The article also highlights that 2024 is predicted to be another warm year due to the climate crisis and the El Niño weather pattern. These weather-related disasters are expected to reshape where people live and disrupt industries like insurance and agriculture. The Federal Reserve is expected to slash interest rates as many as five times next year as inflation cools.
Key takeaways:
- Artificial Intelligence (AI) is being used to monitor greenhouse-gas emissions and predict extreme weather events, with the potential to reduce emissions by 5% to 10% by 2030.
- Despite high borrowing costs, renewable energy projects are not expected to slow down, with solar and wind projects still being the cheapest sources of new power in suitable locations.
- The year 2024 is predicted to be another warm year, with the climate crisis and El Niño weather pattern increasing the risk of disasters.
- There is a need for more workers with AI knowledge, and governments can help address this gap, as seen with the US Department of Energy's new office dedicated to AI and other emerging technology.