Enlarge / Eliminating extreme poverty won’t necessarily boost emissions as much as people fear. (credit: Soltan Frédéric ) The United Nations’ first Sustainable Development Goal (SDG) aims to eradicate poverty around the world. If implemented, however , it might see people consume more—drive more often, buy more products—and, thus, produce more carbon emissions, fueling climate […]
Tag: World Bank
World Bank slams bitcoin, declines to help El Salvador’s cryptocurrency plan
Enlarge (credit: Aurich Lawson | Getty Images) Last week, El Salvador’s government passed a law to accept bitcoin as legal tender alongside the US dollar. The country receives $6 billion in remittances per year—nearly a quarter of its gross domestic product—and the hope is that bitcoin’s lower transaction costs could boost that amount by a […]
Former World Bank president James Wolfensohn Expires at 86
James Wolfensohn, that functioned as the president of this World Bank for ten decades and has been a guiding force to get a few the most famous cultural associations at the U.S.,” has expired. Wolfensohn died Wednesday in his home in Manhattan in accordance with the Institute for Advanced Study, in which he was a […]