Economy
AI is ‘accelerating the climate crisis,’ expert warns
If you care about the environment, think twice about using AI.
Generative artificial intelligence uses 30 times more energy than a traditional search engine, warns researcher Sasha Luccioni, on a mission to raise awareness about the environmental impact of the hot new technology.
Recognized as one of the 100 most influential people in the world of AI by the American magazine Time in 2024, the Canadian computer scientist of Russian origin has sought for several years to quantify the emissions of programs like ChatGPT or Midjourney.
“I find it particularly disappointing that generative AI is used to search the Internet,” laments the researcher, who spoke with AFP on the sidelines of the ALL IN artificial intelligence conference, in Montreal.
The language models on which the programs are based require enormous computing capacities to train on billions of data points, necessitating powerful servers.
Then there’s the energy used to respond to each individual user’s requests.
Instead of simply extracting information, “like a search engine would do to find the capital of a country, for example,” AI programs “generate new information,” making the whole thing “much more energy-intensive,” she explains.
According to the International Energy Agency, the combined AI and the cryptocurrency sectors consumed nearly 460 terawatt hours of electricity in 2022 — two percent of total global production.
– Energy efficiency –
A leading researcher on the impact of AI on climate, Luccioni participated in 2020 in the creation of a tool for developers to quantify the carbon footprint of running a piece of code. “CodeCarbon” has since been downloaded more than a million times.
Head of the climate strategy of startup Hugging Face, a platform for sharing open-access AI models, she is now working on creating a certification system for algorithms.
Similar to the program from the US Environmental Protection Agency that awards scores based on the energy consumption of electronic devices and appliances, it would make it possible to know an AI product’s energy consumption in order to encourage users and developers to “make better decisions.”
“We don’t take into account water or rare materials,” she acknowledges, “but at least we know that for a specific task, we can measure energy efficiency and say that this model has an A+, and that model has a D,” she says.
– Transparency –
In order to develop her tool, Luccioni is experimenting with it on generative AI models that are accessible to everyone, or open source, but she would also like to do it on commercial models from Google or ChatGPT-creator OpenAI, which have been reluctant to agree.
Although Microsoft and Google have committed to achieving carbon neutrality by the end of the decade, the US tech giants saw their greenhouse gas emissions soar in 2023 because of AI: up 48 percent for Google compared to 2019 and 29 percent for Microsoft compared to 2020.
“We are accelerating the climate crisis,” says Luccioni, calling for more transparency from tech companies.
The solution, she says, could come from governments that, for the moment, are “flying blindly,” without knowing what is “in the data sets or how the algorithms are trained.”
“Once we have transparency, we can start legislating.”
– ‘Energy sobriety’ –
It is also necessary to “explain to people what generative AI can and cannot do, and at what cost,” according to Luccioni.
In her latest study, the researcher demonstrated that producing a high-definition image using artificial intelligence consumes as much energy as fully recharging the battery of your cell phone.
At a time when more and more companies want to integrate the technology further into our lives — with conversational bots and connected devices, or in online searches — Luccioni advocates “energy sobriety.”
The idea here is not to oppose AI, she emphasizes, but rather to choose the right tools — and use them judiciously.
Economy
Bangladesh Seeks World Bank Support as Energy Costs Rise
Bangladesh has sought financial assistance from the World Bank to help meet rising energy costs amid global economic uncertainty, Finance Minister Amir Khasru Mahmud Chowdhury said on Monday.
Speaking to reporters in Bangkok on the sidelines of the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, the minister said discussions with the World Bank were underway on possible financial support. Work was also progressing on a proposed framework agreement between the two sides, he added.
The minister expressed hope that the World Bank would continue to support Bangladesh as the country navigates mounting economic challenges.
He said global instability had increased the financial burden on Bangladesh’s energy sector, making additional support important to help manage the rising costs. According to the minister, the World Bank had responded positively to discussions on possible assistance.
Bangladesh’s engagement with the lender should go beyond existing funding arrangements and ongoing development projects, he said, stressing the need for broader cooperation to address the economic pressures arising from global uncertainty and higher energy expenditure.
Framework Agreement Under Discussion
Bangladesh and the World Bank are also working towards a framework agreement to strengthen their partnership, the minister said.
Discussions and related procedural work are continuing, with further steps dependent on progress in negotiations and agreement between the two sides.
The minister also emphasised the need to align development initiatives supported by international partners with the government’s election manifesto and national development priorities.
He said coordination between government policies and external assistance would be important in advancing Bangladesh’s economic objectives.
Bangladesh’s IMF Engagement Also in Focus
The possibility of a new lending programme with the IMF is another issue of interest for Bangladesh during the annual meetings, scheduled for October 12-18.
The meetings bring together finance ministers, central bank governors and senior officials from international financial institutions to discuss global economic developments, financing needs and development priorities.
For Bangladesh, a potential new IMF programme could provide additional external financing and support efforts to maintain macroeconomic stability. However, the size, terms and timeline of any new arrangement have not been formally confirmed.
Rising Global Costs Put Pressure on Bangladesh
Geopolitical tensions, volatile energy markets, inflation and higher borrowing costs continue to pose challenges for economies worldwide, particularly those heavily dependent on imports.
For Bangladesh, higher energy import bills can increase pressure on foreign exchange reserves and complicate government expenditure planning.
While financing from international development partners could help ease some of these pressures, sustained economic stability also depends on stronger revenue collection, improvements in the banking sector, more efficient public spending and a business environment conducive to investment.
Bangladesh’s participation in the annual meetings is therefore focused not only on securing financial assistance but also on strengthening development partnerships and exploring ways to address immediate economic pressures while pursuing longer-term development goals.
The outcome of the discussions with the World Bank, along with any progress towards a new IMF lending arrangement, will be important in determining the extent of additional external support available to Bangladesh.
Economy
Remittances Top $2bn in First 28 Days of September
Expatriate Bangladeshis sent approximately US$ 2.11 billion in remittances during the first 28 days of September in the fiscal year 2024-25, according to data released by Bangladesh Bank on 29 September.
Of this total, state-owned and specialised banks handled $679.10 million, while private banks received $1.43 billion in remittances.
Economy
Yunus Pledges Swift Reforms and Election in Bangladesh’s Interim Govt
Chief Adviser to Bangladesh’s interim government, Professor Muhammad Yunus, has vowed to expedite reforms and hold elections swiftly. Yunus, who recently assumed the role after the collapse of Prime Minister Sheikh Hasina’s 15-year administration, expressed his commitment during an interview with Tokyo-based news outlet NHK WORLD in New York on Sunday. He was attending the United Nations General Assembly at the time.
Following mass student-led protests that ended Hasina’s long-standing rule in August, Yunus stepped in as the leader of the caretaker government. Known for founding Grameen Bank, an institution providing microloans to the underprivileged, Yunus, along with the bank, earned the Nobel Peace Prize in 2006 for his efforts in poverty alleviation.
During the interview, Yunus emphasized that the interim government’s primary mission is to implement reforms promptly and ensure elections are held as soon as the groundwork is complete. He underscored the importance of success, stating, “Failure is not something that we can accept.”
Addressing the pivotal role of students in the ousting of the Hasina administration, Yunus acknowledged the sacrifices made by young people, referring to their involvement as part of a “revolution.” He highlighted his intention to engage the younger generation in shaping policy.
Furthermore, Yunus called for continued support from Japan, Bangladesh’s largest donor, during this crucial transition period. He stressed that Japan’s assistance is vital to stabilizing Bangladesh’s economy and fostering a democratic foundation in the nation.
