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Renewable energy is reshaping the global economy—new report

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Renewable energy is reshaping the global economy—new report


Credit: Pixabay/CC0 Public Domain

World leaders gather for the UN climate summit (COP30) in Belém, Brazil, amid concerns about the slow progress in cutting global carbon emissions. Ten years into the historic Paris climate agreement, we are off track to meet its core objective, to keep global warming well below 2°C, relative to pre-industrial levels.

Yet there are glimmers of hope, and none more important than the astounding progress on . Renewables are now so cheap that the clean energy transition is no longer an , it is a momentous opportunity.

Climate change campaigners tend to see renewables as an environmental imperative, an effective way of cutting emissions. They are that, of course. But they are also a powerful engine of investment, jobs and growth. They are reshaping the global economy. In my team’s new report, we lay out the evidence.

The first economic dividend of renewables is inclusion. Access to affordable energy remains a critical sustainable development goal, which shapes everything from education to health to women’s empowerment. Distributed renewables—from solar home systems to mini-grids—are our best chance yet of bringing affordable energy to all.

Across Africa, Asia and Latin America, renewable energy entrepreneurs are doing what national grids have struggled to do: reaching remote villages and replacing polluting diesel generators with clean, reliable power.

Because of its modularity, renewable electricity can be built out fast, expanded flexibly and maintained locally. Renewable energy firms are combining these technical advantages with new business models that make renewables more accessible (for example, through pay-as-you-go models) and keep benefits in the local community (for example, by offering energy services like cold storage, phone charging and water pumping, as well as electricity).

Investment, jobs and growth

If inclusion is the first dividend, investment is the second. Every dollar invested in renewables delivers more economic bang than a dollar spent on . The International Monetary Fund estimates that clean energy investments generate about 1.5 times their cost in economic activity, while fossil fuels yield less than one-for-one. Renewables do not just pay back; they pay forward through spending on supply chains and local wages.

The numbers are staggering. Between 2017 and 2022, climate finance flows into the 100 largest developing countries (excluding China) boosted their GDP by a combined US$1.2 trillion (£0.9 trillion)—the equivalent of 2%–5% of GDP for most nations. In Brazil, the host of COP30, renewable investments raised GDP by US$128 billion over those six years, according to our report.

Climate finance flows are still insufficient. To increase them, we need more concessional funding, more risk guarantees and more partnerships between governments, investors and local communities.

In the Dominican Republic, a blend of policy reform, clear incentives and blended finance has helped the country mobilize over US$6.5 billion in clean energy investment and double its renewables capacity in just three years.

The energy transition is often painted as a jobs killer, but the evidence says otherwise. Intergovernmental organizations project that there will be 43 million clean energy jobs by 2050, far outstripping those lost in fossil fuels.

For our report, we took a closer look at the jobs market in South Africa. For 12 months we collected data from job adverts and found a striking fact: clean energy jobs pay 16% more on average than all other advertised roles. For the most part the reflect the fact that clean energy jobs are high-skilled jobs, which require experience, training and problem-solving skills.

The high skills requirements are a challenge as well as a boon. Taking full advantage of the clean jobs revolution will require proactive skills development, both in the classroom and on the job. But for the young labor forces of many developing countries, the message is clear: renewables are not just a climate strategy, they are a job opportunity.

Perhaps the most underappreciated economic benefit of renewables concerns productivity. Cheap, efficient energy is the lifeblood of industrial growth. Renewable energy is now much cheaper than fossil fuels, particularly when factoring in what is lost when turning energy (say, car fuel) into usable services (propulsion).

We calculated that with a rapid conversion to renewables, energy-sector productivity could double by 2050, compared to both current levels and a fossil fuel future. Since energy is such a ubiquitous input to all other economic activities, this has significant economy-wide benefits. For some developing countries, the GDP boost could be as high as 9%–12%—simply from having more efficient energy services.

These productivity gains are not evenly distributed. For once, it could be developing countries that benefit most. Industrialized countries grew rich on the back of cheap and abundant energy. In a low-carbon economy, it will be sun-rich that have the cheapest, most abundant sources of energy. This critical shift in comparative advantage could finally help to narrow the global prosperity gap.

At COP30, leaders are debating climate targets, finance mechanisms and transition timelines. But they should also recognize this deeper reality: renewables are not a drag on growth but its new engine. In a world anxious about growth and prosperity, the clean energy transition is an economic strategy as much as an environmental one.

The challenge, as our report reminds us, is to share these gains equitably. Without fair benefit-sharing the transition risks repeating the inequities of the fossil fuel era. But get it right, and renewables can power not just cleaner economies, but fairer ones.

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If You’re Building a Home Gym, Start With Dumbbells and a Yoga Mat

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If You’re Building a Home Gym, Start With Dumbbells and a Yoga Mat


To join or not to join a gym: That is the question. If you opt out of building a home gym, you can join a club and have access to more weights and machines. Friends and classes motivate you to keep coming, and that monthly bill keeps you disciplined. On the other hand, gym memberships are steep, workouts can get hijacked by bullies, and going to the gym is an additional commute.

My gym tardiness, however, will likely catch up to me. One of the most consistent messages from health and fitness experts today is that lifting weights has immeasurable benefits. Strength training allows us to keep doing the things we love well into our advanced years. It reduces blood sugar, lowers blood pressure, burns calories, and reduces inflammation. A recent review of studies in the British Journal of Sports Medicine by Harvard Medical School found that strength training is linked to lower risk for cardiovascular disease, diabetes, and cancer and provides a 10 to 17 percent lower overall risk of early death.

But you don’t need all the time and money in the world to have a great home gym. Reviews editor Adrienne So and I have been slowly adding to our existing, minimalist home gyms in our living rooms and garage—a roughly 10- by 10-foot patch in our basements and living rooms. There’s a ton of equipment out there, but for maximum results, I asked two physical therapists—Grace Fenske at Excel North Physical Therapy and Performance and Samuel Hayden at Limit Less Physical Therapy—for their recommendations.

Here’s a PT-recommended guide for an ultrasimple setup that will keep you pumped and motivated. Don’t see anything you like? Don’t forget to check out our existing guides to the Best Running Shoes, the Best Fitness Trackers, or the Best Walking Pads.

Jump To

Adjustable Dumbbells

Yes, these are very pricey. But people outgrow their small dumbbells very quickly, and if you bite the bullet early, adjustable dumbbells take up a lot less space than individual dumbbell or kettlebell sets. The Nüobell adjustable dumbbells required 38 patents and allow users to increase weight in increments of five pounds all the way up to 80 with a twist of the handle. Each dumbbell set replaces 32 individual dumbbells. In a cramped space, that’s a game changer.

The way that both Steph’s Nüobells and my Nike adjustable dumbbells work is that the full barbell fits into a cradle. (You can also mount the barbells in a stand.) When the user twists the handle to five pounds, the aluminum bar with grooves will grab onto the first hollowed-out plate, which is 2.5 pounds on each side of the barbell. With each subsequent turn of the handle the bar will pick up heavier weight in increments of five pounds. A safety hook at the bottom of the cradle ensures the barbell weight must be locked in place before lifting.

I like my Nike dumbbells because the end of the dumbbell is flat, which means I can rest it on its end on my thigh without putting a divot in my leg. Also, the plates aren’t round. If you have a big round dumbbell on the floor, or especially in your garage, it will find the nearest incline and roll away on top of a house pet or child. You can still take individual plates out of the rack if you need them for leverage under your heel or for mobility exercises. Whichever one you choose, though, both Steph and I recommend getting a floor stand to decrease strain on your back. —Adrienne So



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This AI Tool Will Tell You to Stop Slacking Off

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This AI Tool Will Tell You to Stop Slacking Off


I’ve tested a lot of software tools over the years designed to block distractions and keep you focused. None of them work perfectly, mostly because of context.

Reddit, for example, is something I should generally avoid during the workday, so I tend to block it—this is a good decision for me overall. The problem is that sometimes the only place I can find a particular piece of information online is in a Reddit thread, meaning that to get that information I need to turn off my distraction-blocking tool. Then I inevitably end up down some kind of rabbit hole.

This is the exact problem Fomi, a macOS distraction-blocking tool, is built to solve. The application asks you what you’re working on, then watches everything you do on your Mac desktop—every app you open—and uses AI to analyze what’s on your screen. The tool can tell, from context, whether you’re using a particular website productively or as a distraction.

Zach Yang, part of the team behind the app, tells me on Discord he dreamed up the app after talking with a friend who was studying for an MBA. “He needed YouTube for study videos, so web/app blockers didn’t work, and once he was watching, recommendations would often pull him away,” Yang says. “That’s when I started thinking about using AI to solve this. I built a small prototype to test whether current models were capable of distinguishing distraction from actual work, and the results were good enough that I decided to turn it into a real project.”

Fomi offers a three-day free trial. If you decide you like it, subscription plans cost $8 per month. However, since the tool uploads screenshots of your desktop to an AI model in the cloud, there are privacy concerns you will need to weigh before deciding if a tool like this is right for you.

Watch This Space

I’ve been trying out this application for a couple of days. The first time you launch it, you’re asked what you do day-to-day and what kind of tools you use to do it. Then, when it’s time to focus, you tell the software what you’re working on and which tools you plan to use while doing it.

As you work, a green dot and a timer appear at the top of the screen, surrounding your MacBook’s notch. If you switch to a potentially distracting application, the dot changes to yellow. If you start engaging in things that are clearly distractions, the dot turns red and an animated tomato splats across the screen. You’ll see a custom message telling you to get to work—the app calls out your specific distraction.

Courtesy of Justin Pot



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Cisco, Qunnect claim quantum first with datacentre connectivity | Computer Weekly

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Cisco, Qunnect claim quantum first with datacentre connectivity | Computer Weekly


Qunnect and Cisco have unveiled what they say is the first entanglement-swapping demonstration of its kind over deployed metro-scale fibre using a commercial quantum networking system.

The demonstration combined Qunnect’s room-temperature quantum hardware with Cisco’s quantum networking software stack. The net result of the project is regarded by the partners as being able to bring practical quantum networks closer to scalable deployment, validating a spoke-and-hub model for scaling quantum networks through commercial datacentres.

The companies see these techniques as being able to underpin future ultra-secure links, quantum-safe architectures, and the ability to connect distributed quantum processors and datacentres.

Qunnect believes that one of the challenges in scaling real-world quantum networks is the practical realisation of protocols to route entanglement between network nodes. To achieve that, it says, requires entanglement “swapping”.

That is, the operation that extends entanglement from two nodes to multiple ones through an intermediate hub. Swapping itself is already established in quantum science, but the tech firms stress that performing it on telecom-compatible infrastructure under real-world constraints has remained rare in the industry. Loss, noise and hardware complexity make it far more challenging outside of controlled laboratory settings.

In addition, current quantum networks can be constrained by a complex physical “tether”, relying on a shared master laser to connect all nodes. By using Qunnect’s independent atomic sources, the experiment looked to remove the need for nodes to be physically “tethered” by shared lasers.

To validate their model, Cisco and Qunnect conducted a demonstration on the latter’s GothamQ testbed, which runs throughout New York City in a network that spans 17.6km of deployed telecom fibre connecting Brooklyn and Manhattan through QTD Systems’ datacentre at 60 Hudson Street.

At the centre of this integration is Qunnect’s turnkey Carina system, a technology capable of generating an entangled photon pair. To maintain signal integrity, Qunnect’s automatic polarisation controllers (APCs) continuously compensate for polarisation drift – a persistent challenge in deployed fibre that has historically limited real-world networking.

These technologies were integrated with Cisco’s unified quantum networking software stack, functioning as a “digital air traffic controller” for the city-wide network. The software autonomously coordinates Qunnect’s turnkey Carina hardware across geographically separated nodes.

The collaboration is said to have generated record swapping rates of over 1.7 million pairs/hour locally and 5,400 pairs/hour over deployed fibre. This is said to be nearly 10,000 times better than previous benchmarks using similar platforms. As the first demonstration of polarisation entanglement swapping over deployed fibre, the system maintained over 99% polarisation fidelity.

End nodes used room-temperature detectors, concentrating cryogenic equipment solely at the central hub to significantly reduce the cost of network scaling. Using independent entanglement sources meant no shared lasers, allowing for modular network expansion.

Cisco and Qunnect regard the results from the trial as demonstrating the integrated system can operate reliably in one of the world’s most demanding urban environments, providing a deployable blueprint for distributed quantum computing and secure metro-scale quantum networks.

This decoupling of nodes allowed for a scalable hub-and-spoke architecture for quantum networking, enabling new endpoint nodes to be added without dedicated synchronisation links to all other nodes. The two firms say this achievement serves as a first proof point in a journey towards practical, entanglement-based quantum networks, laying the foundation for distributed quantum computing.

“Entanglement swapping is a fundamental operation in the quantum internet,” said Mehdi Namazi, co-founder and chief science officer for Qunnect. “Today, we not only broke the record for rate and scalability, we did so in New York City using some of the noisiest, most chaotic fibre on earth. This is a milestone the field has been waiting for.”

Reza Nejabati, head of quantum research at Cisco, added: “This milestone accelerates our quantum networking vision. Our orchestration software enabled field-ready entanglement distribution and swapping – foundational capabilities for distributed quantum computing and the global quantum grid.”



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