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Ai and the Environment: the Transition to a Bioeconomic Digitalized Society

Year: 2024

Type: article

Abstract: The bioeconomy of the future is seen by many as driven by new technologies. The rapid evolution of AI creates the vision of a whole new world with improved lives from food production, to the way businesses are run, and to e-healthcare. The World Economic Forum promotes AIi, as a technology related to the ‘Fourth Industrial Revolution’ for the development of a circular economy/bioeconomy. For the OECD, the bioeconomy is the economic sector with AI-based biotechnology, while for the European Union the bioeconomy is based on the concept of biorefinery (bio-based chemistry that must replace petro-chemistry using biomass which is renewable organic material that comes from plants and animals – agriculture, forestry, aquatic and waste sources). This paper will discuss, on one hand, the environmental impact related to AI systems, and, on the other hand, the potential of AI-innovation to accelerate the transition to a digitalized bioeconomy.

Source: RePEc: Research Papers in Economics

Authors: IORGULESCU RALUCA-IOANA, POLIMENI JOHN M.

Language: English

Topic: Bioeconomy and Sustainability Development

Subfield: General Agricultural and Biological Sciences

Field: Agricultural and Biological Sciences

Domain: Life Sciences

SDGs: Responsible consumption and production, Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W7007675930

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