Voluntary carbon markets are where carbon credits can be purchased by those that voluntarily want to offset their emissions. According to the forecast from McKinsey , annual global demand for carbon credits could reach up to 1.
This has steep implications for the voluntary carbon market: McKinsey estimates that in just a fraction of these totals were retired by buyers, at roughly 95 million metric tons. A carbon credit represents one metric ton of greenhouse gas GHG emissions.
As companies contend with time and technological gaps in reducing their emissions, they purchase carbon credits to help offset their emissions. These purchases are facilitated by brokers who connect corporate buyers with project developers. Project developers create carbon offset projects, such as protecting mangroves or reforestation. These projects, in turn, generate carbon credits. Some projects also advance multiple United Nation Sustainable Development Goals by providing additional economic, social, educational, or biodiversity benefits.
Here is the transaction volume and value of the voluntary carbon markets. Driving this demand are corporate net-zero commitments , among other factors. As bold action is being increasingly expected from shareholders, carbon credits will likely play a greater role in corporate climate strategy.
Connect with us. The Global Age Composition Our global population is getting older, largely because of increasing life expectancies and declining birth rates. Where does this data come from? Please enable JavaScript in your browser to complete this form. Sign up. Thanks to medical advances, improved nutrition, and less demanding lifestyles, year-olds in most countries can expect not only longer lives, but more years in good health , than their parents or grandparents.
These factors all make it difficult to use age-dependency for drawing comparisons or assessing economic troubles — specifically, a breakdown in the balance between workers and non-workers. The Labor Force Dependency Ratio LFDR is useful for this purpose, showing the number of people participating in the labor force relative to those not in the labor force. Projections for the EU and UK show that regardless of possible developments in fertility or migration, there is clear, unstoppable momentum towards population aging.
Whereas the aging is inevitable, labor participation can change and play a decisive role in determining the future of dependency. The scenarios illustrate a range of pessimistic and optimistic outlooks, depending on if you use the Age Dependency Ratio where we do not account for labor force participation past the age of 65 , the Labor Force Dependency Ratio which covers everyone participating in the labor force , or a LFDR scenario that assumes gradual improvements in labor participation e.
Even though the LFDR is still expected to climb, it suggests more flexibility. If Europe were to move closer to higher participation rates among its adult both under and over population as for example in Sweden, Czechia, Germany, or the Baltic countries , then much of the feared rise in dependency would fail to materialize.
To the extent that is achievable, education systems must be more responsive to in-demand skills and relevant to the broader economy. Countries across the world have been going through an important demographic transition: from young to increasingly ageing populations. In the number of people older than 64 years old surpassed the number of children under 5 years old. This was the first time in history this was the case. In this chart you can explore the projected age structure of future populations — for any country or world region.
Just click on Change Country in the bottom left. Going beyond the global perspective, when did this crossover point occur in countries around the world? The timing varied significantly between countries — in higher income countries with low fertility rates and longer life expectancies, it has been shifting for decades.
In the United States, under-5s were already outnumbered by those older than 64 by In Spain it was ; in South Korea it was For many countries, this crossover point is still to come.
The number of children under 5 years old is projected to peak and plateau for most of the 21st century. Different countries face different challenges.
High-income countries with a large elderly population face the same challenge for working-age populations. But how is this expected to change in the future? Since the youth share is not expected to change significantly, this means the share of the population of working-age is expected to fall further.
Nigeria currently has a very young population. But these children and adolescents will move into the working-age bracket soon and share of the productive, working-age population will increase significantly in the coming decades. From an economic perspective, the changing age structure generates very different opportunities and challenges across the spectrum of countries.
But as research shows: taking advantage of this opportunity is not a given. India — as the second-most populous countries and a country that has seen rapid decline in fertility rates in recent decades — has had a large potential demographic dividend. Studies, however, suggest that despite impressive rates of economic growth , India has failed to take full advantage of this possible demographic dividend.
To reap the benefits of this demographic transition a few conditions are required: the labour market and jobs need to be available for young adults to move into; and the employability status of the youth needs to be suitable to fill these jobs. Furthermore, female-specific conditions such as death in childbirth , can reduce life expectancy in women, particularly in developing countries. Median Age Show Source. Median Age. Please click button Export to Excel file to receive all records.
This interactive data query offers data for selected indicators from the medium variant of World Population Prospects A set of Excel files containing all available indicators and other projection variants see Definition of Projection Variants for further details , including probabilistic results, is available from the Download Center.
For advanced users who need to use these data in a database form or statistical software, we recommend to use the CSV format for bulk download. On 28 August a minor technical correction was made to the population projected after for selected countries and regions, and to the population interpolated by single year and single age for both sexes, see release note for further details.
Disclaimer: This web site contains data tables, figures, maps, analyses and technical notes from the current revision of the World Population Prospects. These documents do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries.
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