2.2 Global Futurism and Megatrends

City dwelling has passed the 50% mark and it is predicted that 68% of the world’s population will live in cities by 2050. This pressure alongside disruptive technologies will remap cities.

While cities are attractors, it is predicted that talent will leave behind megacities for smaller, more liveable cities. For the first time, 2020 saw more people leave Australia’s two biggest cities for the regions, rather than regional people move to cities. The pandemic experience also saw increased interest in regional lifestyle and family liveability.

Urbanisation and a growing middle class in emerging economies will mean more people have disposable income. This will lead to increased consumerism and a greater demand for energy. The consequence will increase the push for energy efficiency and renewables in line with the State and Commonwealth policy drive to Net Zero.

The Australian Energy Market Operator (AEMO) reported WA’s record energy demands in early 2023, echoing the prediction from CSIRO Megatrends (2022) that energy needs will continue to soar. Demand and calls for green energy will create greater employment as manufacturers look to remove emissions from their supply chains. Countries like Australia have a solar advantage.