AI: Boon or Bane for Clean Energy Transition?
Update: 2025-12-11
Description
AIs potential to unlock an extra trillion barrels of oil has sparked debate on its role in the energy transition. While energy companies see AI as a tool for extracting more oil cheaply, climate activists worry it slows the shift to cleaner energy. Wood Mackenzies AI tool, Analogues, predicts new oil deposits, aligning with expectations of growing oil demand until at least 2032. However, AIs energy consumption is also a concern, potentially increasing demand for natural gas and causing power shortages.
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