05/02/2024 | News release | Distributed by Public on 05/02/2024 13:07
In an era when environmental concerns are at the forefront of global discussions, finding innovative solutions to reduce carbon emissions is imperative. One such solution lies in the expansion of fiber-to-the-home (FTTH) infrastructure.
We know that improved broadband connectivity has substantial economic benefits. It increases employment rates, productivity and growth. It also enables innovative models like e-health and e-commerce.
At a macroeconomic level, a World Development Report estimates that a 10% increase in broadband penetration leads to 0.9% to 1.5% GDP per capita growth.
IDB found that a 10% higher broadband penetration correlates with 3.2% higher GDP and 2.6% higher productivity in Latin America and the Caribbean.
The Environmental Impact
FTTH involves the deployment of optical fiber cables directly to individual homes, enabling high-speed internet access. While the primary goal is to enhance connectivity, its environmental benefits are equally noteworthy.
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Empowering Green Initiatives
The environmental benefits extend beyond its direct impact on carbon emissions. By enabling remote work, e-learning, telemedicine, and smart city applications, FTTH facilitates sustainable practices across various sectors.
IDB Invest's Commitment to Sustainable Development
Fiber to the Home represents more than just a technological advancement in telecommunications-it is a catalyst for environmental stewardship and sustainable development.
As a leading development finance institution, IDB Invest is pivotal in promoting sustainable infrastructure projects, including FTTH deployment. By financing these initiatives, IDB Invest contributes to the transition towards a low-carbon economy while fostering economic growth and social inclusion.
By investing in FTTH infrastructure, stakeholders can pave the way for a greener, more connected future. As we navigate the challenges of climate change, embracing innovative solutions is essential in building a resilient and sustainable world for generations to come.
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