AI to Prop Up Fossil Fuels and Slow Emissions Decline, BNEF Says

Energy-hungry AI to prop up fossil fuels

The world likely hit peak energy-related emissions in 2024. But the decline in the coming decade will be slowed due in large part to data centre expansion powered by fossil fuels , according to a report by Bloomberg New Energy Finance (BNEF).

AI to Prop Up Fossil Fuels and Slow Emissions Decline, BNEF Says

The world’s efforts to cut emissions over the next decade will be slowed by the rise of AI.

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Slowing declines: The heightened demand for AI is expected to prop up fossil fuels and slow emissions declines, according to the latest New Energy Outlook report from BloombergNEF. While renewables and storage are expected to account for more than half of the power capacity needed by 2035 to meet data center demand, almost two-thirds of additional electricity generation will come from fossil fuels like coal and gas. Read more from Bloomberg. A s…

AI to prop up fossil fuels and slow emissions decline, BNEF says

The world likely hit peak energy-related emissions in 2024. But the decline in the coming decade will be slowed due in large part to data centre expansion powered by fossil fuels, according to the latest New Energy Outlook report from BloombergNEF.