OBELA Analysis

The transport sector is responsible for 23% of global CO2 emissions. Electric vehicles (EVs) are an alternative for reducing these emissions in the atmosphere. Although the overall effect depends on the type of electricity generation in the energy matrix, EVs emit 37% less CO2 than conventional vehicles over their lifetime, according to industrial estimates.

he mBridge project could change the international financial architecture, currently dominated by the United States Federal Reserve (FED). It seeks to streamline transactions through central bank digital currencies (CBDCs) in real time, eliminating the need for a third currency or payment systems.

The financial architecture is undergoing a process of transformation. With the weakening and loss of confidence in the US dollar, the President of the People's Bank of China said on 23 March 2009 that the world needed a new reserve currency, given the instability of that currency in the foreign exchange market, as a result of the crisis of September 2008. The Chinese Government called for a new international reserve currency, once again, in 2013 after public fiscal impasses in the US Congress.