As Trump turns his back on renewables, China is building the future

A few days after Donald Trump signed the One Big Beautiful Bill that ended most subsidies for renewable energy, among many other things, the leading artificial intelligence (AI) company, Nvidia Corporation, became the first to pass $US4 trillion ($6.08 trillion) in value. And a few days after that, on Thursday, Bitcoin hit a new record high above $US117,000. The data centres that operate both AI and cryptocurrency are already massively increasing electricity demand and investors are obviously expecting them to keep doing so — exponentially. Meanwhile, the BRICS summit in Brazil last week — it stands for Brazil, Russia, India,…