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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Fuel Prices Face Upward Pressure Amid Regional Instability

by THEFUTURE.TEAM

March 2, 2026

Rising Wholesale Costs Set The Stage

Fuel prices are expected to rise in Cyprus over the next 10 days, according to Savvas Prokopiou, Chairman of the Petrol Station Owners’ Association. He said wholesale prices paid by station operators have increased by 10–12% since last Friday, which is likely to translate into higher retail prices.

Comparative Analysis: Then And Now

Prokopiou noted that current price increases are not expected to match the sharp spikes seen at the start of the Russia–Ukraine conflict in 2022. While oil prices have risen, market movements remain more moderate than during the earlier shock, reducing the risk of extreme short-term volatility.

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Ensuring Supply Amid Uncertainty

Dinos Lefkaritis, Executive Managing Director of fuel provider Petrolina, provided reassurances regarding the fuel supply in Cyprus. With reserves estimated to last around 15 days, Lefkaritis stated that the current stock levels are deemed satisfactory despite ongoing market volatility.

Diverse Sourcing And Supply Security

Lefkaritis said fuel cargoes were still being loaded from Israel until Sunday, with further decisions depending on updates from the Haifa refinery. Petrolina has also secured alternative supply routes through Greece, Malta, and Italy to reduce the risk of shortages. The diversified sourcing strategy is intended to maintain supply continuity even as regional conditions remain unstable.

Market Uncertainty and Forward Outlook

Industry representatives say future price movements remain difficult to predict, as fuel markets continue to react to regional tensions and global supply dynamics. The direction and scale of further increases will depend on developments in energy markets over the coming weeks.

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