By 2026, the world’s datacentres will use as much electricity each year as the whole of Japan.
Much of this is driven by power-thirsty AI and cloud computing. The sheer volume of energy these centres require risks making AI – a promising tool in the fight against climate change – also a significant factor in its acceleration.
So the world’s tech giants have taken matters into their own hands.
A new Microsoft deal has recommissioned a unit at the notorious Three Mile Island nuclear plant, to power datacentres with carbon-free electricity.
In recent weeks, Amazon and Google have announced they will invest in Small Modular Reactors (SMRs) to power their own datacentres, providing clean, reliable power for the inexorable rise in demand for data.
These are big investments, driven by economic need and social responsibility.
But they also raise questions. Construction of new plants comes with a carbon footprint of its own, and the ongoing question of how to deal with radioactive waste.
US lawmakers have raised concerns that plans to use power from existing nuclear sites could steal away zero-carbon nuclear energy from other businesses and homes, raise ratepayer bills, and sap grid reliability.
It is a classic case of finding a compromise, and a least-worst way to provide power for increasingly vital – and highly profitable – technology. You can find a top-line on the pros and cons of nuclear here.
And for a deeper look into how to balance profit, purpose, and the future of our planet, join us for the Financing the Green Transition conference, on 6 November.
Cities around the world are ‘depaving’ unnecessary streets and sidewalks to let nature reclaim the space. In Belgium’s Leuven, residents can request a ‘tile taxi’ to come to their gardens to pick up excess cobblestone and concrete, which can later be reused where it is needed. To learn more, click here.
QUOTEABLE
The strength of civil society lies in its diversity.
Danny Sriskandarajah on the importance of collective action. Hear his thoughts on how to be an impactful leader here.
ETHICAL DESIRES
FOOD
Humm of nature
In New York this autumn? Acclaimed chef Daniel Humm is turning his innovative approach to plant-based cooking into an intimate tasting counter experience. Located above his three-Michelin starred Eleven Madison Park, which went vegan in 2021, Clemente Bar will feature art by Francesco Clemente and thoughtfully curated cocktails at a bar welcoming walk-ins. Read more here.
FASHION
Recyclable blazers
David Luke has introduced a blazer that is 'designed to be recycled'. The brand, which already made blazers from plastic bottles, is going further so the garments can be completely stripped and turned into polyester yarn. From the buttons down to the lining, the blazer's design has been re-engineered for the circular economy. If you’re in London, you can see the garment at the Design Museum’s new exhibit, Tomorrow’s Wardrobe.
WHAT'S ON
An Evening with Bernardine Evaristo
The Circle is proud to present Booker Prize-winning author and academic Bernardine Evaristo live in conversation with journalist Lucy Siegle.
Evaristo was the first Black British person to win the prestigious award in 2019 with her #1 bestseller Girl, Woman, Other. Now, she joins us to to share her feminist journey and explore the power of creativity as an activist force.
After 14 turbulent years, that have seen Downing Street go from coalition to COVID, from Brexit to Trussonomics, one man is breaking his silence.
Sir Graham Brady was the chairman of the 1922 committee, the group with the power to choose Conservative leaders. As such, he has been the kingmaker – or executioner – for five consecutive Prime Ministers.
The green transition is no longer a looming shadow but a tidal wave reshaping industries, markets, and investment landscapes. So, how do we drive inclusive green growth?
Join us on 6 November 2024 to find out. This event brings together industry, financial, and sustainability stakeholders to explore the opportunities and challenges presented by the green shift in financial policies and instruments.
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