AI boom could spur large-scale investments in clean energy, experts say

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AI boom could spur large-scale investments in clean energy, experts say
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The vice-chair for the Americas with international data and analytics firm Wood Mackenzie said the fastest way to meet AI’s growing electricity needs is to build new natural gas-fired power plants

Market experts say the coming boom in artificial intelligence has the potential to spur large-scale investments in clean energy.

The International Energy Agency says the world’s data centres consumed roughly 1.4 to 1.7 per cent of global electricity use in 2022, but projects data centre energy consumption will double by the end of 2026.

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