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illuminem summarizes for you the essential news of the day. Read the full piece on CNN or enjoy below:
🗞️ Driving the news: A new proposal aims to build the world’s largest subsea energy interconnector between Europe and North America, facilitating the exchange of renewable energy across the Atlantic
• This ambitious project could reshape global energy relations and address climate change by stabilizing renewable energy supply and demand
🔭 The context: Subsea energy cables are emerging as a key solution to global renewable energy distribution
• Existing projects, such as those linking the UK with several European countries and a proposed link between Australia and Singapore, demonstrate the growing reliance on these underwater connections for energy security and climate goals
🌍 Why it matters for the planet: Decarbonizing the global energy system is urgent to mitigate climate change impacts
• Subsea cables can enhance energy efficiency and reliability, reducing reliance on fossil fuels and helping countries achieve their Paris Agreement commitments
⏭️ What's next: The proposed transatlantic interconnector, named NATO-L, aims to transmit up to 6 gigawatts of renewable energy in both directions
• The project faces challenges, including geopolitical tensions and the need for substantial investment and international cooperation
💬 One quote: “Interconnectors will force nations to think carefully about who their allies should be in a fast-changing geopolitical world.” – Simon Ludlam, CEO of Etchea Energy
📈 One stat: The transatlantic interconnector could potentially transmit the equivalent energy output of six large-scale nuclear power plants
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