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    Published on Friday, September 6, 2024 | Updated on Monday, September 9, 2024

    Global | AI and Climate: Disruptive Potential Amid Growing Resource Strain

    Summary

    Artificial intelligence (AI) holds great potential for boosting economic productivity and driving climate action, supporting innovations for the energy transition. However, it also places increasing strain on energy and water resources.

    Key points

    • Key points:
    • AI is being adopted at an unprecedented pace, raising expectations for productivity gains, though the long-term economic effects remain uncertain.
    • AI’s growing computational needs are significantly increasing energy consumption worldwide, but also the water usage.
    • AI supports breakthroughs in clean energy, sustainable finance and climate policy, helping both mitigation and adaptation efforts.
    • To fully realize its disruptive potential, policies must ensure AI’s growth aligns with sustainability by encouraging energy efficiency and minimizing its environmental footprint.

    Geographies

    Authors

    Nara González BBVA Research
    Julián Cubero BBVA Research - Lead Economist
    Joxe Mari Barrutiabengoa BBVA Research - Senior Economist
    Pilar Más Rodríguez BBVA Research - Principal Economist
    Rafael Ortiz Durán BBVA Research - Economist

    Documents and files

    Report (PDF)

    Climate_Change_Watch_6_september.pdf

    English - September 6, 2024

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