87% of Climate and AI Leaders Believe That AI Is Critical in the Fight Against Climate Change #GlobalAISummit￼
New Report from AI for the Planet Alliance, BCG, and BCG GAMMA Reveals a Strong Appetite for Using AI to Tackle Climate Change, but Organizations Face Obstacles to Achieving Impact at Scale
Riyadh, Sep 13, 2022—Climate change will have significant impacts on environmental, social, political, and economic systems around the world. Climate change mitigation, along with adaptation and resilience, is therefore crucial. Efforts to achieve net-zero emissions by 2050 will be essential, as will efforts to prepare for the consequences of climate change and to minimize the resulting harm. Applying advanced analytics and artificial intelligence (AI) to climate challenges provides a vital way to make meaningful change at this critical moment.
According to a new report from the AI for the Planet Alliance, produced in collaboration with Boston Consulting Group (BCG) and BCG GAMMA, 87% of public- and private-sector leaders who oversee climate and AI topics believe that AI is a valuable asset in the fight against climate change. The report, titled How AI Can Be a Powerful Tool in the Fight Against Climate Change, is being released today.
Based on survey results from over 1,000 executives with decision-making authority on AI or climate-change initiatives, the report finds that roughly 40% of organizations can envision using AI for their climate efforts (see the exhibit). However, even among these experts, there is widespread agreement that significant barriers to broad adoption remain in place: 78% of respondents cite insufficient AI expertise as an obstacle to using AI in their climate change efforts, 77% cite limited availability of AI solutions as a roadblock, and 67% point to a lack of confidence in AI-related data and analysis.
“Beyond residences and offices using smart meters to monitor and control power usage, every sector, from manufacturing to real estate, can go green with AI. Integrating AI to track and reduce carbon footprint will enhance overall operations’ efficiency and reduce resource usage, said Elias Baltassis, Partner & Director and BCG GAMMA Lead for the Middle East. The deployment of machine learning models, focused on GHG emissions abatements optimization, will accelerate initiatives for achieving net-zero emission targets across sectors.”
“There is very significant potential in leveraging digital technologies to reduce emissions. The World Economic Forum estimates that 15% of global emissions can be reduced, and even up to 20% in high-emitting sectors. BCGs own experience shows that using AI alone can deliver 5-10% of the required emission reduction—and save costs in the process. This is particularly important in the Middle East where countries have high technology aspirations and are rapidly accelerating climate commitments and actions,” added Simon Birkebaek, Middle East Climate & Sustainability Topic Lead, Partner, BCG
Uses of AI in Combating Climate Change
Global leaders can use AI to achieve their goals in multiple ways:
- Mitigation. One of the most critical uses of AI is in the measurement, reduction, and removal of emissions and greenhouse gas (GHG) effects. More than 60% of the public- and private-sector leaders see the greatest business value for their organizations in the reduction and measurement of emissions. According to BCG, the use of AI can drive reductions of 5% to 10% GHG emissions, or 2.6 to 5.3 gigatons of CO2e, if applied globally.
- Adaptation and Resilience. Adapting to climate change is a critical undertaking for policymakers and the public, as it boosts resilience to the effects of both long-term climate trends and extreme weather events. AI is well suited to help project climate-related hazards, whether by improving long-term projections of localized events such as a sea-level rise or by upgrading early warning systems for extreme phenomena such as hurricanes or droughts.
- Fundamentals. AI can support research and education efforts about climate change, helping stakeholders understand the risks and implications and encouraging them to share what they learn. These efforts support and magnify ongoing work toward mitigation and adaptation, and resilience.
Need for Meaningful Support
Many critical uses for AI exist in the climate change arena, but any successful AI solution must be user-friendly and readily accessible. It must offer tangible benefits to the user and provide clear recommendations that are easy to act on. AI solutions, therefore, need much more meaningful support, including access to capital investment, decision-makers, and trained practitioners.
“AI has strong promise to help solve the climate crisis, but AI alone is not enough. It depends on the will of decision makers to act and make necessary changes—supported partly by AI and other emerging technologies,” said Damien Gromier, founder of AI for the Planet and a co-author of the report.
AI for the Planet has invited all interested parties to participate in its call for solutions, with proposals in any stage of maturity (if ready for a first pilot, at a minimum) and from any sector, whether private, public, academic, or nonprofit. Support for each solution chosen will be tailored to its needs and may range from customized commercial or technical support to investor relationships and network development.
To learn more about the call for solutions or to apply, please see here.
See detailed survey findings and information about the report here.
BCG announces participation in the Global AI Summit
As a knowledge partner for the climate taskforce track, BCG’s AI & climate experts Elias Baltassis, Partner & Director and BCG GAMMA Lead for the Middle East, Shelly Trench, Managing Director & Partner and Climate & Sustainability Lead for the Middle East, Dr. Hans-Paul Buerkner, Global Chair Emeritus (former BCG CEO and WEF contributor) and François Candelon, Managing Director & Senior Partner, Global Director, BCG Henderson Institute – will offer strategic insights on a range of topics including Investing in AI, climate change and smart cities and addressing the next generation of Saudi AI scientists and leaders in line with Vision 2030 at the Global AI Summit taking place from September 13-15 in Riyadh, Saudi Arabia.