Pi Labs, which happens to be a global proptech venture capital firm, has gone on to launch Sustainably Intelligent: AI for a Greener Built World, which happens to be a research report that goes on to uncover new details pertaining to the impact artificial intelligence is going to have on decreasing the carbon impact within the built environment.
The report went ahead and found that 5.81 to 6.46 gigatonnes of CO2-e greenhouse gas- GHG emissions can indeed be avoided annually by 2030 with the sector-wide adoption of only four AI use cases. Pi Labs opines that this would go on to offset the total yearly carbon footprint of the United States, which happens to be the world’s second largest GHG emitter as per the 2022 figures.
After examination of 68 sustainability-oriented use cases pertaining to AI across the value chain, the following were selected so as to conduct the analysis with the use of proprietary as well as public data; decreasing the raw material inputs by way of generative design, safeguarding the construction rework with 3D AI analytics, decreasing the building energy intensity with AI-enabled smart building tech, and redirecting the demolition waste by way of AI-enabled waste material analysis.
The head of research at Pi Labs, Luke Graham, said that due to the built world already being quite behind as far as climate targets are concerned, they are indeed pleased to share that the findings of the report go on to indicate that AI is all set to have a transformative impact as far as carbon reductions are concerned.
As per the venture funding data coming from 2023, there already happens to be a significant investor interest within the AI driven green solutions that are aimed at the built environment, but there is indeed the potential to drive this figure to another level due to a clearer understanding of the positive climate impact as well as the growth potential of these technologies. The good news happens to be that the pace of AI innovation that has been achieved since the launch of ChatGPT in late 2022 can be very well put towards prominent climate change mitigation by 2030, and as always, the early adopters in the real estate world are all set to be advantageous to the most.