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Cyprus Takes Key Step Toward Joining U.S. Visa Waiver Programme

This week marks a significant development for Cyprus as a delegation of U.S. experts visits the island to assess its potential inclusion in the U.S. Visa Waiver Programme (VWP). According to a statement from the U.S. Embassy in Nicosia, this visit is crucial for evaluating Cyprus’s security measures and operational standards, helping determine the nation’s eligibility for the VWP.

Why The Visa Waiver Programme Matters

Being part of the VWP would mean that eligible Cypriot citizens could travel to the U.S. for tourism or business without a visa for up to 90 days. The program is touted as a “security partnership” that enhances U.S. safety while promoting economic growth and international travel security.

The potential inclusion of Cyprus in the VWP could greatly enhance economic and trade connections, offering substantial benefits for both countries. This aligns with broader efforts to boost U.S.-Cyprus economic ties.

The collaboration highlights ongoing initiatives to strengthen Cyprus’s strategic positioning on the global stage.

As Cyprus moves forward in this process, the potential for stronger international relations and increased mobility for its citizens represents a promising horizon.

AI’s Economic Benefits Surpass Emissions Concerns According to IMF

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.

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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