Page 91 - the taiwan banker (2024.10.178)

逐漸成長的資料需求，讓科技巨頭發現碳中和願景必定跳票，因此，他們勢必會在未來幾年優先投資綠色供應鏈。

ঐ๕ᔷۨf࠯΋dɛ ʈ ౽ ᅆ ც ࠅ ٙ ཥ ׌d̙˸͜΢ήʘගٙࢨମၪܵΌ਷ཥ
ɢ ̥ ึ ʔ ᓙ ᄣ ڗ d ɛ ᗳ Ύ ܣ ჿ ື ঐ ே ɢᖢ֛fν؈ݔή௕˂ೌج͜˄ජঐ೯
ೌجࠥЭ၁ર׳fՉ ϣ d ɛ ʈ ౽ ᅆ ஷ ཥ d ஷ੬̤ɓࡈή˙ٵ֛ᝣජ৷๫אєഹ
੬̀඲ܵᚃԶཥdШɽεᅰΎ͛ঐ๕ே ɽࠬfШவםίʃࢥ਷࢕ҁΌʔቇ͜f

݊ග๊׌€Inter mittentٙdೌجတ ஢εʔΝٙࡡΪdேᜫཥၣவ၇ል
ԑცӋf ᕏٙਿᓾܔணdʔቇΥ׳ഗ̹ఙІ͟ᘩ
һࠠࠅٙୋɧᓃ݊dɛʈ౽ᅆცࠅ نf࿁ϓڗۨҳ༟ɛԸႭdաՑᘌ္ࣸ

อࣛ˾ٙཥၣfɽεᅰ਷࢕ٙή ଣ ε ᅵ ଣd࠯ࠠ஝ᒒࠬᎈٙʮϞԫุd݊ᖢ֛ϓ

proposition. And then all of a sudden, the light countries which are not small, isolated islands,
bulb goes off and it’s that ah, compute is a value geographic diversification can be a useful tool to

trade.” manage this intermittency, enabled by the ability
to move electricity between areas with different
Sustainable demand, unsustainable supply
weather patterns. If one area is cloudy, inhibiting
AI threatens several aspects of the energy solar power, surely another will be sunny or windy.

transition all at once. First, it is a source of scalable The power grid is complex infrastructure
power demand, eliminating the possibility of energy which, for many reasons, is unsuited for market-

conservation to drive down carbon emissions. based management. Instead, utilities are highly
Second, the demand it creates is usually continuous, regulated and risk-averse, making them sleepy
causing a mismatch with the intermittent nature of stocks for growth investors. This year, however, as
most renewable energy sources. AI concept securities surged, the markets started

And a third, more subtle point is that it also turning to utilities as a back door into the frenzy.
creates new requirements for the power grid. In After all, one solution to this green dilemma is to

2024.10 台灣銀行家 91

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