics as 1,001 voting members of Germany's Christian Democratic Union, the party of Chancellor Angela Merkel, hold an online conference to elect a new leader.

Here are the basic facts:

More Show less

For the first time in twenty years, extreme poverty around the world is growing. How does the developing world recover from a pandemic that has brought even the richest nations to their knees? David Malpass, the President of the World Bank, is tasked with answering that question. He joins Ian Bremmer on GZERO World to talk about how his organization is trying to keep the developing world from slipping further into poverty in the wake of a once-in-a-century pandemic.

Joe Biden wants to move into the White House, but the coast isn't clear. He may need some bleach.

Watch more PUPPET REGIME here.

The GZERO World Podcast with Ian Bremmer. Listen now.

GZEROMEDIA

Subscribe to GZERO Media's Newsletter: Signal