The need is growing for data centres and server farms to feed data-intensive operations. For the last two years, Iceland has been planning to attract those installations, where electric generation is carbon-free and the climate offers energy-free cooling. They’ve been adding data communications capacity that let them reach England in 17 milliseconds.
Banks have hundreds of thousands of servers. Their requirements generate as much carbon dioxide as the airline industry. I had no idea! One major investment bank has signed an agreement to move their servers to Iceland.
Hat tip to “Spark” on the BBC World News.