Summary
- The Wall Street Journal reported that the emphasis on cryptocurrency and AI by President-elect Trump raises the possibility of revitalizing the renewable energy industry.
- Senator Kevin Cramer mentioned the need to expand fossil fuels and renewable energy to meet the electricity demand for AI and cryptocurrency mining.
- There is a prospect that Trump's existing negative stance on renewable energy could change.
There is a prospect that the renewable energy industry could be revitalized due to President-elect Donald Trump's proactive stance on cryptocurrency and artificial intelligence (AI).
On the 25th (local time), the Wall Street Journal (WSJ) highlighted the power consumption involved in AI and cryptocurrency mining businesses, predicting a need for more power sources. Senator Kevin Cramer told the Wall Street Journal, "We don't have enough electricity for servers used in AI or cryptocurrency," emphasizing the need for as much energy as possible, including not only fossil fuels but also renewable energy.
President-elect Trump has so far taken a negative stance on the 'climate crisis' and its solution, renewable energy, but it is explained that this position could change. The media noted, "Trump has previously criticized electric vehicles, but he shifted his stance after getting closer to Elon Musk, CEO of Tesla. Trump's stance on renewable energy could also be relaxed."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![[Key Economic and Crypto Events for the Week Ahead] U.S. January CPI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
