Geothermal energy could attract textile factories to Olkaria, Kenya

Kenya will set up investors near geothermal plants to cut the cost of electricity and offer subsidies in order to compete with her neighbours.

Mr Mohamed said on Thursday that they will set up investors at the shores of Lake Naivasha near the geothermal power plant to cut transmission charges to make Kenya attractive.We are going to set them up at Naivasha near the geothermal plant where power is much cheaper since it is at the source, he said.He was speaking when he met a trade delegation composed of investors from China, the US, Australia, the Netherlands and Bangladesh who will also be visiting Tanzania and Ethiopia.

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Industry 4.0: When humans and robots go hand in hand

Amid concerns that the rise of industrial robots may soon render humans obsolete, Swiss automation giant ABBs latest innovation may help shine a new light on what the future will look like when humans and robots can work together as partners.

Since January, political and business circles alike have been abuzz with talk of the fourth industrial revolution - the chosen topic of this years World Economic Forum (WEF) meeting held in Davos, Switzerland - and how it will transform the global economy in the coming years.

This technological revolution, which has the potential to disrupt entire industries and change the way we work and live, will see a fusion of technologies blurring the lines between the physical, digital, and biological spheres, says WEF founder and executive chairman Klaus Schwab.

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Climate change could cost global economy US$24 trillion

A new report by the London School of Economics and Political Science is the first comprehensive study to use an economic model to put a number on the climate value at risk.

A new report published on Monday has put the potential cost of climate change to the world economy at as much as US$24 trillion by 2100, underlining the urgent need for businesses worldwide to pay attention to it.

The report, led by researchers at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science and Vivid Economics, is the first comprehensive study to use an economic model to put a number on the climate value at risk.The study, published in the journal Nature Climate Change estimated that an average US$2.5 trillion, or 1.8 per cent, of the worlds financial assets would be at risk from the impacts of climate change if global temperatures rise by 2.5 deg C above its pre-industrial level by 2100.

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Data centres: The new cool kids on the block?

Data centres power the modern economy and keep the worlds largest businesses, websites and services running, but in doing so they are also the biggest guzzlers of energy worldwide. The industry is applying new business models and technologies to change that.

Facebook, Instagram, Twitter, Amazon, Taobao – these mainstays of urban life and the wider digital economy are powered by an often-overlooked business: data centres.

But these data centres are also indispensable. They house the IT operations, equipment and software of organisations across the world, which stores, processes, and disseminates information.

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