World Bank scraps climate financing after facing pressure from Trump
The 45% target was set following the United Nations’ climate conference in 2023, pledging the funding to climate-related projects by 2025.
Two more studies have dropped into the middle of an intensifying debate over the impact of data centers on rising bills.
Hyperscalers might be paying billions to avoid blame for rising electricity prices.
Data centers could use up to 15% of all U.S. electricity by 2030, up from 5% in 2024, Berkeley Lab researchers said in a separate analysis.
The US-Israeli war against Iran highlights the Gulf’s dual role as the backbone of global energy supply and a major source of systemic risk.