GREEN ECONOMY AND HOLISTIC PLANNING BY ARTIFICIAL INTELLIGENCEAPPLICATION

Artificial intelligence (AI) is the main toolin the green economy development, as contemporary methodology addressing environmental sustainabilitywith all opportunities, problems and challenges. This manuscript provides a systematic overview of the advantages and drawbacks associated with AI dep...

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Bibliographic Details
Main Authors: STEVOVIC IVAN, HADROVIĆ SABAHUDIN, JOVANOVIC MIHAILO
Format: Article
Language:English
Published: Academica Brâncuşi 2024-10-01
Series:Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
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Online Access:https://www.utgjiu.ro/revista/ec/pdf/2024-05/18_Hadrovic.pdf
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Summary:Artificial intelligence (AI) is the main toolin the green economy development, as contemporary methodology addressing environmental sustainabilitywith all opportunities, problems and challenges. This manuscript provides a systematic overview of the advantages and drawbacks associated with AI deployment in green sectors. On the one hand, IT such as machine learning, data analytics, and optimization algorithms offer immense potential to enhance resource efficiency, optimize energy systems, and facilitate sustainable decision-making processes. By analyzing large datasets and identifying patterns, AI can optimize energy consumption, streamline waste management, and accelerate the transition to renewable energy sources with the goal of green economy. However, the widespread adoption of AI in the green economy also raises concerns regarding data privacy, algorithmic bias, and job displacement. Additionally, the energy-intensive nature of AI training and computing poses environmental challenges, potentially offsetting the environmental benefits gained from its implementation. Therefore, while AI holds promise as a tool for advancing environmental sustainability in the green economy, careful consideration of its implications is necessary to maximize its positive impacts and mitigate potential risks.
ISSN:1844-7007
2344-3685