AI Creates Energy Surge -Major Climate News 5/6/24

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AI could increase the use of natural gas. According to CNBC, “Natural gas producers are planning for a significant spike in demand over the next decade, as artificial intelligence drives a surge in electricity consumption that renewables may struggle to meet alone.” Climatecrisis247 believes this observation is not new at all. One recent study showed that AI’s use of electricity could pass all the electricity used in Japan in less than two decades. The problem will be severe as electricity companies and politicians decide whether homes and businesses should get their fair share of electricity while competing against new technology.

US Climate News –Florida’s Flood Challenge

US Storm Challenges –Wind In Las Vegas

Climate change has reached the threshold where it can severely damage cities, regions, and countries. According to Semafor, “Brazil’s worst flooding disaster in the last 80 years left 60 people dead and more than 88,000 people displaced. The southern state of Rio Grande do Sul received more than 70% of all the rain it typically gets in April in the span of four days.” Scientists believe a primary cause is El Niño. Climatecrisis247 believes this is one in a string of recent weather-related events that have caused floods and fires at levels never measured before. Another example is the flood in Dubai.

China EV IPO

The fall-off in EVs has not entirely dampened the interest of possible investors. According to Bloomberg, “Zeekr Intelligent Technology Holding Ltd., the high-end electric car brand under Zhejiang Geely Holding Group Co., is seeking to raise as much as $367.5 million in a US initial public offering.” Climatecrisis247 believes that the reason for the IPO’s ability to get to market is that it does business in China, where, by many accounts, EV sales have not been hit by the drop in demand in the US. That drop has driven down the value of stocks, which include Rivian.

Bangladesh Water

Ground mapping may help the search for water in Bangladesh. According to the authors of the new research, “The aim of the study was to estimate future groundwater potential zones based on machine learning algorithms and climate change scenarios.” Climatecrisis247 believes this is a way for technology to help address climate-related problems in the third world. Whether there will be money to support this is another question.