Saudi Arabia has shut down half of its oil production after drones attacked the world's largest oil processing facility in the kingdom.Marketsread more
Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.Politicsread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
SHANGHAI, Sept 9 (Reuters) - China's burgeoning internet data sector will increase its power consumption by two-thirds by 2023, putting further pressure on the country's plans to curb smog and carbon emissions, according to a study published on Monday.
China, the world's biggest energy consumer and producer of climate-warming greenhouse gas, is in the middle of a program aimed at upgrading its economy, easing its dependence on old polluting sectors like steel, and cleaning up its mostly coal-fired energy system.
Big data is set to play an increasing role in supplying cleaner electricity, especially in the creation of decentralized "smart grid" systems, but it is also becoming one of the biggest consumers of power in China and elsewhere.
According to the study by environmental group Greenpeace and the North China Electric Power University, soaring power consumption from internet data centers is expected to result in higher carbon dioxide (CO2) emissions from the country's coal-fired power plants.
The sector was responsible for around 99 million tonnes of CO2 last year, and extra efforts need to be made to encourage firms to source power from renewable sources to prevent that figure from spiraling higher, the study said.
"Power market reforms and rapid growth in wind and solar power have created unprecedented opportunities for China's internet giants to procure clean energy," said Greenpeace East Asia climate and energy campaigner Ye Ruiqi.
Power consumption from data centers reached 161 terawatt-hours (TWh) last year, 2.35% of China's total, and it is set to rise to 267 TWh in the next five years, more than Australia's total consumption from all sources in 2018, the study forecast.
The study said China was home to 2.7 million server racks, with the sector expanding at a rate of around 30% a year. The sector's CO2 emissions could reach 163 million tonnes by the end of 2023, but that could be cut by 16 million tonnes if its renewable intake is increased from 23% to 30%.
"Twenty years from now, it is possible that data centers and big data will account for a third of power consumption, three times as much as electric vehicles," said Emmanuel Lagarrigue, Chief Innovation Officer of Schneider Electric, which works with big internet and technology companies in the United States and China.
"It is going to consume a lot of electricity but that doesn't mean it will be less sustainable - many of the players are thinking about how to innovate," he said. (Reporting by David Stanway; editing by Christian Schmollinger)