We assess the implications of two types of monetary policy responses: a ‘passive’ monetary policy response that keeps the real interest rate constant and ‘active’ policies that raise the real rate substantially by responding to inflation measures, such as headline, core, or energy inflation. In Bobasu et al. (2024), we compare the two using a […]
Training a single AI model can emit as much greenhouse gas as burning 300,000 pounds of coal, underscoring the need for ‘Green AI.’ This approach includes adopting efficiency improvements, regulatory frameworks, and mindful AI deployments to mitigate environmental impact. Artificial intelligence (AI) models have increasingly been deployed across the globe. Businesses are particularly interested in […]
Asia and the Pacific is central to global climate change efforts, but robust capital markets are needed to mobilize private climate finance. Sustainable finance frameworks, transition finance, and carbon markets can build deeper markets that empower climate action. Asia and the Pacific relies on fossil fuels for nearly 85% of its energy, produces about half the world’s […]