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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
TechGoogle

Google Backs Renewable Energy in Asia

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Hilary Brueck
Hilary Brueck
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By
Hilary Brueck
Hilary Brueck
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April 7, 2016, 8:42 AM ET
Germany Debates Its Energy Future
WERDER, GERMANY - OCTOBER 30: Wind turbines stand behind a solar power park on October 30, 2013 near Werder, Germany. The German Social Democrats (SPD) and Christian Democrats (CDU and CSU) are currently in the midst of negotiations to form a new German government and renewable energy policy is among their main points of discussion. (Photo by Sean Gallup/Getty Images)Photo by Sean Gallup—Getty Images
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All those Google searches take a whole lot of power.

Google announced Thursday that the company is funding the Center for Resource Solutions in Taiwan in what the company hopes could be a first step toward buying more renewable energy for its data centers in Asia. The plan is that the San Francisco-based nonprofit can help create renewable energy certification programs in Asia.

“These kinds of programs are key in helping companies like Google (GOOGL) actually know that the power we are buying comes from a renewable source,” the company said in a release.

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The company didn’t say how much money it is spending on the seed funding for CRS.

Data centers in Taiwan and Singapore consume the bulk of the company’s electricity in Asia, Google says. But in Taiwan, Taipower has a monopoly on the power market, making it hard for companies to buy renewable energy in the country, TechCrunch reports. That’s where Google will start the new CRS project.

The investment is part of the company’s wider plan to be completely powered by renewable energy by 2025. In December the company invested in the largest-ever renewable energy purchase by a non-utility company, buying up power in the U.S. as well as around the world, at a solar plant in Chile and a Swedish wind farm.

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