(29 October 2021) Amid worldwide efforts to achieve "net-zero" carbon emission targets, economic activities associated with intensive carbon emissions are losing attractiveness for investors. Forbes data on global corporations shows that between 2011 and 2021, the number of oil and gas companies among the 30 world's largest companies decreased from six to only one — Saudi Aramco, which went public in 2019. At the same time, the capitalization of ICT (information and communications technology) companies in the list of 30 world's largest companies has significantly outperformed that of all other sectors.
With investors preferring to allocate capital in digital assets, will the oil and gas sector get enough capital to maintain the production of hydrocarbons, on which the world is still heavily dependent?
Methodology note: Forbes re-named and adjusted definitions of some industry categories between 2011 and 2021. The 2021 data in tables below is as of May 2021.
(29 April 2021) The volume of electricity consumed by bitcoin mining continues to grow globally, approaching the levels of energy consumption of some of the world's larger economies and bringing the environmental sustainability of the cryptocurrency into question. Tesla, which bought $1.5 billion worth of bitcoin in January, causing the price to surge to more than $55,000, became a target of bitcoin critics who say the step undermines the car company's environmental image. According to Digiconomist, a platform dedicated to exposing unintended consequences of digital trends, one...
While mainstream media outlets globally may be focused on the relationship between climate change and extreme weather, crop performance, and infrastructure resilience, economists and business strategists alike are turning toward greener measures and outlooks of economic performance. The 2018 Global Green Economy Index (GGEI) by Dual Citizen LLC is one of several initiatives—others include the Green Growth Knowledge Platform and the UN Partnership for Action on Green Economy—working to provide policy guidance, promote good practices, and generate and promote the data necessary to...
The 2017 Global Peace Index reflects the reality of war and peace today with Syria, Afghanistan, and Iraq ranking as the least peaceful countries of the 161 evaluated for the index. The United States experienced the greatest decline in the index since last year, slipping 11 places to rank 114th, directly following Armenia and Rwanda and preceding El Salvador and China. But, what’s in the index? The Global Peace Index is comprised of 23 indicators grouped into three broad themes: the level of safety and security in a society, the number of international and domestic conflicts, and...
The first trees emerged about 400 million years ago. Humanity needs only about 18,000 years more to destroy them completely. This estimate is overly simplistic and assumes a “no change” scenario from current deforestation trends — an annual average loss of −0.13% — but it forces us to examine the data from a "what if" perspective, keeping in mind that forests are one of the most important natural filters and producers of oxygen. One person needs six to nine trees to maintain life, assuming that a single tree produces 100 kg of oxygen per year on average and humans require 740 kg of...
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