EU Bows to Tech Lobby, Drops Ten-Year Renewables Rule for Data Centers

The European Union has given in to pressure from Big Tech to water down its strict low-carbon energy requirements in order to pursue its AI agenda as the U.S. and China pull far ahead and the EU plays catchup. Citing a draft document released this week, the Financial Times reported today the EU would reconsider an earlier idea to only allow Big Tech data center operators offset the emissions of their baseload power suppliers by buying certificates from wind and solar operators, but only of facilities built over the last ten years and close to the…