Could Data Centers Put Australia's Net Zero Goal at Risk? -- Market Talk

Dow Jones10-22

2334 GMT - Could the energy demand from new data centers put Australia's net zero target at risk? Jarden thinks it might, highlighting CBRE research that suggests the development pipeline for data centers locally could more than double. Australia is already facing an energy shortfall and there are constraints on approvals for new renewable energy projects, Jarden analyst Michaela Jamison says. That means it will be challenging to support this pipeline of new data centers. "Given that commercial buildings currently comprise around 25% of Australian energy use and 10% of emissions, the significant spike could derail Australia's ambition to meet its decarbonization targets," Jarden says. Currently, data centers account for 1% of global emissions, it notes. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 21, 2024 19:34 ET (23:34 GMT)

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That means it will be challenging to support this pipeline of new data centers. \"Given that commercial buildings currently comprise around 25% of Australian energy use and 10% of emissions, the significant spike could derail Australia's ambition to meet its decarbonization targets,\" Jarden says. Currently, data centers account for 1% of global emissions, it notes. 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Jarden thinks it might, highlighting CBRE research that suggests the development pipeline for data ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GMG.AU","symbol_name":"GOODMAN GROUP","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477849899","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477849899","pubTimestamp":1729553640,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2334 GMT - Could the energy demand from new data centers put Australia's net zero target at risk?Jarden thinks it might, highlighting CBRE research that suggests the development pipeline for data centers locally could more than double. 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