Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

UK government announces £4m AI funding to cut carbon emissions

by August 16, 2023
August 16, 2023
UK government announces £4m AI funding to cut carbon emissions

The UK government has announced a new multimillion pound investment in Artificial intelligence (AI) to transform the way industries cut their carbon emissions.

Twelve green AI initiatives will receive a share of £1 million to decarbonise and boost generation of renewable energy, contributing to reaching the country’s ambitious net zero goal by 2050.

The initiatives range from solar energy improvements, that use AI to improve the forecasting of when it will best produce energy for the grid, to the decarbonisation of dairy farming through the use of AI robots monitoring crop and soil health.

In addition, the government will provide a further £2.25 million to support further AI innovations, with the aim of cutting emissions specifically in energy sectors.

This forms part of the government’s £1 billion Net Zero Innovation Portfolio and cements the UK’s position firmly at the forefront of AI and decarbonisation.

Minister for Energy Efficiency and Green Finance Lord Callanan said: “We are unquestionably world-leading when it comes to advanced AI and our track record for decarbonisation. This unique position means we must now push the boundaries in how this technology can enhance our rapidly-growing clean energy sector.

It’s projects like those announced today that will take us to the next step on our ambitious journey to becoming net zero, while boosting our energy security and creating a new wave of skilled jobs for the future.”

ClimateTech expert Laimonas Noreika, CEO of HeavyFinance said: “AI is set to play a crucial role in tackling the climate change crisis, yet far too many firms lack the funding and support to fully embrace it.

“This new investment is a step in the right direction from the government and will play a crucial role in helping industries like energy, transport, and agriculture to make the most of the latest technology to decarbonise and go green.”

The government’s Digital Catapult agency, which is part of Innovate UK and supports businesses in progressing their ideas, has also today received up to £500,000 to launch the UK’s first Centre for Excellence on AI innovation for decarbonisation (ADViCE).

Read more:
UK government announces £4m AI funding to cut carbon emissions

0
FacebookTwitterGoogle +Pinterest
previous post
UK inflation rate falls for first time since Russia’s invasion of Ukraine to 6.8% in July
next post
How to Contribute to Local Politics and Boost Community Engagement

You may also like

Wealthy Britons disillusioned with uk’s business environment, survey...

July 3, 2024

High street retailers face bleak festive season amid...

November 4, 2024

Hunt set to extend Covid recovery loans by...

March 5, 2024

How to Assess Investment Risk: A Guide for...

February 10, 2025

Bah humbug! Over half of SME owners say...

December 18, 2023

Business energy bill support to be reduced after...

January 10, 2023

Whitehall to bring in AI experts to spearhead...

July 20, 2023

The Dot-Com Bubble And Lessons Learned About Market...

April 21, 2024

Markets rally as US court blocks Trump tariffs,...

May 29, 2025

UK economy slows after surprise contraction within services...

August 23, 2023

Wealthy Britons disillusioned with uk’s business environment, survey...

July 3, 2024

High street retailers face bleak festive season amid...

November 4, 2024

Hunt set to extend Covid recovery loans by...

March 5, 2024

How to Assess Investment Risk: A Guide for...

February 10, 2025

Bah humbug! Over half of SME owners say...

December 18, 2023

Business energy bill support to be reduced after...

January 10, 2023

Whitehall to bring in AI experts to spearhead...

July 20, 2023

The Dot-Com Bubble And Lessons Learned About Market...

April 21, 2024

Markets rally as US court blocks Trump tariffs,...

May 29, 2025

UK economy slows after surprise contraction within services...

August 23, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Hunter Biden seen driving Toyota rental in South Africa after his Secret Service detail was terminated

      May 31, 2025
    • Trump tariff plan faces uncertain future as court battles intensify

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Musk confident DOGE will save $1 trillion as government cost cutting continues

      May 30, 2025
    • Who will be Elon’s successor? The top names in line for DOGE chief

      May 30, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Business (8,104)
    • Investing (2,000)
    • Politics (15,446)
    • Stocks (3,118)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved