AI’s Economic Benefits Surpass Emissions Concerns According to IMF

by News Editor

April 27, 2025

The International Monetary Fund (IMF) has recently highlighted the potential economic benefits of artificial intelligence (AI), projecting a global output boost of approximately 0.5% per year from 2025 to 2030. This growth is expected to surpass the environmental costs associated with higher carbon emissions from AI-driven data centers.

The report, showcased at the IMF’s spring meeting, emphasizes the need for equitable distribution of these economic gains while managing the adverse effects on our climate. The forecast indicates that AI’s contribution to GDP growth will outweigh the financial impacts of emissions, though it points out the necessity for policymakers and businesses to mitigate societal costs.

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Energy Demands and Environmental Footprint

AI is set to escalate global electricity demand, potentially reaching 1,500 terawatt-hours (TWh) by 2030, mirroring the energy consumption of countries like India today.

The increasing demand for data processing capacity could result in higher greenhouse gas emissions, but the AI industry aims to offset these with advancements in renewable energy technologies.

AI: A Driver for Energy Efficiency?

Analysts suggest that AI could potentially reduce carbon emissions through improved energy efficiency, fostering advancements in low-carbon technologies across sectors such as power, food, and transport. Grantham Research Institute stresses the significance of strategic action from governments and industries to facilitate this transition.

The role of AI in the global economy continues to evolve, stirring debates not only about its economic potential but also its environmental impact.

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Plug And Play Cyprus Debuts As A Catalyst For Global Innovation

by THEFUTURE.TEAM

April 9, 2026

International Collaboration For A Digital Future

Plug and Play Cyprus was officially launched at an event held at the Presidential Palace in Nicosia. The initiative is aimed at strengthening collaboration between international investors, startups, and the local innovation ecosystem, expanding Cyprus’s role in global technology networks.

Government Endorsement And Strategic Vision

The event brought together government officials, representatives from Plug and Play Tech Center, and key stakeholders from the technology and entrepreneurship sectors. Dr Nicodemos Damianou, Deputy Minister of Research, Innovation and Digital Policy, said the initiative reflects Cyprus’s approach to attracting high-value investment and strengthening links with global innovation networks. He added that the focus includes building partnerships with international stakeholders and supporting the development of modern production capabilities.

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A Bridge To Global Markets

Minister Ireni Piki said the platform connects international capital with local entrepreneurs and global technology networks. She noted that the initiative is intended to support collaboration, improve access to international markets, and facilitate partnerships that contribute to economic growth and innovation. The platform also reflects ongoing efforts to align Cyprus’s investment strategy with global market dynamics.

Plug And Play Tech Center: A Global Powerhouse

Plug and Play Tech Center, founded in 2006, operates as a global innovation platform and startup accelerator with presence across multiple international locations. The organisation connects startups with corporations, venture capital firms, and public sector entities, providing access to global networks, investment opportunities, and commercial partnerships.

Driving Economic Resilience Through Innovation

Innovation and investment remain key elements of economic development, particularly in a period of geopolitical uncertainty. Plug and Play Cyprus is expected to support startups and SMEs by improving access to funding, international partnerships, and market opportunities, while strengthening links between local companies and global investors.

Noteworthy Achievements In The Cypriot Innovation Landscape

Damianou said Cyprus ranks 25th in the Global Innovation Index and 15th in the StartupBlink Innovation Business Environment Index, while also ranking among the leading ecosystems in Southern Europe. The startup ecosystem recorded 28% growth over the past year, positioning Cyprus among the faster-growing markets in Europe.

Accelerating Market Readiness And Commercial Success

Seena Amidi, Managing Partner at Plug and Play Tech Center, said the platform supports startups in testing their products across different markets. He explained that the approach focuses on market validation and helping companies build commercial partnerships, allowing startups to adapt quickly to different market environments.

Positioning Cyprus As A Global Innovation Hub

Cyprus continues to expand its startup ecosystem, supported by both local and international entrepreneurial activity. Plug and Play Cyprus is expected to strengthen connections between startups and global investors, contributing to further development of the country’s innovation and investment environment.

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