A £1.5m government AI scheme has been launched to tackle carbon emissions | Tech Rasta

The UK Government confirmed the investment of £1.5m in new AI innovation program dedicated to reducing carbon emissions and helping the country achieve its net zero targets

With the UK aiming to achieve a net zero climate by 2050, the AI ​​for Decarbonisation program from the Department for Business, Energy and Industrial Strategy is part of the government’s £1 billion Net Zero Innovation Portfolio.

Funding will be disbursed in two initial streams:

  • Stream 1Worth up to £500,000, which will go towards a virtual center of excellence on AI innovation and decarbonisation, the investment is available until March 2025.
  • Stream 2Worth up to £1m, will go towards AI development projects dedicated to supporting carbon reduction nationally.

In addition, additional government funding is planned to support innovation priority areas identified as critical by the Virtual Center of Excellence after 2023.

“The UK is one of the most advanced AI economies in the world, and AI technology is already having a transformative impact on our economy and society. But there is tremendous potential to do more,” said Science Minister George Freeman.

“The AI ​​for Decarbonisation program provides a fantastic opportunity to leverage and develop the UK’s best expertise in this field. Putting this rapidly developing technology into practice can save energy costs for businesses and households, create high-value, skilled jobs and kickstart millions of pounds of private investment supporting our net zero goals.

Investment in AI facilitates talent development

According to Tech Nation, VC investment in UK-based AI companies in 2022 totals $3.6bn so far, an all-time quarterly year-on-year record for Q2 funding this year — $840m.

TechNation CEO Gerard Grech believes the finding will help demonstrate the power of AI to transform a wide range of industries.

However, Grech warned against complacency, saying: “We must continue to support this enabling technology which will become so fundamental to helping solve the UK’s productivity puzzle in the years ahead.”

Interested projects can apply for funding through AI for Decarbonization Scheme till 19 January 2023.


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