Monday, February 23, 2015

"Apple to Invest €1.7 Billion in New European Data Centres" (100% renewable) AAPL

Well this is serendipitous.
The recently concluded Geneva round of climate talks decided that the formula for who pays in and who takes out of the $100 Billion per year climate fund would be determined thus:
97.2 In reviewing and revising Annex I to the Convention, the total amount of greenhouse gases, expressed in carbon dioxide equivalent, emitted by a Party to the Convention since 1750 A.D. shall be added and divided by the current population of that Party. 

Based on the thus obtained per capita greenhouse gas emission s and population size of each Party to the Convention, the average global per capita emissions of greenhouse gases shall be used to evaluate the status of the greenhouse gas emissions of a Party to the Convention. Each Party to the Convention whose per capita greenhouse gas emissions exceed the global average per capita greenhouse gas emissions shall be proposed to be inscribed in Annex I to the Convention, and the remaining Parties shall not be proposed to be inscribed in Annex I to the Convention;
It was written such that Annex I would pretty much be the U.S., Great Britain and northern Europe.
What to do, what to do...hmmm...

Well, U.S tech companies have a few trillion that they won't repatriate for fear of paying taxes...hmmm...
Howsabout they build windmills everywhere, we don't give any money to the U.N. folks or Nigeria's (and 100 other countries) kleptocrats and we call it a wash! A couple trillion of  windmills would cover 20 years of contributions by which time we may have a better handle on what the heck we're talking about.*

From Apple:

State-of-the-art facilities in Ireland and Denmark will run on 100 percent renewable energy
CORK, Ireland—February 23, 2015—Apple® today announced a €1.7 billion plan to build and operate two data centres in Europe, each powered by 100 percent renewable energy. The facilities, located in County Galway, Ireland, and Denmark’s central Jutland, will power Apple’s online services including the iTunes Store®, App Store℠, iMessage®, Maps and Siri® for customers across Europe.

“We are grateful for Apple’s continued success in Europe and proud that our investment supports communities across the continent,” said Tim Cook, Apple’s CEO. “This significant new investment represents Apple’s biggest project in Europe to date. We’re thrilled to be expanding our operations, creating hundreds of local jobs and introducing some of our most advanced green building designs yet.”

Apple supports nearly 672,000 European jobs, including 530,000 jobs directly related to the development of iOS apps. Since the App Store’s debut in 2008, developers across Europe have earned more than €6.6 billion through the worldwide sale of apps.

Apple now directly employs 18,300 people across 19 European countries and has added over 2,000 jobs in the last 12 months alone. Last year, Apple spent more than €7.8 billion with European companies and suppliers helping build Apple products and support operations around the world.

Like all Apple data centres, the new facilities will run entirely on clean, renewable energy sources from day one. Apple will also work with local partners to develop additional renewable energy projects from wind or other sources to provide power in the future. These facilities will have the lowest environmental impact yet for an Apple data centre....MORE
*As Christiana Figueres, head of  the UN climate body, the UNFCCC said a few weeks ago:
"This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time to change the economic development model that has been reigning for at least 150 years, since the industrial revolution....