⚡Good morning, thank you for selecting Acclimate as your go-to source for climate tech insights. Our goal is to guide you through the clean energy transition by focusing on what truly matters for climate tech professionals. Let’s explore the key developments shaping the future of clean energy.

In today’s edition:

• This week’s topics:  Artificial Intelligence, Donald Trump, Public Perception, and Electric Vehicles.

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Amplified Topics and Curated News

⭐Artificial Intelligence

Why it matters: Artificial Intelligence is crucial for energy transition as it drives demand for clean energy solutions like nuclear power and carbon capture, ensuring sustainable practices in tech. Investments in these areas are vital for achieving net-zero emissions and addressing climate change.

AI could help cities tackle climate change, but only if it solves 'real problems': NYC climate chief [www.smartcitiesdive.com]
What: Elijah Hutchinson from the NYC Mayor's Office discussed the dual nature of AI's impact on climate, noting its potential benefits for urban governance alongside the environmental costs associated with data centers, which consume vast resources.
Why: Addressing operational challenges in local government is crucial for effective climate action. Focusing on practical issues like building management and infrastructure can lead to more impactful solutions than relying solely on advanced technologies like AI. [Visit Link]

Amazon AI data centers to double as carbon capture machines [www.semafor.com]
What: Amazon Web Services is collaborating with Orbital Materials to develop a carbon capture system for its data centers. This innovative technology aims to capture more carbon than the fossil fuels consumed, potentially achieving a net negative climate impact.
Why: The integration of carbon capture technology in data centers is significant for addressing climate change. By offsetting emissions from energy-intensive operations, companies like Amazon can lead the way in sustainable practices within the tech industry. [Visit Link]

Data Center Hysteria: How the Power Industry Is Accommodating the Boom [www.powermag.com]
What: Microsoft is negotiating to restart the Three Mile Island nuclear plant for data center power, while Google and Amazon are pursuing small modular reactors. These initiatives aim to meet the growing energy needs of data centers amid the AI boom.
Why: The shift towards nuclear energy for data centers is crucial due to the anticipated surge in power demand driven by AI. Companies like Microsoft, Google, and Amazon are investing in nuclear projects to ensure reliable, clean energy, addressing sustainability and operational efficiency. [Visit Link]

AI power usage is growing so fast that tech leaders are racing to find energy alternatives [www.businessinsider.com]
What: Tech giants like Meta, Google, and Microsoft are investing in nuclear energy to meet their ambitious net-zero goals. The Biden administration announced a $900 million investment in next-generation nuclear technologies, highlighting the critical role of government support in this energy transition.
Why: The urgency of transitioning to clean energy sources, particularly nuclear power, is paramount for tech companies aiming to meet net-zero emissions goals. Government support and investment in nuclear technologies are essential to overcome regulatory challenges and ensure sustainable energy for AI advancements. [Visit Link]

⭐Donald Trump

Why it matters: Donald Trump is important due to his influence on energy policies, particularly in fossil fuels and climate initiatives, which could impact job creation, economic growth, and the transition to renewable energy technologies in the U.S.

US hydrogen strategy unclear as Trump seeks spending cuts [www.reuters.com]
What: The Inflation Reduction Act, aimed at promoting low-emission technologies, has generated significant job growth and investment since its passage in 2022. However, its future, particularly regarding hydrogen production tax credits, is uncertain under a potential Trump administration.
Why: The hydrogen industry is crucial for transitioning to low-emission energy technologies. Government support, particularly through tax credits and initiatives, can drive innovation and job creation in this sector, especially in Republican-held states.[Visit Link]

Climate VCs are cautiously optimistic about a second Trump term -- here's why [techcrunch.com]
What: The Trump administration's policies are expected to influence the climate tech sector, with potential benefits for drilling and geothermal projects. Companies like Kairos and Fervo Energy are already leveraging new opportunities, particularly in AI-related infrastructure.
Why: The potential impact of government policies on climate technology is significant. While some investors express optimism about continued advancements, reliance on federal support remains a concern, highlighting the need for sustainable business models in the sector. [Visit Link]

Can unions save offshore wind from Trump? [grist.org]
What: In October 2023, Rhode Island, Connecticut, and Massachusetts signed a multistate procurement agreement to enhance offshore wind energy generation. This initiative aims to lower costs and create a robust industrial base for renewable energy in the region.
Why: The collaboration among New England states to develop offshore wind energy is crucial for reducing energy costs and creating jobs. This multistate approach demonstrates a commitment to renewable energy and industrial growth, essential for combating climate change. [Visit Link]

⭐Public perception

Why it matters: Public perception is vital for effective climate action as it shapes energy policies, aligns political messaging with voter priorities, mobilizes youth engagement, and promotes sustainable behaviors essential for reducing emissions.

Why the public doesn't buy the idea of a 'green jobs' bonanza [www.ft.com]
What: Northvolt, a key player in Europe's EV battery supply chain, filed for bankruptcy, undermining the narrative of green jobs revitalizing struggling areas. This event reflects broader challenges in transitioning to a green economy and the complexities of job creation.
Why: The narrative of green jobs as a solution to economic decline is losing traction. Public interest lies more in environmental protection than job creation. This shift highlights the need for politicians to align their messaging with public priorities for effective climate action. [Visit Link] (paywall)

🧊Electric Vehicles

Why not as Important: EVs are not the ultimate solution but are an important piece of the puzzle. Passenger cars make up about 7% of US GHG emissions and while important are not low hanging fruit.
📢 Why amplify: EV innovation, market growth, and cultural impact make them a trending topic worth exploring.

Mercedes-Benz testing new solar paint [www.pv-magazine.com]
What: Mercedes-Benz is testing several innovative technologies, including a solar paint that generates energy for vehicles. This paint can cover various car shapes and is designed to produce significant energy, potentially powering daily commutes with solar energy.
Why: Innovations in sustainable automotive technology, such as solar paint and biodegradable materials, are crucial for reducing environmental impact. These advancements reflect the industry's shift towards eco-friendly solutions, aligning with global sustainability goals. [Visit Link]

'Green' energy needs metal. Can we combat climate change while reducing mining impacts? [www.usatoday.com]
What: The demand for lithium and other minerals is surging due to the renewable energy transition, prompting concerns about the environmental and social impacts of mining. Experts highlight the need for reforms and reduced consumption to mitigate these effects while transitioning away from fossil fuels.
Why: The environmental impact of mining for renewable energy materials is significant, yet it is crucial to balance this with the urgent need to combat climate change. Experts argue that the transition to renewable energy, despite its mining demands, is necessary to prevent catastrophic ecological consequences. [Visit Link]

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- Acclimate Team