Inflation is a global problem, and it's one that is being exacerbated by climate change. This is because the increased frequency and severity of extreme weather events drive up prices for food, energy, and other necessities. But there is hope: AI can help us fight climate change by reducing emissions, improving energy efficiency, and increasing the use of renewable energy sources. Therefore, the Green transition is a key pillar in fighting inflation, and AI is an important tool in this effort.
In fact, according to a 2022 BCG Climate AI Survey report (shown below), 87% of private and public sector CEOs with decision-making power in AI and climate believe AI is an essential tool in the fight against climate change. Public and private sector executives identified the most significant business value of climate-related advanced analytics and AI in the field of mitigation (reduction) at 61%, with mitigation (measuring emissions) at 57%, as part of the same report (shown in Exhibit 3 below). Other areas include adaptation (forecasting hazards) at 44%, adaptation (managing vulnerabilities and exposure) at 42%, mitigation (removing emissions) at 37% and fundamentals (facilitating climate research, climate finance, and education) at 28%.
There are many ways in which AI can contribute to climate change mitigation, e.g., through energy efficiency or by reducing emissions from transportation, agriculture and industry. AI can also help us adapt to the impacts of climate change by improving our ability to predict extreme weather events and providing decision-support tools to help us respond more effectively. AI can also play a critical role in increasing our resilience to the effects of climate change by helping us identify risk factors and develop plans to mitigate them.
“The most urgent need in this context is not to have more powerful AI but to become smarter at where and how we use AI. There are so many unexplored opportunities,” states Lambert Hogenhout, Chief Data Analytics, Partnerships and Technology Innovation at the Office for Information and Communications Technology (OICT). This sentiment embodies the consensus among many experts in the field: that we need to be more strategic about where and how we deploy AI to make the most impact.
Continue reading: https://www.forbes.com/sites/markminevich/2022/07/08/how-to-fight-climate-change-using-ai/?sh=6e0f95682a83
In fact, according to a 2022 BCG Climate AI Survey report (shown below), 87% of private and public sector CEOs with decision-making power in AI and climate believe AI is an essential tool in the fight against climate change. Public and private sector executives identified the most significant business value of climate-related advanced analytics and AI in the field of mitigation (reduction) at 61%, with mitigation (measuring emissions) at 57%, as part of the same report (shown in Exhibit 3 below). Other areas include adaptation (forecasting hazards) at 44%, adaptation (managing vulnerabilities and exposure) at 42%, mitigation (removing emissions) at 37% and fundamentals (facilitating climate research, climate finance, and education) at 28%.
There are many ways in which AI can contribute to climate change mitigation, e.g., through energy efficiency or by reducing emissions from transportation, agriculture and industry. AI can also help us adapt to the impacts of climate change by improving our ability to predict extreme weather events and providing decision-support tools to help us respond more effectively. AI can also play a critical role in increasing our resilience to the effects of climate change by helping us identify risk factors and develop plans to mitigate them.
“The most urgent need in this context is not to have more powerful AI but to become smarter at where and how we use AI. There are so many unexplored opportunities,” states Lambert Hogenhout, Chief Data Analytics, Partnerships and Technology Innovation at the Office for Information and Communications Technology (OICT). This sentiment embodies the consensus among many experts in the field: that we need to be more strategic about where and how we deploy AI to make the most impact.
Continue reading: https://www.forbes.com/sites/markminevich/2022/07/08/how-to-fight-climate-change-using-ai/?sh=6e0f95682a83
