The fertility rate in England and Wales has fallen for the third year in a row. It is a story that is being repeated all over the world, with two thirds of the global population now living in countries with below replacement level fertility. Low fertility rates have become a talking point on the political right, with Elon Musk claiming that population decline is an existential threat to the future of humanity. But for others, the timescales involved are too vast to start worrying about now. So how should we be thinking about population decline? In episode one of a two-part series, Madeleine Finlay speaks to Dean Spears, assistant professor of economics at the University of Texas at Austin, and to Dr Jennifer Sciubba, president and CEO of the Population Reference Bureau, to find out what has happened to global birth rates, and how governments are trying to tackle the fall. Help support our independent journalism at theguardian.com/sciencepod

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