Blog – Global Emissions – Environment and GDP Policies
Emissions expected to rise in 2021 - https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/121120-global-co2-emissions-expected-to-rise-in-2021-despite-renewable-energy-growth
Worse polluting countries in the world - https://www.numbeo.com/pollution/rankings_by_country.jsp
China, India, and the USA account for nearly 50% of all emissions - https://www.statista.com/statistics/271748/the-largest-emitters-of-co2-in-the-world/
Energy poverty - https://www.iai.it/en/pubblicazioni/why-europe-should-care-about-energy-poverty-its-green-transition
Toxicity - https://www.wired.com/story/solar-panels-are-starting-to-die-leaving-behind-toxic-trash/
2. z
PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. z
INTRODUCTORY
• THE REAL WORLD NEEDS TO TURN TO TECHNOLOGY AS PART OF MANAGING THE ENVIRONMENT
• CO2 IS NOT THE ENEMY
• CLIMATE IS ALWAYS CHANGE THERE ARE MANY FACTORS THAT GO INTO CLIMATE –
4. AGENDA
• CANADA / EMISSIONS BY YEAR
• JAGMEET SINGH THE HYPOCRITE
• ELIZABETH MAY THE HYPOCRITE
• MINING SECTOR (ETHICAL, ENVIRONMENT AND CORRUPTION)
• FORESTRY SECTOR (ETHICAL, ENVIRONMENTAL AND
CORRUPTION)
• OIL SECTOR (ETHICAL, ENVIRONMENTAL AND CORRUPTION)
• CANADA IS CARBON SINK
• EXISTING TAXES FOR POLLUTION
• COST OF CARBON TAX (TOTAL PASS THROUGH)
• WORLD LEADERS OF EMISSIONS
• BLOG #1 – TRUDEAU IS AT 75% OF ITS 2030 TARGET
• BLOG #1 – EMISSIONS
• BLOG #1 – WATERWAYS
• BLOG #3 – FORESTRY MANAGEMENT
• CO2 AND ENVIRONMENT
• Clean Energy
• Urban Planning
• Balancing the Economy with the Environment
• Oil and Canada
• Agenda 2030 / Blog
• Job Quality
• Water Management
• Blog #4 – Hydrogen
5. GLOBAL EMISSIONS BY SECTOR
SOURCE - HTTPS://WWW.C2ES.ORG/CONTENT/INTERNATIONAL-EMISSIONS/
• Moving power to clean sources like hydro, nuclear, molten salt, wind, biomass,
solar, etc. - https://www.bccresearch.com/market-research/advanced-
materials/molten-salt-reactors-opportunity-and-global-markets.html or
https://www.cnbc.com/2018/11/08/china-india-will-lead-global-nuclear-
power-production-growth-experts.html
• Electrifying the transportation system – Transit and Container ships -
https://thebarentsobserver.com/en/industry-and-energy/2019/03/nuclear-
powered-container-ship-unloads-29000-tons-cargo-frozen-arctic or
https://www.businesswire.com/news/home/20190726005258/en/Worldwide-
Electric-Bus-Market-Growth-Trends-Forecasts
• Construction – zero emissions – cement -
https://www.euractiv.com/section/energy/news/worlds-first-zero-emission-
cement-plant-takes-shape-in-norway/ or Zero-emissions – Steel -
https://www.sustainablefinance.hsbc.com/articles/delivering-zero-carbon-
emissions-in-steel
• Cruise Ships - https://www.transportenvironment.org/press/luxury-cruise-
giant-emits-10-times-more-air-pollution-sox-all-europe%E2%80%99s-cars-
%E2%80%93-study
• Container Ships - https://www.maritime-executive.com/article/report-
container-shipping-is-making-progress-reducing-co2-emissions
6. CANADA AND EMISSIONS BY YEAR
SOURCE - HTTPS://WWW.CANADA.CA/EN/ENVIRONMENT-CLIMATE-
CHANGE/SERVICES/CLIMATE-CHANGE/GREENHOUSE-GAS-
EMISSIONS/SOURCES-SINKS-EXECUTIVE-SUMMARY-2020.HTML
Source -
https://torontosun.com/opinion/columnists/goldstein-
trudeau-to-miss-2020-emissions-target-by-99-2
7. CANADA AND EMISSIONS BY YEAR
Source – Environment of Canada / Government of Canada
• Liberals took power in October 2015 as such
policy changes by the party would not been
implemented until well into 2016 and
beyond.
8. GLOBAL EMISSIONS OUTLOOK FOR 2021
SOURCE - HTTPS://IHSMARKIT.COM/RESEARCH-ANALYSIS/CHINA-FUELING-REBOUND-IN-GLOBAL-CARBON-EMISSIONS-IN-2021.HTML
9. CARBON TAX
SOURCE - HTTPS://WWW.THEGUARDIAN.COM/COMMENTISFREE/2019/OCT/12/CARBON-TAX-IMF-INEQUALITY-CLIMATE-CHANGE
• IMF is part of the UN as such their policies will align
with Agenda 2030 -
https://www.imf.org/en/About/Factsheets/Sheets/2
016/07/27/15/31/IMF-World-Bank
• Carbon taxation will not fix poor environmental
records, i..e. poor waste management, poor water
management, poor urban Planning, poor
management of forests, etc. -
https://www.slideshare.net/paulyoungcga/worlds-
climate-and-co2-ghg-government-policy-carbon-tax
• Use of technology can play a vital role with fixing the
environment, i.e. zero emissions plans, molten salt
reactor, etc.
• Carbon taxation increases the cost of everything
which do little to help the low to middle class – e.g.
Canada Middle Class -
https://www.slideshare.net/paulyoungcga/canada-
middle-class-continues-to-struggle or
https://www.brookings.edu/blog/future-
development/2018/09/27/a-global-tipping-point-
half-the-world-is-now-middle-class-or-wealthier/
10. CANADA VS THE WORLD EMISSIONS
Source - https://newclimate.org/2019/12/10/the-climate-change-performance-index-2020/
11. z
ENVIRONMENTAL, CORRUPTION AND
OTHER RANKINGS
@Justintrudeau who is fed information by @telfordk and @GMbutts has little or no interest in developing the natural
resources sector. Trudeau has been on record saying "Canada should be known for its resourcefulness and not its Natural
Resources"
https://www.slideshare.net/paulyoungcga/2019-election-natural-resources-development-and-sustainability-canada-september-
2019
12. z
FORESTRY SECTOR - No trees planted -
https://www.theglobeandmail.com/politics
/article-no-budget-yet-for-trudeaus-pledge-
to-plant-two-billion-more-trees-by/
- Oil and Gas -
https://context.capp.ca/articles/2019/featu
re_faster-forests
- Lumber costs continue to be an issue -
https://markets.businessinsider.com/comm
odities/lumber-price
- Forestry sector is already facing many
issues including softwood lumber dispute,
carbon tax, etc. -
https://www2.slideshare.net/paulyoungcga
/what-is-next-for-the-world-and-its-forest
- Circular economy needs to be better
supporting through regulation and tax
reforms -
https://www2.slideshare.net/paulyoungcga
/how-to-best-support-a-circular-economy
15. z
TAXING IN POLLUTION
@cathmckenna
Where has Mckenna discussed sewage being dumped?
Where has McKenna discussed the cruise ship/emissions?
Where has McKenna discussed the carbon tax on imports?
Where has Mckenna discussed the BC failures on Emissions?
https://www.slideshare.net/paulyoungcga/climate-change-is-
manmade-or-not
16. z
HOUSEHOLD COSTS / CARBON PRICING
How so? The carbon tax would cost people an extra $1,100 to
1,800 through higher costs. The tax rebate would be lucky to
cover 10% of the cost. Liberals are lying as they normally do
because they do not consider the complete past through of
the carbon to consumer goods, household expenses, etc.
https://www.slideshare.net/paulyoungcga/the-art-of-taxing-
pollution-canada-april-2019
It is the liberals that are dishonest as they never released
their carbon pricing economic impact, why?
https://capforcanada.com/canadian-households-to-pay-1100-
per-year-in-carbon-
tax/?fbclid=IwAR02rsYH4ht9Gw3ESA0MsI34UeLjjnZ6sFW40
leAoqVLr0FqY56wFuJgpJc or
https://www.slideshare.net/paulyoungcga/the-art-of-taxing-
pollution-canada-april-2019
Or https://www.slideshare.net/paulyoungcga/the-art-of-taxing-
pollution-canada-april-2019
17. z
COST OF LIVING
• A CARBON TAX IS REGRESSIVE TAX WHICH HURT THE LOW TO MIDDLE CLASS MORE IN TERMS COSTS
• CARBON TAXES ARE PASS ALONG THE SUPPLY CHAIN INCLUDING HOUSING, FOOD, ETC.
• HTTPS://WWW2.SLIDESHARE.NET/PAULYOUNGCGA/COST-OF-LIVING-IN-CANADA-OCTOBER-2020
18. z
WORLD LEADERS OF EMISSIONS
Source - https://www.ucsusa.org/global-warming/science-and-
impacts/science/each-countrys-share-of-co2.html
How come no one asks @ElizabethMay about the # of
cruise ships coming into Victoria including their carbon
footprint?
Or Sewage being dumped
(https://www.slideshare.net/paulyoungcga/climate-change-is-
manmade-or-not
May is ok with cruise ships, but not oil, right?
https://www.slideshare.net/paulyoungcga/why-do-politicians-
play-games-with-the-environment (see slide 12)
Fabric industry has higher emissions -
https://www.cbsnews.com/news/earth-day-2019-fashion-
industrys-carbon-impact-is-bigger-than-airline-industrys/
19. z
CARBON TAX AND PARIS
• Oil and Gas sector account for about 200 metric tons of emissions - https://www.nrcan.gc.ca/energy-and-greenhouse-gas-
emissions-ghgs/20063 . Trudeau needs a 15.2 metric ton elimination or that would be like wiping out the oil and gas sector in 12
years.
• Higher carbon taxes to push more people off from driving - https://www.ctvnews.ca/politics/mckenna-denies-claim-carbon-tax-
may-exceed-50-a-tonne-1.4565225
• Trudeau is not being truthful when it comes to how he will achieve the emissions targets
• BC carbon tax seen a rise in emissions - https://www.cbc.ca/news/canada/british-columbia/bc-greenhouse-gas-emissions-
carbon-tax-1.5277439
20. z
BLOG #1 – CLIMATE
• I AM ALL FOR THE ENVIRONMENT AS I HAVE BEEN SINCE I WAS LITTLE. THE PROBLEM IS TOO MANY POLITICIANS ARE PLAYING
GAMES WITH THE ENVIRONMENT FOR VOTES.
• THESE STUDENTS AND OTHERS ARE BEING USED AS PAWNS TO SUPPORT THE AGENDA 2030 (SOROS)
• HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/WHY-DO-POLITICIANS-PLAY-GAMES-WITH-THE-ENVIRONMENT
• OR
• HTTPS://CEI.ORG/BLOG/WRONG-AGAIN-50-YEARS-FAILED-ECO-POCALYPTIC-PREDICTIONS
• OR
• SCRAPPING HISTORY - HTTPS://TORONTOSUN.COM/OPINION/COLUMNISTS/GOLDSTEIN-FEDS-SCRAPPED-100-YEARS-OF-DATA-
ON-CLIMATE-CHANGE
21. z
CLEAN TECHNOLOGY
• @BENLOBBMP
• @ELECTALLANT CAN YOU SHOW ME HOW YOUR GOVT PLANS TO TURN UNPROFITABLE CLEAN TECHNOLOGY COMPANIES
INTO PROFIT MAKERS? CAN IS NR COUNTRY AS SUCH YOUR PARTY NEEDS TO STOP TREATING NATURAL RESOURCES WITH
UTTER DISGUST!
• HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/HAVE-THE-LIBERAL-PARTY-OF-CANADA-SUPPORTED-THE-NATURAL-
RESOURCES-SECTO
• HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/EV-ELECTRICAL-VEHICLES-ALL-YOU-NEED-TO-KNOW-238428364 OR
HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/CLEAN-TECHNOLOGY-THE-GREEN-ECONOMY
• @NAVDEEPSBAINS
• I KNOW THAT YOU ARE ACCOUNTANT BY TRADE AS SUCH YOU SHOULD UNDERSTAND THAT COMPANIES LOSING MONEYS DO
NOT PAY CORPORATE INCOME TAX, RIGHT? SO, HOW ARE YOU GOING TO FIX MONEY LOSING COMPANIES IN THE CLEAN TECH
SECTOR?
22. z
PLASTIC AND RIVERS
This aligns to what @AndrewScheer talk about in terms of technology https://www.ecowatch.com/ocean-cleaning-
device-plastic-2640832397.html?fbclid=IwAR2hXnAZtpi5FnOi4SzGD6IM6WwRESOoPTH-
sONxqVehheE5mYsvoVa30UY
Where is @JustinTrudeau or @cathmckenna or @ElizabethMay on using technology to clean up the environment?
BTW: Foreign aid to countries is not helping clean up the environment
https://www.slideshare.net/paulyoungcga/climate-change-and-foreign-aid-canadas-role
Catherine McKenna
Carbon tax will not fixed sewage being dumped into waterways – CPC has made a pledge to stop sewage being
dumped - https://globalnews.ca/news/5980425/conservatives-pledge-to-stop-release-of-raw-sewage-into-waterways/
23. z
FOREST MANAGEMENT
https://globalnews.ca/news/5960379/trudeau-plant-trees-climate-
change/
“Liberals vow to plant 2 billion new trees in fight against climate change”
@JustinTrudeau
How come you never mentioned that 77% of the forest are owned by the provs?
How come you never mentioned that NR are the responsibility of the provs?
@GasPriceWizard
ONT tried a similar program and never reap the benefits
https://www.slideshare.net/paulyoungcga/what-is-next-for-canadas-forestry-sector
Source - https://cfs.nrcan.gc.ca/statsprofile or https://www.slideshare.net/paulyoungcga/what-is-next-for-
canadas-forestry-sector or https://www.slideshare.net/paulyoungcga/whats-next-for-the-forestry-sector
Natural Resources are provincial matter so why is @justintrudeau doing this approach. Ontario tried this type
of service and it never achieve the results.
25. z
BLOG #3 -
• YOUR PARTY HAS NO NR STRATEGY. YOU KEEP PUSHING ONE VIEW OF NR AND THAT IS WRONG! I SUPPORT GETTING ALL CDNS NR OUT OF THE GROUND IN AN
ECONOMICALLY, ENVIRONMENTALLY, AND SUSTAINABLE WAY. - HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/CANADA-AND-NATURAL-RESOURCES-
DEVELOPMENT-AND-EXPORT-STRATEGY
• OIL NEEDS TO STOP BEING DEMONIZED - HTTPS://WWW.BLOOMBERG.COM/NEWS/ARTICLES/2020-05-12/BIG-OIL-HAS-BIG-PLANS-FOR-NET-ZERO-ARE-THEY-
CREDIBLE?UTM_MEDIUM=SOCIAL&CMPID=SOCIALFLOW-TWITTER-BUSINESS&UTM_SOURCE=TWITTER&UTM_CAMPAIGN=SOCIALFLOW-
ORGANIC&UTM_CONTENT=BUSINESS OR HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/WHY-DO-POLITICIANS-PLAY-GAMES-WITH-THE-ENVIRONMENT
• URBAN PLANNING NEEDS TO BECOME MORE INNOVATED - HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/URBAN-AND-RURAL-PLANNING-WHATS-NEXT-
236315321
• MORE OPERATIONAL AUDITS INCLUDING RISK MANAGEMENT - HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/HOW-TO-REFORM-LOCAL-AND-MUNICIPAL-
GOVERNMENT
•
26. z
RISK MANAGEMENT / MITIGATION
• ALL LEVELS OF GOVERNMENT NEED TO HAVE THEIR RISK AND CRISIS MANAGEMENT REPORTS AUDITED AS
PART OF MITIGATING RISK - RISK AND CRISIS MANAGEMENT -
HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/ESTABLISHING-BEST-PRACTICES-WHEN-IT-COMES-
TO-MANAGING-CRISIS-PRIVATE-SECTOR-AND-PUBLIC-SECTOR
27. z
CLEAN ENERGY
Source - https://www.slideshare.net/paulyoungcga/electricity-market-analysis-and-commentary or
August 2020 Report - https://www2.slideshare.net/paulyoungcga/electricity-production-and-
distribution-analysis-august-2020
28. z
BLOG – URBAN PLANNING
URBAN PLANNING HAS BEEN AN ISSUE FOR A FEW YEARS. THERE NEEDS TO CHANGE THAT SUPPORTS
BUILDING METHODS THAT WOULD HELP MAKE HOUSING AFFORDABLE. THERE ALSO NEEDS TO BE A RURAL
VS URBAN PLANNING STRATEGY AS WELL. SOURCE -
HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/URBAN-AND-RURAL-PLANNING-WHATS-
NEXT-236315321
By-laws have to be amended to better support alternative housing solutions -
https://www2.slideshare.net/paulyoungcga/housing-market-canada-and-usa-october-2020
29. z
BLOG – GDP AND ENVIRONMENT
I HAVE WRITTEN MANY BLOGS ON WHAT IS REQUIRED TO SUPPORT GDP GROWTH. IT IS TOO BAD
THAT @GMBUTTS DOES NOT LISTEN TO PEOPLE LIKE ME AND OTHERS AS BUTTS IS ALL ABOUT THE
GREEN AGENDA! SOURCE - HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/HOW-TO-ADDRESS-
ISSUES-FACING-GETTING-GOODS-TO-MARKET OR AUGUST 2020 GDP -
HTTPS://WWW2.SLIDESHARE.NET/PAULYOUNGCGA/GDP-CANADA-AUGUST-2020
30. z
BLOG – OIL AND CANADA
• Canada natural resources are both ethically
and environmentally sound. Canada could
help with the emissions reduction due to
stringent environmental regulations related
to environment
• Canada’s natural resources are about 11% of
total GDP. Natural Resources jobs pay about
30-40% more than jobs in the service sector.
https://www.slideshare.net/paulyoungcga/n
atural-resources-canada-what-is-next or
November 2020 Report -
https://www2.slideshare.net/paulyoungcga/
energy-sector-oil-and-gas-analysis-and-
commentary-239189333
31. z
AGENDA 2030
WHERE IS THE BUSINESS CASE THAT SUPPORT THIS AGENDA? OOPS, THAT WOULD BE AGENDA 2030
- - HTTPS://WWW2.SLIDESHARE.NET/PAULYOUNGCGA/AGENDA-2030-CANADA-ECONOMIC-RESET
32. z
JOB QUALITY / CANADA
• HTTPS://WWW2.SLIDESHARE.NET/PAULYOUNGCGA/GENDER-INCOME-INCOME-INEQUALITY-COVID19-CANADA - WHY ARE
LIBERALS' STUDY ON GENDER EQUALITY SO LACKING WITH EITHER SOLUTIONS OR ALL THE FACTS? -
HTTPS://WWW2.SLIDESHARE.NET/PAULYOUNGCGA/GENDER-INCOME-INCOME-INEQUALITY-COVID19-CANADA
@MARYAMMONSEF YOU ARE OVER GENDER EQUALITY, RIGHT?
• KEY AREAS: STEM, SKILLS TRADES, AND GETTING GOODS TO MARKET OR
HTTPS://WWW2.SLIDESHARE.NET/PAULYOUNGCGA/CANADA-YOUTH-LABOR-MARKET-OCTOBER-2020
• Monsef is joking about how much she makes which is close to $250K. The avg.
income in Peterborough is about 58K -
http://areascore.ca/area/Peterborough_ON/income_median-income-statistics
• There is no need for a wealth tax but other tax reforms -
https://www2.slideshare.net/paulyoungcga/does-the-world-need-a-wealth-tax
• Ontario and other areas already experience energy poverty -
https://energyrates.ca/energy-poverty-in-canada-how-each-province-performs/
• Good-producing sector jobs pay 30-40% more than the service sector. You would
think good-paying jobs would be a top priority for the LPC right? -
https://www2.slideshare.net/paulyoungcga/getting-goods-to-market-what-needs-
to-happen-by-all-levels-of-government
• Many small businesses are about to fail due to COVID19 including lack of govt
support - https://www2.slideshare.net/paulyoungcga/small-business-post-
covid19-survival-or-collapse-analysis-and-commentary
33. z
WATER MANAGEMENT
THE GREAT LAKES ARE WELL PROTECTED. MORE CAN BE DONE TO PROTECT THE GREAT LAKES
ALONG WITH OTHER WATERWAYS, BUT IT WILL TAKE JOINT EFFORTS FROM ALL LEVELS OF GOVT
ALONG WITH COOPERATION OF USA FEDERAL GOVT.
HTTPS://WWW2.SLIDESHARE.NET/PAULYOUNGCGA/WATER-MANAGEMENT-CANADA-AND-THE-
WORLD-NOVEMBER-2020
34. z
BLOG #4 - HYDROGEN
• HYDROGEN ALSO REACTS WITH HYDROXYL RADICALS AND, IN DOING SO, REDUCES THEIR CONCENTRATION.
ANY HYDROGEN LEAKED INTO THE ATMOSPHERE – SUCH AS DURING PRODUCTION, TRANSPORT OR AT THE
POINT OF USE – COULD CAUSE THIS REACTION. THIS WOULD REDUCE THE NUMBER OF HYDROXYL RADICALS
AVAILABLE FOR THEIR IMPORTANT CLEANSING FUNCTION. SOURCE - HTTPS://THECONVERSATION.COM/DONT-
RUSH-INTO-A-HYDROGEN-ECONOMY-UNTIL-WE-KNOW-ALL-THE-RISKS-TO-OUR-CLIMATE-140433
Why is nobody talking about the environmental impact of hydrogen?
Hydrogen outlook - https://www.canadianmanufacturing.com/environment-and-safety/global-green-
hydrogen-production-to-reach-5-7m-tonnes-by-2030-powered-by-decarbonization-266060/
Here is my work on Hydrogen:
https://www2.slideshare.net/paulyoungcga/the-future-of-hydrogen
35. z
GLOBAL WARMING
I HAVE ALWAYS SUPPORTED TAKING CARE OF THE ENVIRONMENT. I AM MORE CONCERN WITH MISS
INFORMATION BEING SPREAD AROUND WHAT IMPACTS THE CHANGES TO EARTH’S CLIMATE.
Global fossil fuel emissions dropped by about 7% in 2020, but a rebound is likely to occur when lockdowns
ease up unless recovery packages focus on ‘green recovery'
https://www.canadianmanufacturing.com/features/new-research-suggests-1-5c-climate-target-will-be-out-
of-reach-without-greener-covid-19-recovery-plans/
Was this not supposed happen in 1989 - https://apnews.com/article/bd45c372caf118ec99964ea547880cd0
Here is my work on the environment - https://www2.slideshare.net/paulyoungcga/environmental-policies-
climate-change-canada-and-the-world
36. z
SUMMARY
• MORE NEEDS TO BE DONE IN TERMS URBAN PLANNING
• MORE NEEDS TO BE DONE IN TERMS OF WATER MANAGEMENT, FOREST MANAGEMENT, AIR QUALITY AND LAND
MANAGEMENT
• ALL LEVELS OF GOVERNMENT NEED TO HAVE AUDITED RISK AND CRISIS MANAGEMENT REPORTS
• CANADA IS A CARBON SINK
• ALL GOVERNMENTS NEED TO LOOK AT TAX AND ENVIRONMENTAL POLICIES
• I SUPPORT BALANCE BETWEEN THE ENVIRONMENT AND ECONOMY -
HTTPS://WWW2.SLIDESHARE.NET/PAULYOUNGCGA/WHAT-IS-NEXT-FOR-THE-GLOBAL-ECONOMY-JANUARY-2021