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Most new large apartment and commercial buildings must install heat pumps under the state’s new energy code.

By Emily Pontecorvo

New construction goes up in Bellevue in February 2022. A recently enacted state building code will require most new commercial buildings and large multifamily buildings to install electric heat pumps.

Washington recently became the first state in the country to mandate that newly constructed buildings be outfitted with all-electric space heating and hot water systems. 

The State Building Code Council voted 11-3 on April 22 to adopt a revised energy code that requires most new commercial buildings and large multifamily buildings to install electric heat pumps. The council is expected to consider a similar proposal for smaller residential buildings later this year. 

Heat pumps are an extremely energy-efficient technology that can extract heat from the outside air, even on very cold days, and pump it inside to provide space heating. They can also run in reverse and provide cooling in the summer. The revised code also mandates the use of heat-pump hot water heaters.

According to McKinsey, these are the 10 top technologies attracting the attention and funds of investors and technologists.

By Sean Fleming

• We’ll experience more technological progress in the coming decade than we did in the preceding 100 years put together, says McKinsey.
• And 10 tech trends will dominate this shifting landscape.
• Understanding the effects of this change can help avoid nasty shocks to the system, for both individuals and organizations.
• Businesses that are making the most of advances in tech are also in a good place to make the most in terms of return on their investments.

The pace of change in the technology sector has always been brisk. As much as 10 years worth of growth in e-commerce may have been compressed into just three months in late 2019, according to McKinsey & Company, which predicts that we’ll experience more technological progress in the coming decade than we did in the preceding 100 years put together. 

Any change can be unsettling and keeping pace with developments even more so. Part of the challenge is knowing which are the most significant changes and which are the ones that are less likely to bear fruit. 

According to McKinsey, these are the 10 top technologies attracting the attention and funds of investors and technologists. They are also the ones most likely to feature prominently in the changing face of the modern workplace. Understanding the impact they will have on organizations and on the people whose jobs will be affected, could be key to avoiding any of the worst downsides of the disruption that may follow.

By Avery Koop

By 2025, the world’s population will reach over 8.1 billion people.

Most of that population growth will be concentrated in cities across Africa and Asia. To help paint a detailed picture, this map uses data from the United Nations to rank the top 20 fastest growing cities in the world in terms of average annual growth rate from 2020 to 2025.

America’s population may be shrinking. That’s mostly because of Covid, but it’s also part of longer-term trends in fertility that show no signs of abating. These trends, which are worldwide, have already caused major economic dislocation and are likely to continue to do so.

First, some data. From 1936 to 1956, the U.S. fertility rate rose from 1.8 to 3.2. At the peak of the baby boom, the average woman in the U.S. was having at least three children who survived until adulthood. (A rate of 2.1 is considered replacement level, holding the population steady over time.)

The result was a huge generation that not only transformed American culture, but also created a market and labor pool for would-be entrepreneurs and growing corporations. From the 1960s through the mid-1980s, net domestic investment by private businessesaveraged 5.4% of GDP each year. One dollar of every $20 spent in the U.S. economy was directed toward expanding the size and scope of private enterprise.

South Korea is bracing for a momentous demographic shift that could be a bellwether of how other countries around the world will deal with aging populations in the decades to come.

By CHUNG MIN LEE,  KATHRYN BOTTO

How long can South Korea retain its global economic and technological competitiveness? Will the country maintain credible deterrence and defense postures well into the future? Are existing socioeconomic inequalities likely to worsen with worsening demographic trends? These questions lie at the heart of South Korea’s demographic trajectory.

South Korea’s ability to comprehensively address its demographic transition will affect every facet of its well-being, international image, national security, and even potential post-unification dynamics. This compendium examines various dimensions of South Korean society and the country’s geopolitical influence in light of its unprecedented demographic changes, which are already underway.