The US credit rating was downgraded. Here’s what to know
WEBAug 9, 2023 · In early August, Fitch Ratings, a leading credit rating firm, downgraded the long-term credit rating of the US government. The agency—which lowered the US from the highest AAA classification to the notch lower AA+ rating—said the slight downgrade was due to a “steady deterioration in standards of governance” in recent decades on fiscal ...
How geospatial data can improve lending to India's farmers
WEBJul 5, 2023 · Nearly 43% of workers in the country work in agriculture but a credit-scored based lending system is not readily available for most of them. A project under the Food Innovation Hub India banner will use geospatial data to create a farm credit score and enable digital agri-lending solutions.
What are carbon credits and how can they help fight climate …
WEBNov 12, 2020 · In 2021, an international task force led by UN Special Envoy for Climate Action and Finance, Mark Carney, and chaired by Bill Winters, CEO of Standard Chartered Bank, published a blueprint for creating large-scale transparent carbon credit trading markets based on independent verification. The World Economic Forum is …
Carbon credits could help India reach net-zero by 2070
WEBMay 18, 2022 · Agriculture-related carbon credit systems have, so far, been mostly confined to large scale holdings in developed economies, where farmers have greater access to information sources, technology, and the necessary mechanisation and equipment.
Now is the time for a 'great reset' - The World Economic Forum
WEBJun 3, 2020 · The changes we have already seen in response to COVID-19 prove that a reset of our economic model is possible. Professor Klaus Schwab outlines how to achieve it.
What is triple-A, and which countries make the grade?
WEBJul 18, 2016 · In simple terms, a credit rating is the measure of how well an entity – whether that’s a country, company or individual – can pay back the money it has borrowed. In other words, its credit-worthiness. In the case of the UK, it’s a sovereign credit rating, meaning that it applies to the country as a whole.
What are Central bank digital currencies (CBDCs)? | World …
WEBOct 6, 2023 · It gradually evolved from bartered commodities to pieces of metal, before becoming paper money and eventually debit and credit cards. The next step in this evolution could be central bank digital currencies (CBDCs).
Global Competitiveness Report 2019 - The World Economic Forum
WEBOct 8, 2019 · The 2019 results of the GCI 4.0 reveal the size of the global competitiveness deficit. The average GCI score across the 141 economies studied is 60.7, meaning that the ‘distance to the frontier’ stands at almost 40 points. On nine of the 12 pillars, the average gap globally stands at more than 30 points.
How carbon credits can save the world's forests
WEBJun 3, 2021 · Enter the Verified Carbon Standard (VCS).Under the VCS, proponents can propose and implement a project to protect a forest: for example, hiring community members to patrol it, building fire lines to prevent the spread of wildfires, and working with farmers to enhance agricultural productivity, which reduces pressure on the forest.
COVID-19: The 4 building blocks of the Great Reset
WEBAug 11, 2020 · Inextricably linked to metrics are incentives. In 1996, the Tomorrow’s Company inquiry from the UK’s Royal Society of Arts (which I was involved in) showed that shareholder value as the only indicator of company success was damaging both the companies and to society, and didn’t even do a good job for shareholders.