AI, ESG Helping to Tackle Climate Change

A growing number of corporations in the United States and other nations are using artificial intelligence (“AI”) technology to enhance their environmental, social and governance (“ESG”) reporting and tackle the increasingly dire issue of climate change. Despite being in its infancy, the nascent AI industry has attracted significant attention due to its potential to disrupt several industries significantly.

Generative AI-powered tools such as ChatGPT have been especially popular in corporations in recent years as the AI can help companies supercharge their ESG reporting and enhance their climate-change mitigation efforts to meet increasingly stringent corporate sustainability requirements. Josh Hatch from Brightworks Sustainability says his company began its journey in sustainability consulting before transitioning to green-building work because it generally has a significant impact on sustainability. The company now dabbles in ESG as well by aiding in bottom-up ESG implementation in corporate policies and facilities.

Hatch defines sustainable buildings and green buildings as designing and running buildings thoughtfully to ensure sustainability in everything from water, materials and energy use to green cleaning products and energy efficiency. According to Hatch, Brightworks Sustainability and other companies in the sustainability space are also interested in entering the fast-growing digital infrastructure space because it is the home of many innovations and has a large impact.

Major players in the digital infrastructure space are also funding impactful innovations such as artificial intelligence, which Brightworks hopes to share and democratize to other industries.  With the digital economy essentially enjoying “unfettered growth” over the last several decades, the space is now showing constraints that were there all along but whose presence was covered up by the landscape’s ferocious growth rate. Hatch notes that even though most people are aware of the benefits derived from the digital economy, awareness of its negative effects is spreading as well.

As a result, customers are much more likely to moderate their time on screen and balance it out with real-world experiences with their friends and family while tech companies are going back to the drawing board and figuring out how to offer products with the most value to customers. He says that while artificial intelligence definitely isn’t a cure all for the globe’s climate change worries, it has potential applications that could benefit electric grids and the nascent green energy space.

AI technology would be instrumental in helping utility companies manage complex energy grids as they source energy from a mix of intermittent sources, including wind and solar, and combine it with green-energy storage facilities.

AI technology is a great complement to other initiatives, such as the extraction of green-energy metals that companies such as First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) are focusing on because renewable energies such as wind and solar are a big part of ensuring sustainability.

NOTE TO INVESTORS: The latest news and updates relating to First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) are available in the company’s newsroom at https://ibn.fm/FSTTF

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