Social impact bonds are helping solve South Africa's toughest challenges

Earlier this month, the federal Consumer Financial Protection Bureau (CFPB) proposed new rules to regulate payday lending – the business of offering high-cost short-term loans to Americans on terms that many consumer advocates consider predatory.

Expected to reach 25 billion connected devices by 2020, the emerging class of "internet of things" companies are starting to realize its potential to address global poverty by helping the international development community narrow the gap between data and action.

For years, policymakers have debated different approaches to helping the poor , but new data offers resounding evidence for a strategy that works: an approach known as a “Graduation” program. This method offers participants a “productive asset” to generate income with training on how to use it, as well as the resources (such as healthcare, food, loans, and coaching) to maintain the asset while building a pathway out of poverty.

The Green Revolution in Asia and Latin America never spread to Africa, due to the continent's varied climate, degraded soil and lack of infrastructure. Now, scientists look to develop a high grossing wheat seed to bring a new green revolution to Africa. The seeds are extremely promising, but there are still some challenges to getting farmers to implement the seeds.

The rapid development of emerging economies across Asia and Africa is lifting hundreds of millions of people out of poverty - but there is much debate as to how to best structure this growth. If these economies evolve in the same way as in the West - with unchecked, excessive resource consumption and heavy pollution - the planet may be on the fast track to disaster. Earthrise explores how these nations can grow sustainably using improved, eco-conscious technologies like renewable energy and eco-friendly farming practices.

From North Carolina to California, states and cities are taking a new approach to fines and fees – people are having their charges dismissed, warrants for minor offenses cleared, and many municipalities are actually saving money by spending less on collections. With a system that was built because it provided cities and states with revenue, there has been a realization that it disproportionately targets communities of color and often keeps people stuck in cycles of debt. With this national awakening, resources and networks are being created so other places can implement the same change.

To help essential workers navigate the notorious traffic of Bogota, the city built over 50 miles of an emergency bike network. The plan was in place before the arrival of coronavirus but the execution was sped up to meet the demands of increased bike usage. Other measures were also put into place to make the roads more bike and pedestrian-friendly: Reduced speed limits for cars, a 20 percent increase in private parking for bikes, and a bike registration system to deincentivize bike theft. Efforts to expand bike lanes not only eased traffic, they also helped relieve pressure on the overcrowded bus system.

Philanthropies are funding “tough tech” startups that are developing technologies to cut greenhouse gas emissions and mitigate the effects of climate change. Since 2014, the nonprofit Prime Coalition has channeled more than $24 million from wealthy donors and foundations to 10 ventures focused on that goal. Not all of their investments, though, have paid off. Yet, some of these initial investments could lead to widespread solutions to the world’s climate crisis.

A startup is making buildings more eco-friendly by converting their energy needs from oil and gas to electric heat pumps. BlocPower is a Black-owned clean tech startup that provides a no money down lease option, making it financially accessible.

The Nusantra Fund provides financial support directly to community-led projects in Indonesia. The aim is to improve the livelihoods of Indigenous and local people while tackling climate change impacts and protecting biodiversity.