Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Pro-Ripple attorney addresses XRP and Circle speculation on TradingView News

July 19, 2025

Simply Asset Finance introduces the AI Kara assistant

July 19, 2025

This Week in Fintech: Biweekly News Summary for June 24

July 19, 2025

Fintech will embrace DeFi loans within the next three years.

July 19, 2025
Facebook X (Twitter) Instagram
Trending
  • Pro-Ripple attorney addresses XRP and Circle speculation on TradingView News
  • Simply Asset Finance introduces the AI Kara assistant
  • This Week in Fintech: Biweekly News Summary for June 24
  • Fintech will embrace DeFi loans within the next three years.
  • Over 5,600 Startups and Growing: Water Drives the GCC Startup Revolution
  • Kara Unveils AI Lending Assistant at Simply Asset Finance
  • Exploring the Enigmatic Surge of 7.5% in Semiconductors: An In-Depth Technical Analysis
  • Fintech investors prefer Delaware over Texas for bankruptcy proceedings.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    This Week in Fintech: Biweekly News Summary for June 24

    July 19, 2025

    Fintech and Global Expansion as Russia’s National Center Hosts a Major Session at SPIEF 2025 in Salt Lake City News, Weather, and Sports Updates

    July 15, 2025

    Alona Shevtsova emphasizes the importance of connection at the recent London Fintech Club event – London Business News

    July 15, 2025

    Unicorn Bank Zero represents the final achievement of his fintech journey.

    July 9, 2025

    Fintech Company Pine Labs Submits Documents to SEBI for IPO Fundraising

    July 4, 2025
  • AI

    Simply Asset Finance introduces the AI Kara assistant

    July 19, 2025

    Kara Unveils AI Lending Assistant at Simply Asset Finance

    July 18, 2025

    Improving Accuracy and Efficiency with Claude Financial Services AI

    July 18, 2025

    AI-Powered Financial Services That Integrate Your Complete Financial Landscape for Enhanced Diligence, Modeling, and Analysis

    July 18, 2025

    A clear strategy is essential for ongoing accountability in financial services driven by AI.

    July 18, 2025
  • Acquisitions

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025
  • Trends

    Market size, share, trends, and business profiles in the Fintech industry

    July 10, 2025

    Overview of the FINCH 2025 Market and Participant Profiles

    July 5, 2025

    Key Trends and Focus Areas in Fintech Payments for 2025

    June 22, 2025

    Overview of the Singapore Fintech Market: Market Size, Trends, and Growth Potential

    June 18, 2025

    Southeast Asia’s Fintech Market: Size, Trends, and Growth Potential

    June 13, 2025
  • Insights

    ICAPITAL Fintech Achieves a Valuation Exceeding $7.5 Billion in Recent Fundraising Amid Surge in Private Markets

    July 10, 2025

    Alphalésaka Technologies: The Potential Transformative Impact of Recent Fintech Acquisition

    July 9, 2025

    Surge Continuation Funds in Europe Prepared for the 2025 Records – Fintech Schweiz Digital Finance News

    July 7, 2025

    Schaeffer Investment Research Scholarships Break Through Significant Resistance Levels

    June 27, 2025

    Finance Magnates Reports: XBO Designated as Top Cryptocurrency Payment Gateway. XBO’s core principles of trust and simplicity align with cutting-edge solutions, providing customers access to an award-winning crypto payment option. 16 hours ago

    June 26, 2025
  • Rumors

    Pro-Ripple attorney addresses XRP and Circle speculation on TradingView News

    July 19, 2025

    Exploring the Enigmatic Surge of 7.5% in Semiconductors: An In-Depth Technical Analysis

    July 18, 2025

    The dollar is affected by speculation about Powell in the markets.

    July 17, 2025

    Tesla has announced that the new six-seat YL model will launch in China later this year.

    July 17, 2025

    Markets experienced a chaotic day amid speculation that Trump might fire Jerome Powell.

    July 17, 2025
  • Startups

    Fintech will embrace DeFi loans within the next three years.

    July 19, 2025

    Over 5,600 Startups and Growing: Water Drives the GCC Startup Revolution

    July 18, 2025

    Fintech investors prefer Delaware over Texas for bankruptcy proceedings.

    July 18, 2025

    The Upcoming Zerodha? Fintech Startups Riding the Brokerage Surge

    July 18, 2025

    Paris-based fintech platform Spiko secures 18.9 million euros to make treasury yields more accessible to everyone.

    July 17, 2025
  • finjobsly
fintechbits
Home » US climate change goals threatened by the technological rise of AI
AI in Finance

US climate change goals threatened by the technological rise of AI

5 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Https3a2f2fwww.ft .com2f Origami2fservice2fimage2fv22fimages2fraw2fhttps253a252f252fd1e.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Energy-hungry artificial intelligence is consuming increasing amounts of energy from the creaking U.S. grid and threatening national efforts to combat climate change, according to the latest expert forecasts.

Unprecedented energy demand, fueled in part by the expansion of data centers to AIcombined with the slower-than-expected pace of renewable energy development and longer operating times for polluting coal-fired power plants, have prompted analysts to rethink their models for reducing greenhouse gas emissions.

The theme dominated discussions at Climate Week New York, held last week on the sidelines of the United Nations General Assembly, where tech companies were more in the spotlight than tech companies. fossil fuels at the origin of historical pollution.

BloombergNEF’s latest report this week warned of slowing U.S. progress on decarbonization, forecasting a reduction in emissions of just 34% by 2030 from 2005 levels.

The latest assessment places the U.S. trajectory even further from its national goal of reducing emissions 50 to 52 percent by 2030 from 2005 levels and reaching net zero emissions by 2050, consistent with its commitment to the Paris Agreement.

“It’s not a good thing,” said Tara Narayanan, senior energy analyst at BloombergNEF, calling AI’s increased demand for energy a “big disruption” to supply.

“It feels a lot like that moment where you’re immersed in the movie and three different plots have been developed. You don’t know if the problem is going to be resolved,” Narayanan said.

The lack of grid infrastructure is proving to be a major constraint to progress in the green energy transition, not only in the United States but around the world.

China is ready for a unprecedented spending of $800 billion the next six years to overcome strains on the energy system as it rapidly transitions from coal-fired power to renewable sources.

In the United States, electricity demand has remained virtually stable for two decades. Today, forecasters such as consulting group ICF expect an increase of 9% by 2028 and almost 20% by 2033, citing the growth of data centers, the relocation of manufacturing industry and electrification.

The Electric Power Research Institute predicted this year that data centers could double their share of U.S. electricity consumption by the end of the decade.

Line chart of US emissions, billions of metric tons of CO2 showing the US is not on track to meet the 2050 Paris net-zero targets

But Jennifer Granholm, the US energy secretary, said she believed the country could still meet its net-zero emissions targets and manage exploding electricity demand, thanks to green subsidies of nearly 370 billion dollars put in place as part of the Inflation Reduction Act by the Joe Biden administration.

“We have to be aggressive, but the momentum has started and it is not slowing down,” Granholm told the Financial Times.

Renewable project developers say producing green energy to meet historic levels of demand is hampered by the fact that it can take up to half a decade to bring new supply online due to delays in authorization and network deployment.

“The need right now is to balance that,” said Sandhya Ganapathy, managing director of EDP Renewables North America. “Unfortunately, we may not have (renewable) projects at the pace required.”

The proliferation of AI data centers has led to a race between Great technology businesses to find low-emission energy sources, 24 hours a day.

Last week, Constellation Energy and Microsoft signed a 20-year deal to reopen Three Mile Island Pennsylvania nuclear power plant, site of the nation’s most serious nuclear accident.

Expectations of increased demand for electricity have also led U.S. operators to delay the closure of coal plants. S&P Global Commodity Insights has revised his expectations Coal plant closures by 40 percent by the end of the decade, even as renewable energy increases.

“At the current rate, it’s very difficult to imagine the U.S. electricity system being carbon-free by 2035,” said Akshat Kasliwal, an energy expert at PA Consulting. “We are further away from that goal compared to where we were three or four years ago.”

Pedro Pizarro, chief executive of Edison International, a utility, said rising demand meant gas-fired power plants would also have to stay in the energy mix longer to ensure reliable supply. The gas is mainly made up of a powerful methane molecule, which retains more heat than carbon dioxide but has a shorter lifespan in the atmosphere.

“We are not a gas company. . . We don’t have a dog to try to keep gas on hand,” Pizarro said. “We, the industry, need to ensure we have a system that is reliable, resilient, in the face of more extreme weather, and as affordable as possible.”

Recommended

A montage of the Amazon, Google, Microfost and Meta logos

The United States, however, has no shortage of renewable energy capacity. The Lawrence Berkeley National Laboratory estimates that nearly 1.5 terawatts of generating capacity is waiting to be connected to the grid, enough to more than double the size of the nation’s power system.

But projects built last year must wait five years before they can be connected to the grid, and a lack of transmission lines makes it difficult to transport green energy from remote production sites to demand centers.

Research firm Rhodium Group found that if demand for data centers nearly triples by 2035 and developers struggle to install new wind and solar systems, electricity sector emissions could be more than 56 percent higher than expected in its moderate emissions outlook.

However, the steep projections could also become much more moderate as data centers become more efficient, tech group executives say, and broader adoption of AI reduces energy consumption by improving operations daily.

“While it consumes power to train the models, the models created will do the job with much more energy efficiency,” Jensen Huang, chief executive of Nvidia, the fastest-growing AI chipmaker, said Friday. quickly, at the Bipartisan Policy Center. “The energy efficiency and productivity gains we will get from (AI). . . it’s going to be amazing.

Video: Demand for AI power could stifle industry growth | FT energy source

Climate capital

Where climate change meets business, markets and politics. Check out the FT’s coverage here.

Are you curious about the FT’s commitments to environmental sustainability? Learn more about our science-based goals here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Simply Asset Finance introduces the AI Kara assistant

July 19, 2025

Kara Unveils AI Lending Assistant at Simply Asset Finance

July 18, 2025

Improving Accuracy and Efficiency with Claude Financial Services AI

July 18, 2025
Leave A Reply Cancel Reply

Latest news

Pro-Ripple attorney addresses XRP and Circle speculation on TradingView News

July 19, 2025

Simply Asset Finance introduces the AI Kara assistant

July 19, 2025

This Week in Fintech: Biweekly News Summary for June 24

July 19, 2025
News
  • AI in Finance (1,381)
  • Breaking News (158)
  • Corporate Acquisitions (65)
  • Industry Trends (178)
  • Jobs Market News (292)
  • Market Insights (191)
  • Market Rumors (252)
  • Regulatory Updates (151)
  • Startup News (925)
  • Technology Innovations (155)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,381)
  • Breaking News (158)
  • Corporate Acquisitions (65)
  • Industry Trends (178)
  • Jobs Market News (292)
  • Market Insights (191)
  • Market Rumors (252)
  • Regulatory Updates (151)
  • Startup News (925)
  • Technology Innovations (155)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.