Can we use artificial intelligence (AI), the most powerful tool that humanity has at its disposal, to tackle climate change, the most pressing problem humanity faces today?
According to the Forbes article, several emerging AI start-ups help companies decarbonise or reach their net-zero carbon goals. These AI businesses offers services that range from providing climate insurance coverage, carbon offsets and accounting, providing climate intelligence to guide investments and resilience-building projects, help electric grids efficiency to reduce emissions, support the agriculture sector reduce their GHG, and help mitigate the risk of fires and bolster firefighting efforts.
According to the article, the world has reached an “inflection point” in the relationship between climate change and capitalism. Many of the world’s largest businesses have started to commit to reduce emissions and set a net-zero emissions target.
Companies have begun to adopt practices to reduce their carbon footprint, asset managers have made climate change a crucial part of their investment decisions. In contrast, Government banks have taken policy actions that included climate change as a systematic risk.
This transformation has opened a flow of capital towards climate initiatives. Climate change has become a pressing matter globally as well as a business opportunity.
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