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China’s High-Speed Rail: the Rapid Growth of a New Travel Option
BEIJING – China has the world’s largest and still expanding high-speed rail (HSR) network, but whether ridership would materialize has been the subject of much debate. A new World Bank paper finds initial traffic volumes are promising, with traffic growing from
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SWIFT Enters Into Real-Time Retail Domestic Payments
New project win to build an innovative solution for domestic payments in Australia is the first major milestone for the cooperative. SWIFT announces plans to develop real-time retail domestic payment solutions. SWIFT is creating an offering that allows domestic retail
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New World Bank Initiative to Help End Wasteful Energy Subsidies
A new World Bank-ESMAP facility helps countries develop and implement effective, sustainable energy subsidy reform programs that protect the poor from the impact of higher energy prices. Such subsidies primarily benefit higher-income earners rather than the poor, but if subsidies
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How Thailand’s Solar Power Visionary Built an Industry with a Boost from IFC
One of the winners of this year’s UN Momentum for Change awards has been transforming Thailand’s renewable energy capacity with utility-scale solar farms. To get finance flowing for what was then a new industry in the country, she worked with
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Clean Undustrialisation Critical for Africa to ‘Leapfrog’ Outdated Technologies
Africa needs a green, clean industrialization that leapfrogs outdated, polluting processes and platforms and benefits from new technologies, United Nations Secretary-General Ban Ki-moon said today as the world body marked Africa Industrialization Day. In a statement on the Day, Mr. Ban
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Sir Timothy Berners-Lee: Catching the World in a Web
He may not have invented the Internet, former US vice-president Al Gore did that (…), but British computer scientist Sir Timothy Berners-Lee made the World Wide Web (www) as we know it today possible by coming up with the HyperText
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Shinya Yamanaka: Unlocking the Potential of Cells
Professor Shinya Yamanaka of Kyoto University is in the business of time travel. He discovered that fully mature cells can be induced to revert to their earlier pluripotent state. Such a pluripotent cell has yet to develop into one of
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Dr Rachid Yazami: A Battery-Powered Future
Dr Rachid Yazami almost single-handedly invented a global business now worth some $15bn annually. But, he’s not in it for the money. Rather, this Morocco-born scientist is motivated by the thrill of discovery. Dr Yazami has some seventy patents to
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New Report Identifies Major Clean-Tech Market Opportunity for Small Businesses in Developing Countries
Small and medium-sized enterprises (SMEs) in developing countries can generate significant growth and create jobs by seizing a potential $1.6 trillion market opportunity in clean technology. Latin America and Africa are among the largest markets for SMEs in clean technology
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What Does Carbon Pricing Success Look Like? Ask These Leaders
British Columbia, Sweden, California and China have been pioneering carbon pricing systems to lower emissions and help shift their economies onto cleaner, greener trajectories. Currently, nearly 40 countries and more than 20 cities, states, and provinces use a form of
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