E-commerce giant Amazon.com Inc’s overall emissions fell 3 percent last year as the company met a goal for all of the electricity it consumes globally to be matched with renewable power, it said yesterday.
Amazon has a goal to reach net zero carbon emissions by 2040 and in 2019 set a target to match 100 percent of its electricity consumption with renewable power by 2030, which it has now met.
The company’s total emissions were 68.82 million tonnes of carbon dioxide equivalent last year, down from 70.74 million tonnes the previous year, Amazon said in its annual sustainability report.
Photo: Reuters
Amazon’s total emissions include those generated from its supply chain, third-party logistics and purchased electricity.
Emissions from the company’s direct operations, rose 7 percent to 14.27 million tonnes, which Amazon said was due to an increase in the number of packages delivered by its in-house logistics team and overall business growth. This figure also includes its data centers.
“We know generative AI requires a lot of computing power. To power this demand while still progressing toward our climate goals, we’ll need different sources of energy than we’d originally projected,” Amazon Worldwide Carbon director Chris Roe said in e-mail.
Amazon invested in 112 new renewable projects last year and is the largest corporate purchaser of renewable electricity in the world, Bloomberg NEF research shows.
The company said it also sometimes purchases renewable energy credits to bridge the gap between the time a renewable energy project is being built and when operations begin. It did not say how many were used to meet the target.
To date, Amazon has invested in more than 500 wind and solar projects globally representing 28 gigawatts of capacity, it said.
Semiconductor business between Taiwan and the US is a “win-win” model for both sides given the high level of complementarity, the government said yesterday responding to tariff threats from US President Donald Trump. Home to the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Taiwan is a key link in the global technology supply chain for companies such as Apple Inc and Nvidia Corp. Trump said on Monday he plans to impose tariffs on imported chips, pharmaceuticals and steel in an effort to get the producers to make them in the US. “Taiwan and the US semiconductor and other technology industries
SMALL AND EFFICIENT: The Chinese AI app’s initial success has spurred worries in the US that its tech giants’ massive AI spending needs re-evaluation, a market strategist said Chinese artificial intelligence (AI) start-up DeepSeek’s (深度求索) eponymous AI assistant rocketed to the top of Apple Inc’s iPhone download charts, stirring doubts in Silicon Valley about the strength of the US’ technological dominance. The app’s underlying AI model is widely seen as competitive with OpenAI and Meta Platforms Inc’s latest. Its claim that it cost much less to train and develop triggered share moves across Asia’s supply chain. Chinese tech firms linked to DeepSeek, such as Iflytek Co (科大訊飛), surged yesterday, while chipmaking tool makers like Advantest Corp slumped on the potential threat to demand for Nvidia Corp’s AI accelerators. US stock
The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal scrutiny from US President Donald Trump. The Fed cut its key lending rate by a full percentage point in the final four months of last year and indicated it would move more cautiously going forward amid an uptick in inflation away from its long-term target of 2 percent. “I think they will do nothing, and I think they should do nothing,” Federal Reserve Bank of St Louis former president Jim Bullard said. “I think the
SUBSIDIES: The nominee for commerce secretary indicated the Trump administration wants to put its stamp on the plan, but not unravel it entirely US President Donald Trump’s pick to lead the agency in charge of a US$52 billion semiconductor subsidy program declined to give it unqualified support, raising questions about the disbursement of funds to companies like Intel Corp and Taiwan Semiconductor Manufacturing Co (台積電). “I can’t say that I can honor something I haven’t read,” Howard Lutnick, Trump’s nominee for commerce secretary, said of the binding CHIPS and Science Act awards in a confirmation hearing on Wednesday. “To the extent monies have been disbursed, I would commit to rigorously enforcing documents that have been signed by those companies to make sure we get
RSS