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Technology Business Energy Featured News World

Europe’s old power plants to get digital makeover driven by AI boom

 Some of Europe’s ageing coal and gas fired power plants can look forward to a more high-tech future as big tech players, such as Microsoft and Amazon, seek to repurpose them as data centres, with ready-made access to power and water. Companies such as France’s Engie , Germany’s RWE, and Italy’s Enel are looking to benefit from […]

Business Featured News World

Laws, Data, and Empowerment: Insights from UNDP’s Women’s Empowerment Index and World Bank’s Women Business and Law Index

When it comes to improving economic outcomes for women and women’s empowerment, effective action requires reliable data. Yet, data capturing the full scope of women’s lives is often scarce, making it hard to identify what holds women—and entire economies and societies—back. Without solid evidence, the path to women enjoying the same opportunities as men is […]

Climate Energy Environment Featured tax

Beyond carbon: The overlooked benefits of fuel taxation

Fuel and carbon prices are typically assessed based on their effectiveness in reducing emissions, while their broader societal benefits often go overlooked. This column evaluates one of the world’s largest environmental tax experiments – Germany’s eco-tax reform – and finds that it led to sizable reductions not only in carbon emissions but also in harmful […]

Education Featured Gender Lifestyle World

Childhood friendships and the gender equality paradox in education

The most economically prosperous and gender-equal societies often display stronger gender segregation in educational choices – a pattern known as the ‘gender equality paradox’. This column explores this paradox using data on half a million children in 37 Western countries and 10,000 British families over two decades. The findings suggest that gender segregation in education […]

trade Business Economy Featured Finance

Trade’s emissions paradox: What it means for developing countries

International trade plays a complex role in shaping environmental outcomes. A new World Bank paper, “Trade’s Emissions Paradox: Cutting Greenhouse Gases, Raising Air Pollution,” prepared for the forthcoming flagship report “Reboot Development: The Economics of a Livable Planet,” brings a new perspective to the debate by revealing an important insight: while global trade has contributed […]

Finance Banking Featured News World

Beyond fragmentation: Building self-reliance in a shifting aid landscape

The global development landscape is undergoing seismic shifts. Foreign aid, a critical lifeline for billions, is shrinking, after becoming fragmented at an alarming rate over the last two decades. At the same time, more than half of low-income countries are deep into or teetering on the brink of debt distress, with median public debt soaring from 20 […]

Finance Banking Business News World

Building debt transparency and resilience across East Asia and the Pacific

As the world continues to emerge from the COVID-19 pandemic and its aftermath, countries face new and unexpected challenges. Elevated debt levels, persistent inflation, and weakened growth prospects have created a perfect storm of financial pressure. For many nations, this has meant shrinking the budgets in vital sectors like health, education, and the environment. In […]

trade Climate Environment Featured News

Services trade and environmental sustainability

There is growing recognition that the specific characteristics of services sectors and services trade have important environmental implications. For example, services trade can foster technological advancements and solutions that reduce the environmental footprint of economic activities. This column presents empirical evidence that reducing policy restrictions on imported services inputs lowers the emissions intensity of downstream […]

World Economy Featured trade

How much research talent could Europe grab from the US?

The policies of the Trump administration have put the research environment in the United States under pressure. Public research funding cuts, hostility towards academic freedom, climate science denial and the detaining or exclusion of foreign researchers have unsettled the scientific community in the US. Researchers question the US’s traditional role as a safe haven for […]