Artificial intelligence promises ground-breaking data analysis and forecasting capabilities which may be applied to long-standing climate change issues. However, concerns are rising about the required energy to power these transformative processes, which may contribute to greater carbon emissions and climate destruction. Bloomberg covers the story.
Further technology developments are on the horizon, with MIT spinout The Engine raising $398 Million in a new fund set to tackle climate change challenges amongst other technological problems. The venture firm supports early-stage start-ups developing complex technology in climate tech. Forbes covers the story.
ESG investing is in the news again, with Legal and General Investment Management selling some of its shares in Glencore. This is reportedly in response to concerns over the trader’s coal production and, in LGIM’s opinion, unconvincing commitments to achieving net zero. The Financial Times covers the story.
