Data with Destiny
Heady times, when the founder of the World Economic Forum, Klaus Schwab, decides that non-financial reporting on companies' sustainability numbers are as important as regular old financial statements. If only McAfee were alive to see it.
Thus, as encouragement, we report that Tencent, Huawei, and Alibaba are way ahead of Davos' tireless efforts to make the world a better place for all of us. In full and unfettered support of China's mandate for carbon neutrality by 2060, they have announced their own plans to use evermore renewable energy to power their data centers.
"The cloud is not as ethereal as some would believe," says Edward Lehman. "All that Internet content is hosted in data centers, which combined eat up more electricity than many industrialized nations. The solution will not be as easy as parking new data centers next to wind farms, unfortunately. However, the new technologies involved will include not just renewable, but also verticals such as packaging and supply chain solutions. VCs should be paying attention to the many related startups already getting funding here."