Tag: Renewable energy

BusinessEnergyTechnology

Morocco Commits to Phasing Out Coal Power by 2040 with International Support

Morocco has announced its intention to completely phase out coal power by 2040, provided it receives international climate financing. The country, which recently joined the Powering Past Coal Alliance, is also rapidly expanding its renewable energy capacity to meet ambitious climate targets.

Morocco’s Coal Phase-Out Strategy

Morocco plans to completely abandon coal power by 2040 if it secures international climate finance, according to reports from the Powering Past Coal Alliance (PPCA). The North African nation, which joined the coalition of approximately 60 governments in 2023, is seeking to accelerate its transition to natural gas and renewable energy projects.

by Darren Holt
AIBusinessInnovation

Norway’s $2 Trillion Wealth Fund Deploys AI to Navigate Climate Investment Risks

The world’s largest sovereign wealth fund is reportedly using artificial intelligence to analyze climate impacts across its $2 trillion portfolio. Meanwhile, energy experts suggest the power demands of AI data centers may exceed global capacity for decades, driving investment in alternative energy solutions.

AI-Driven Climate Strategy

Norway’s $2 trillion sovereign wealth fund, the world’s largest, is reportedly deploying artificial intelligence to protect its massive portfolio from climate-related risks, according to sources familiar with the strategy. The fund’s CEO Nicolai Tangen told Bloomberg that AI has become a “real game-changer” for transforming “mountains of information into clear insights that we can act on immediately.”

by Mason Drayton