A Review on AI-powered Advancements in Climate Finance and its Impact

A Review on AI-powered Advancements in Climate Finance and its Impact

연구 분야: Artificial Intelligence

학회: 2024 11th International Conference on Computing for Sustainable Global Development (INDIACom)

As humanity works progressively to address climate change, the combination of artificial intelligence (AI) and climate financing offers a hopeful path for significant progress. The objective of this project is to examine the strategic implementation of AI technology to improve many areas of climate financing. This research evaluates the capacity of AI algorithms to streamline and automate operations in climate financing organizations, resulting in improved operational efficiency and decreased administrative costs. Furthermore, we have examined the possible uses of AI-driven algorithmic trading in the realm of environmentally-friendly finance. We have assessed its influence on market behavior, the availability of funds, and the distribution of resources towards sustainable investments. In addition, we examine the ethical and regulatory factors related to the implementation of AI in this particular setting. The study examines the influence of algorithmic trading on green finance, with a focus on potential opportunities for collaboration between the public and private sectors. This research offers useful insights into utilizing AI technology to tackle climate-related concerns and promote sustainability in financial decision-making, with a specific emphasis on practical applications.