By David Callaway, Callaway Climate Insights
Today in Callaway Climate Insights:
– A new UN report says eight countries will soon hold half the world’s population. Their climate outlooks aren’t good.
– Are EV leasing services the key to rapid adaption? This British company thinks so.
– Why President Biden’s controversial visit to Saudi Arabia won’t help oil prices
– UK’s Tory leadership contest already hurting British climate agenda
Before I became a journalist, I always wanted to be an astronomer. So, the images released by NASA this morning of the universe more than four billion years ago captivated me with their beauty and timelessness.
Back here on Earth, however, it’s getting kind of crowded. A big United Nations report this week shows that our population will reach eight billion later this year, and almost 10 billion by 2050. India is set to pass China as the world’s most populous nation during that time.
Most ominously, the report shows that more than half of that growth in the next 30 years — almost one billion more people — will be concentrated in just eight countries: the Democratic Republic of the Congo, Egypt, Ethiopia, India, Nigeria, Pakistan, the Philippines, and Tanzania.
That those countries are among the most exposed to the ravages of global warming gives pause as to what is to come in the next three decades. Climate change has often been called a human migration story. With temperatures in some of these countries already approaching “web bulb” ranges, where humans can’t survive, the economic and social fallout from those impending migrations will soon start to be measured.
Expect a lot of analysis shortly on the impact on oil and minerals markets in some of those countries, as well as increased carbon emissions, and what will happen across borders as migration patterns emerge. Stranded assets, indeed.
More insights below . . . .
Subscribe to Callaway Climate Insights to keep reading this post and get 7 days of free access to the full post archives.
Callaway Climate Insights Newsletter
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.