October 3, 2019 · 3 min read
The elephant in the room : climate change
Plastics filled sea turtles. Poor them but not our problem.
Homeless polar bears. Poor them but not our problem.
Forests and trees burning.
The future is Mars.
Planet Earth has had enough of indolence and now the entire planet is finally on fire. Alongside governments and global leaders addressing the climate change crisis, the business community must play a vital role in how we model sustainable future.
How Technology Companies Are Tackling The Pressing Matter Of Climate Change
At Novum Insights, we’ve looked at how latest tech trends can contribute to sustainability and innovative companies and projects that focus on the most needed transformation on this planet, Reverting Climate Change!
### Hey AI, could you stop being so cool?
Complex machine learning algorithms and artificial intelligence can monitor and predict climate events, pinpointing inefficiencies in carbon emission-heavy industries. This gives individuals and most importantly corporations an easy tools to have a complete grasp of their carbon footprint and implement eco-friendly alternatives.
Harnessing cognitive computing, big data and IoTs, IBM's Green Horizon analyses environmental data to help city governments and utilities to build a more sustainable future. City planners can monitor air quality, forecast air pollution levels and provide pollution warnings and health advice. Solar and wind farms can ensure the optimum configuration and positioning to reduce unnecessary energy waste.
Google Deepmind’s machine learning help improve energy efficiency in large-scale data centres. Applying Deepmind Google has saved up to 40% of energy consumption to cool down its data centres. AI can help optimize the use of unpredictable energy sources such as wind. DeepMind can predict wind power output 36 hours ahead of actual generation and recommend how to optimize the hourly delivery.
Endless use cases for DLT
Among many use cases for blockchain technology, sustainability is often less known. However energy companies started to recognise its impact and offer real-time data management, carbon credit tracking, P2P energy trading and many more powered by blockchain.
WePower’s blockchain-based green energy production accounting solution helps connect directly with energy producers. WePower promises competitive rates with full transparency. The company’s platform measures each individual’s energy consumption patterns to help them contract with the best fit energy provider.
Spark allows consumers to invest in carbon and prevent future pollution. Carbon emitters buy allowances to pollute. The allowances has a finite number forcing emitters to cut their pollution and are traded across Carbon Registries in the US, Canada, Europe and China. Built around distributed ledger technology, Spark’s platform ensures global exposure, security, real-time settlement, low delivery cost and transparency of the service.
LO3 Energy is developing blockchain based solutions to generate, store, exchange and use at a local level. LO3 developed a permissioned data platform called Exergy on which localised energy marketplaces take place to transact energy across the legacy energy grids.