Global warming is the greatest challenge facing humanity today. The 2015 Paris Agreement identified the need to work together with various public and private sector actors to find a solution. In early August of this year, the latest report by the Intergovernmental Panel on Climate Change (IPCC) urged public policymakers to take immediate action to limit the consequences of climate change.
Microsoft is aware of this challenge and is unveiling a series of measures to become a carbon negative company by 2030 and to cut its historic emissions by 2050. However, its strategy extends beyond just eliminating its own carbon emissions. The company has set up a series of incentives to encourage other stakeholders to meet global environmental challenges using technology and artificial intelligence.
A PwC study commissioned by Microsoft estimates that using AI for environmental applications could add up to US$5.2 billion to the global economy in 2030, up 4.4% from the status quo. At the same time, applying AI tools could reduce global greenhouse gas emissions by 4% by 2030. In parallel, AI could create 38.2 million net new jobs in the global economy, offering higher skilled occupations as part of this transition.