World Economic Forum members voice concern over environmental risks
Hello from New York. Later today, Donald Trump is scheduled to be sworn into office as the 47th US president. To prepare for Trump’s return, with his scepticism towards climate action, the Federal Reserve on Friday announced it had withdrawn from the Network for Greening the Financial System. The NGFS said it “regrets” the Fed’s decision, but that it retains a “coalition of the willing” that still includes most of the world’s other major central banks. Life goes on.
As the global demand for artificial intelligence continues to grow, data centres’ surging appetite for electricity is one of the biggest issues facing investors in the months ahead. In this challenge, Deutz, one of the world’s oldest engine makers, has found an opportunity. Frankfurt-listed, Cologne-based Deutz is positioning itself to offer back-up power and microgrid solutions for data centres and other companies ravenous for energy, with a special focus on the US.
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