2052 - a global forecast for the next forty years · g120821 2052 database with slides graph 3a....
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NORWEGIAN BUSINESS SCHOOL
J Randers 1 J Randers 1
NORWEGIAN BUSINESS SCHOOL
2052 -
A Global Forecast for the Next Forty Years
Jorgen Randers Professor
Center for Climate Strategy Norwegian Business School BI
Pestel Institut
Hannover, Germany October 13th, 2012
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12 scenarios for the 21st century
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1900 1950 2000 2050 2100 0
1
1
1 1
2
2
2
2
3
3
3
3 4
4
4
4
5
5
5 5
Year
5: Nonrenewable resources
3: Industrial output
4: Pollution level
2: Food output
1: Population
Limits Scenario 1: Resource crisis
Source: Meadows, Randers and Meadows, LTG 30 year update, 2004
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Limits Scenario 9: Sustainability
Source: Meadows, Randers and Meadows, LTG 30 year update, 2004
1900 1950 2000 2050 2100 Year 0
1
1
1
1
2
2
2
2
3
3
3 3
4 4
4
4
5
5
5
5
5: Nonrenewable resources
1: Population
2: Food output
3: Industrial output
4: Pollution level
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Limits to Growth: A small and fragile world
Source: KPMG, 2010
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Source: Global Carbon Project, Carbon Budget 2009
Overshoot: Emissions is twice absorption
For all numerical data and the forecast model,
consult the book website www.2052.info
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The five regions used in the 2052 forecast
Region Population 2010
(billion people)
GDP 2010
(trillion
$ pr year)
GDP per person 2010
(1000
$ pr person-year) US 0,3 13 41 China 1,3 10 7 OECD-less-US (1) 0,7 22 30 BRISE (2) 2,4 14 6 ROW (3) 2,1 8 4 Sum world 6,9 67 10
Source: Jorgen Randers, 2052, Chelsea Green, Vermont, May 2012
(1) Old industrial world, including EU, Japan, Canada, Australia, New Zealand etc (2) Brazil, Russia, India, South Africa and the ten biggest emerging economies (3) The remaining ca 140 countries of the world
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Figure 4-1 Population – World 1970 to 2050
World population will peak in 2040
Source: Jorgen Randers, 2052, Chelsea Green, Vermont, May 2012
0,0
1,0
2,0
3,0
4,0
5,0
0
2
4
6
8
10
1970 1980 1990 2000 2010 2020 2030 2040 2050
Birth rate (scale →)
Death rate
Population (←scale)
% / yr Gpersons
g120821 2052 database with slides Graph 1
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Source: Jorgen Randers, 2052, Chelsea Green, Vermont, May 2012
0,0
1,2
2,4
3,6
4,8
6,0
0
30
60
90
120
150
1970 1980 1990 2000 2010 2020 2030 2040 2050
Gross labor productivity (scale →)
10,000$ / person-yr G$ / yr
World GDP (←scale)
g120821 2052 database with slides Graph 3a
Population aged 15 to 65 (scale → →)
3.6
Gp
4.8
6.0
2.4
1.2
0.0
Figure 4-3b: Gross Domestic product – World 1970 to 2050 Definition: GDP = Population aged 15 to 65 years multiplied with Gross labour productivity
World GDP growth will slow down
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Figure 4-4: Production and Consumption – World 1970 to 2050
Share of GDP in investment will grow
Source: Jorgen Randers, 2052, Chelsea Green, Vermont, May 2012
0
30
60
90
120
150
0
8
16
24
32
40
1970 1980 1990 2000 2010 2020 2030 2040 2050
World GDP (scale →)
Investment share in GDP (←scale)
G$ / yr %
Consumption (scale →)
g120821 2052 database with slides Graph 4
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Figure 5-1: Energy Use – World 1970 to 2050
Energy use will peak in 2040
Source: Jorgen Randers, 2052, Chelsea Green, Vermont, May 2012
0
60
120
180
240
300
0
4
8
12
16
20
1970 1980 1990 2000 2010 2020 2030 2040 2050
World energy use (←scale)
toe / M$ Gtoe / yr
Energy intensity = Energy use per unit of GDP (scale →)
180
G$ / yr
World GDP (scale →→)
240
300
120
60
0 g120821 2052 database with slides Graph 6
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Figure 5-2: Energy Uses – World 1970 to 2052
Source: Jorgen Randers, 2052, Chelsea Green, Vermont, May 2012
Fossil fuels will prevail
0,0
1,3
2,6
3,9
5,2
6,5
1970 1980 1990 2000 2010 2020 2030 2040 2050
Oil use
Gtoe / yr
Nuclear use
Gas use
Coal use
Renewable energy use
g120821 2052 database with slides Graph 8
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Figure 5-3: CO2 Emissions from Energy Use – World 1970 to 2050.
Source: Jorgen Randers, 2052, Chelsea Green, Vermont, May 2012
World CO2 emissions will peak in 2030
0
1
2
3
4
5
0
10
20
30
40
50
1970 1980 1990 2000 2010 2020 2030 2040 2050
CO2 emissions (←scale)
tCO2 / toe GtCO2 / yr
Climate intensity = CO2 per unit of energy (scale →) 15
Gtoe/yr
Energy use (scale →→)
20
25
10
5
0 g120821 2052 database with slides Graph 9
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Figure 5-4: Climate Change – World 1970 to 2050
Temperature and sea-level will rise
Source: Jorgen Randers, 2052, Chelsea Green, Vermont, May 2012
0,0
0,5
1,0
1,5
2,0
2,5
0
100
200
300
400
500
1970 1980 1990 2000 2010 2020 2030 2040 2050
CO2 in atmosphere (←scale)
deg C ppm
Temperature rise (scale →)
0.9
m
Sea level rise (scale →→)
1.2
1.5
0.6
0.3
0 g120821 2052 database with slides Graph 10
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Source: Jorgen Randers, 2052, Chelsea Green, Vermont, May 2012
Average disposable income – 1970 to 2050
0
5.000
10.000
15.000
20.000
25.000
30.000
35.000
40.000
1970 1990 2010 2030 2050
(in 2005 PPP $ per person-year)
WORLD
BRISE
China
OECD
USA
RoW Residual
less US
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Democratic decision making takes time
COP 15 meeting in December 2009
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What should be done? – Globally 1. Slow population growth: Have fewer
children, particularly in the rich world
2. Reduce the footprint: Eliminate fossil fuels, first in the rich world
3. Help the poor: Build a climate-friendly energy system in the poor world
4. Temper short-termism: Establish supra- national institutions
5. Establish new goals: Increase societal wellbeing in a world without growth
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And so? Will this be the end of… 1. …capitalism?
No, in spite of my desire for modification
2. …economic growth? Yes, GDP growth will slow toward 2052
3. …slow democracy? No, we won’t speed up in spite of trying
4. …generational harmony? Yes, and we old will loose
5. …stable climate? Yes, unless there is extraordinary action