“In the human fugue there are eighteen hundred million parts,” wrote Aldous Huxley, author of Brave New World. “The resultant noise means something perhaps to the statistician.”
Huxley published his novel Point Counter Point just 94 years ago; on November 15, UN statisticians estimated that the global population had passed eight billion.
It is not only people; we keep 19 billion chickens, 1.5 billion cows, 1 billion sheep, 1 billion pigs and 1.1 billion domestic cats and dogs. Wild animals — not just lions and pandas, but the innumerable hordes of mice, rats and bats — account for just 4 per cent of the biomass of all mammals.
In fact, like 2022, 1928 was a landmark population year: the number of humans crossed 2 billion, according to modern estimates. This is despite the ravages of the First World War and Spanish flu pandemic that killed 70 million people between them.
World population hits 8 billion — in pictures
Demographics have a tremendous momentum: the rising population was hardly slowed by the 75 million people who died as a result of the Second World War, about 3 per cent of people then alive.
The late 1950s also experienced one of the fastest global population increases in history.
These trends caught the attention of the rising environmentalist movement in the 1960s.
In 1968, the influential book The Population Bomb, by Stanford University academics Anne Ehrlich and Paul Ehrlich, wrote: “The battle to feed all of humanity is over. In the 1970s hundreds of millions of people will starve to death in spite of any crash programs embarked upon now.”
In the same year, the Club of Rome was founded and, in 1972, it warned in The Limits of Growth of the exhaustion of oil, metals and food.
We have not starved or run out of minerals, but today, the major concern is climate change.
An ever-growing number of people who need air-conditioning, nitrogenous fertilisers and homes made from steel, concrete and glass, seems to mean unstoppable greenhouse gas emissions.
So does the rising population forebode a hot, hungry and crowded planet? And surely we cannot feed, power and move this seemingly relentlessly swelling horde of humanity and other animals, and preserve a liveable environment, without reducing our numbers?
Such alarmist predictions are wrong in four ways.
First, the population is not growing that much any more. The UN thinks we will reach a maximum of about 10.4 billion during the 2080s. Two thirds of people now live in a country with fewer than 2.1 births per woman, below the long-term replacement level.
Barring a truly cataclysmic war, plague, societal collapse, asteroid strike or robot takeover on the one hand, or an unexpected resurgence in fertility or huge extension in lifespan on the other, these forecasts are near-inevitable.
Watch: Why are rich nations paying for climate 'loss and damage'?
Second, warnings about overpopulation usually concentrate on East and South Asia and Africa. Indeed, the population in Europe and Japan is set to fall, and the problem will be to attract sufficient immigration to sustain the economy and look after a growing elderly cohort.
But China’s working-age population also peaked in 2014 and its overall population may drop after this year.
Bangladesh, the most densely populated country in the world after small islands and city-states, had a birth rate of almost seven children per woman in the early 1970s; now it is less than two, below the replacement level. Alarms of “third-world” overpopulation are often thinly veiled racism.
Third, the climate problem is not driven by the absolute number of people, but by their lifestyle.
The average American emits nearly 200 times as much carbon dioxide as the average citizen of the Democratic Republic of the Congo. Little Luxembourg pollutes nearly four times as much per person as neighbouring France. A few thousand ultra-wealthy with their private jets and super-yachts outweigh millions of Africans.
Fourth, we use resources ever more efficiently. Land use for food per person has halved since 1960. As agricultural hectarage has declined slightly since 2000, we may have passed “peak land”, a point at which our farming footprint would gradually diminish.
The all-time peak for oil use per person was in the late 1970s, after which it dropped sharply, then flattened out. The rising use of electric cars will probably bring a further downwards trend in the next few years. Carbon dioxide emissions from energy use reached a high in 2013 and have gradually dropped since then.
Energy use per person, though, continues to grow gradually, with the spread of middle-class lifestyles around the planet.
Scenarios such as those of the International Energy Agency show sharp drops in overall energy consumption as we move towards a “net-zero” carbon world by the mid-century.
This comes largely from a shift to intrinsically more efficient technologies — renewables and electric cars that do not shed more than half their energy input as waste heat.
Such forecasts are probably wrong — energy use will continue to rise as new technologies and desires emerge.
The all-time peak for oil use per person was in the late 1970s, after which it dropped sharply, then flattened out
Robin Mills
But with sensible policies, we will decarbonise. And whether policies are good or bad, the now slow rate of population growth — less than 1 per cent per year — is not the decisive factor in achieving the annual falls of more than 5 per cent in greenhouse gas emissions required for net zero by mid-century.
Families, and especially women, should certainly be given the rights and means to manage their fertility and plan the number of children they want.
But we should not instrumentalise this in service of an agenda of population control: it is a matter of human dignity and well-being.
It is a reason not for despair but for celebration that we can sustain eight billion people, their creations and aspirations and, for most of them, in tolerable peace and prosperity.
Human beings are not simply machines for emitting carbon dioxide: as last week’s breakthrough in fusion energy reminds us, each baby is a potential great scientist, political leader, communicator, entrepreneur or environmentalist.
Nor is it necessary to be famous: as novelist George Eliot wrote: “The growing good of the world is partly dependent on unhistoric acts; and that things are not so ill with you and me as they might have been, is half owing to the number who lived faithfully a hidden life.”
Robin M. Mills is chief executive of Qamar Energy, and author of The Myth of the Oil Crisis
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
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UAE currency: the story behind the money in your pockets
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Favourite author - Paulo Coelho
Favourite holiday destination - Cuba
New York Times or Jordan Times? NYT is a school and JT was my practice field
Role model - My Grandfather
Dream interviewee - Che Guevara
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
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Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.