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Ai And The Environment: The Transition To A Bioeconomic Digitalized Society

Author

Listed:
  • IORGULESCU RALUCA-IOANA

    (INSTITUTE FOR ECONOMIC FORECASTING OF THE ROMANIAN ACADEMY, ROMANIA)

  • POLIMENI JOHN M.

    (ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES, USA)

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.

Suggested Citation

  • Iorgulescu Raluca-Ioana & Polimeni John M., 2024. "Ai And The Environment: The Transition To A Bioeconomic Digitalized Society," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 6-13, October.
    • Handle: RePEc:cbu:jrnlec:y:2024:v:5:p:6-13
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    References listed on IDEAS

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