Qualcomm's last attempt to make a server chip launched in 2017, and several cloud computing providers such as Microsoft and Cloudflare expressed interest in adopting the design, which was called the Centriq 2400. Chips based on the company's designs have a reputation for using energy more judiciously than rival x86 processors, and those chips - including ones made by Qualcomm - are already used extensively inside smartphones and tablets.Īrm declined to comment about Qualcomm’s possible server chips. In a recent interview with Protocol, Arm CEO Rene Haas estimated that its technology makes up 5% to 10% of the data center market at this point. The Inflation Reduction Act "will help ease the burden that climate change imposes on the American public, strengthen our economy, and reduce future financial risks to the Federal Government and to taxpayers," wrote OMB associate director for Climate, Energy, Environment and Science Candace Vahlsing in a briefing. Bringing down the costs of those technologies here could again have knock-on effects by making them cheaper around the world, further spurring their adoption. Gernot Wagner, a climate economist at Columbia Business School, agreed, telling Axios that the OMB analysis doesn't include assumptions about potentially unquantifiable climate damages or how the law will speed up research and deployment of clean energy and all-electric technology. (Though, it should be noted, the country is the largest historical carbon polluter.) is only responsible for roughly 14% of the world's annual carbon dioxide emissions. The law could very well spur more aggressive climate action abroad, which is vital since the U.S.
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OMB said in the report that there are likely "significant underestimates of the full public benefits of reducing greenhouse gas emissions," since it only focuses on domestic emissions reductions and excludes other potential impacts like ocean acidification. Those costs come from addressing climate change-fueled distasters after they happen and include disaster relief, flood and crop insurance, health care spending and wildfire management. Previous estimates of what climate change could cost the federal government range between $25 billion to $128 billion annually. Lowering carbon dioxide emissions will slow climate impacts like extreme heat and sea level rise, and it will also result in a drop in air pollution tied to burning fossil fuels. The report uses what's known as the social cost of carbon, an economic metric that puts a dollar price per ton on the benefits of not emitting carbon dioxide or other greenhouse gases. This is the OMB's first published estimate of avoided climate-related damage as a result of legislation.
It then looks at what those continued emissions cuts could mean for public health, property and other livelihoods that would otherwise be put at risk by the climate crisis. The OMB analysis runs out to 2050, though, and assumes that the rate of emissions reductions modeled by the three groups in 2030 would continue for the next 20 years.
The analysis is based on modeling from Princeton University, Rhodium Group and Energy Innovation, all of which have found the bill could cut carbon by roughly 40% by 2030. The Office of Management and Budget assessed the bill's benefits, releasing the analysis on Tuesday.
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