Central banks use AI to assess climate-related risks:
Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect ...
reuters.com/technology/central-banks-use-ai-assess-climate-related-risks-2024-03-19/
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Key FactsCentral banks utilize AI for evaluating climate-related risks
Mar 19, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Central bankers have utilized artificial intelligence to gather data for assessing climate-related financial risks.
- The experimental Gaia AI project was used to analyze company reports on carbon emissions, green bonds, and voluntary net-zero commitments.
- Gaia provided transparent representation of indicators on climate-related financial risks and facilitated comparison across different jurisdictions.
- The flexible design of Gaia could serve as a model for AI-enabled applications in a broader range of use cases for central banks and the financial sector.
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field that develops and studies software enabling machines to exhibit intelligent behavior
human-caused changes to climate on Earth
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Central banks use AI to assess climate-related risks: Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect ...
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