AI AND THE ENVIRONMENT: THE TRANSITION TO A BIOECONOMIC DIGITALIZED SOCIETY

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.

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Publication Details

Journal
RePEc: Research Papers in Economics
Published
2024-10-01
Primary Topic
Bioeconomy and Sustainability Development
Type
article
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AI AND THE ENVIRONMENT: THE TRANSITION TO A BIOECONOMIC DIGITALIZED SOCIETY

RePEc: Research Papers in Economics
Bioeconomy and Sustainability Development
article

AI AND THE ENVIRONMENT: THE TRANSITION TO A BIOECONOMIC DIGITALIZED SOCIETY

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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.

RePEc: Research Papers in Economics
Albany College of Pharmacy and Health Sciences (US), Institute of Economic Forecasting (RU)
Zero hunger
Openalex Percentile: Top 27%
Bioeconomy and Sustainability Development
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