(Bloomberg) — From record solar installations to rising electric vehicle sales, the world is in many ways ramping up the fight against global warming.
Yet there are coal-black swans waiting to disrupt the green transition this year. Global power demand is expected to significantly increase as data centers demand more electricity for artificial intelligence. This is forcing some utilities to rethink the phase-out dates of their fossil-fuel power stations. (It’s also causing nuclear energy to have a revival too.)
All of this is happening as President-elect Donald Trump prepares to take office. Trump has already promised to end what he calls Washington’s “green new scam.” On day one he’s pledged to scrap offshore wind projects, which would be another blow to an industry plagued by bottlenecks. He’s also vowed to abandon the Paris Agreement, which calls for nations to limit global warming to ideally 1.5C before the end of the century.
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