• Newborn babies inside a maternity ward in Chennai, India. AFP
    Newborn babies inside a maternity ward in Chennai, India. AFP
  • Elderly people practise Tai Chi at a park in Bangkok. EPA
    Elderly people practise Tai Chi at a park in Bangkok. EPA
  • A girl carries birds to market in Yangon, Myanmar. On World Population Day, the UN is highlighting the importance of gender equality. EPA
    A girl carries birds to market in Yangon, Myanmar. On World Population Day, the UN is highlighting the importance of gender equality. EPA
  • Motorists crowd a street in Kuala Lumpur. EPA
    Motorists crowd a street in Kuala Lumpur. EPA
  • People sit on benches with children at a park in Beijing. EPA
    People sit on benches with children at a park in Beijing. EPA
  • A nurse cares for newborn babies at a hospital in Hanoi, Vietnam. EPA
    A nurse cares for newborn babies at a hospital in Hanoi, Vietnam. EPA
  • People wait for a bus in Singapore, where about one in four citizens will be aged 65 and above by 2030. EPA
    People wait for a bus in Singapore, where about one in four citizens will be aged 65 and above by 2030. EPA
  • Women receive free massages during a social services event in Quezon City, Metro Manila. EPA
    Women receive free massages during a social services event in Quezon City, Metro Manila. EPA
  • India, with a current population of more than 1.4 billion, is the most populated country in the world. EPA
    India, with a current population of more than 1.4 billion, is the most populated country in the world. EPA
  • Motorists on a crowded street in Kuala Lumpur. EPA
    Motorists on a crowded street in Kuala Lumpur. EPA
  • People hang off the back of a bus in Yangon, Myanmar. EPA
    People hang off the back of a bus in Yangon, Myanmar. EPA

World Population Day: How will our planet cope with 10 billion people?


Daniel Bardsley
  • English
  • Arabic

Last year, the world reached another global population milestone when the number of people on the planet passed the eight billion mark.

As World Population Day is marked today, growth continues, with the UN's latest World Population Prospects report forecasting that, by 2050, our increasingly crowded planet will host 9.7 billion human beings.

While there are numerous projections, there is agreement that the population is likely to continue growing for several decades before it peaks.

UN demographers predict that at the end of this century, the world population will be 10.4 billion.

The lowest-income group in the US still emits carbon more than the highest-income group in Africa
Raya Muttarak,
professor of demography at the University of Bologna in Italy

It raises the question of whether population growth, by leading to greater energy demands, higher rates of consumption and travel as well as agricultural expansion will derail efforts to combat climate change.

One factor cited by analysts is that population growth – which happens because of the lag between infant mortality falling and people having fewer children – is fastest in parts of the world where consumption is lower.

More than half of world population growth until 2050 is expected to occur in Sub-Saharan Africa, where the most recent World Bank figures indicate that average annual carbon emissions are about 0.7 tonnes per person per year, compared to the global average of 4.3 tonnes.

As a result, population growth in the coming decades may have less of an impact than it would have had, had it been happening in richer regions.

Raya Muttarak, professor of demography at the University of Bologna in Italy, said the real challenge of dealing with climate change is reducing consumption in richer parts of the world.

"What’s really interesting is that the lowest-income group in the US still emits carbon more than the highest-income group in Africa," she said.

Lisa Schipper, professor of development geography at Bonn University in Germany, also noted that "the main population growth is not happening" in the most carbon-intensive regions in the world.

Raya Muttarak, professor of demography at the University of Bologna in Italy. Photo: Raya Muttarak
Raya Muttarak, professor of demography at the University of Bologna in Italy. Photo: Raya Muttarak

"The more people, there’s more pressure on resources, but you cannot compare somebody coming out of poverty living in Ethiopia with somebody living in the UK, for example," she said.

"There’s going to be significantly more emissions in the UK because of the kind of networks and resources they use on a daily basis."

Slower rates of population growth

However, some researchers have argued that achieving slower rates of population growth could be part of a strategy to control carbon emissions.

In a 2017 paper in Environmental Research, economists Gregory Casey of Williams College in the US and Oded Galor of Brown University looked at population growth forecasts and carbon emissions in Nigeria.

"We find that by 2100 moving from the medium to the low variant of the UN fertility projection leads to 35 per cent lower yearly emissions and 15 percent higher income per capita," they wrote.

"These results suggest that population policies could be part of the approach to combating global climate change."

Much of the population growth to 2050 will be, the UN stated in the World Population Prospects report, a consequence of past growth "embedded in the youthful age structure of the current population". But actions by governments to reduce fertility could have an effect.

"The cumulative impact of such changes could contribute to a more substantial reduction of global population growth in the second half of the century," the organisation said.

Policies that promote gender equity are seen as one way to limit population growth, because women with greater freedom to choose typically have fewer children.

Dr Muttarak said food production in the Sahel region of Africa could be hit by climate change. Reuters
Dr Muttarak said food production in the Sahel region of Africa could be hit by climate change. Reuters

Organisations such as the Centre for Biological Diversity, a US charitable organisation, say that while this is often seen as applicable to poorer nations, greater gender equity in the US, too, "could have a substantial environmental impact".

Food production at risk

Dr Muttarak said that the key issue is not so much total food production, but a lack of equity distribution.

"We have the problem of over-consumption and under-consumption", with climate change set to create further disruption, she said.

"Conflict, climate change, it will disrupt food production. That’s something we have to worry about. But climate change in certain areas can make agricultural production better, for instance in the UK and Northern European countries," she added.

In other areas, such as the Sahel, South Asia - home to India, the world's most populous country with 1.43 billion people - and South-East Asia, she warned that food production could be hit by climate change.

This is noted by the UN's Intergovernmental Panel on Climate Change, which said that if global temperatures reach or exceed 2°C above pre-industrial levels, there could be malnutrition and deficiencies of micronutrients, especially in regions including South Asia, Sub-Saharan Africa, and Central and South America.

"Global warming will progressively weaken soil health and ecosystem services such as pollination, increase pressure from pests and diseases, and reduce marine animal biomass, undermining food productivity in many regions on land and in the ocean," the IPCC wrote in a report last year.

Israel has developed advanced desalination technology, which forecasters believe could lead the largely desert nation to become a net water exporter. AFP
Israel has developed advanced desalination technology, which forecasters believe could lead the largely desert nation to become a net water exporter. AFP

Climate change, in part thanks to effects on agriculture of increasing temperatures and more weather extremes, including droughts, could significantly increase migration. One forecast suggested there could be one billion "climate migrants" by 2050.

A study published in May found that because of climate change, about 9 per cent of the world’s population - about 600 million people - live outside the "human climate niche", the conditions in which people have historically thrived.

By the end of this century, if current policies cause global temperatures to increase to 2.7°C above pre-industrial levels, one third of people could live outside the niche, the authors warned.

"Exposure outside the niche could result in increased morbidity, mortality, adaptation in place or displacement [migration elsewhere]," they wrote in Nature Sustainability.

"When we look at migration, most of this will be within a country," Dr Schipper said. "That’s going to place huge pressures. There’s going to be migration to all sorts of areas, but primarily to urban areas."

Hope for breakthroughs

While there is concern that climate change will increase migration, Ilya Kashnitsky, assistant professor of demography in the Interdisciplinary Centre on Population Dynamics at the University of Southern Denmark, noted that technological breakthroughs may help people to cope with some of the worst effects.

He cited Israel's achievements with water management. The country has developed advanced desalination technology, recycles most of its wastewater and farms use dew to create water for irrigation.

Some forecasters predict that by the end of the decade, this largely desert nation could become a net water exporter.

"So it may be that not all the apocalyptic scenarios will [happen], even with a failure to address climate change issues," Dr Kashnitsky said.

Another driver of migration is the ageing of populations in Europe and North America, as this generates a demand for incoming labour.

"For example, it’s observed in many countries that the cost of healthcare and the care for the elderly is increasing very fast," Dr Kashnitsky says.

"The most developed countries are in dire shortage of healthcare workers. It’s becoming a big issue. Many European countries solve this by importing foreign labour."

He added that migration plays "an important role in population replacement in the developed world", but it remains "difficult to say" what will happen when countries that are donors in population terms themselves grow old.

These countries, he said, will "need their healthcare workers there".

"It’s really difficult with migration to forecast anything," Dr Kashnitsky added. "Trends change, not only from population development, but from economic and political reasons."

Sleep Well Beast
The National
4AD

The Rub of Time: Bellow, Nabokov, Hitchens, Travolta, Trump and Other Pieces 1986-2016
Martin Amis,
Jonathan Cape

'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

The End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

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MATCH INFO

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Red card: Casemiro (Real Madrid)

RESULTS
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Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar

Updated: July 11, 2023, 5:16 PM