Holography and a variable cosmological constant

An effective local quantum field theory with UV and IR cutoffs correlated in accordance with holographic entropy bounds is capable of rendering the cosmological constant (CC) stable against quantum corrections. By setting an IR cutoff to length scales relevant to cosmology, one easily obtains the currently observed ${\rho }_{\Lambda }\simeq {10}^{-47}{\mathrm{G}\mathrm{e}\mathrm{V}}^4$ thus alleviating the CC problem. It is argued that scaling behavior of the CC in these scenarios implies an interaction of the CC with matter sector or a time-dependent gravitational constant to accommodate the observational data.