- Catona's groundbreaking climate finance model poised to meet
growing demand for high-quality nature-based carbon removals caused
by AI energy surge
- Catona developed solution that enables companies of all
sizes leveraging AI to seamlessly address unavoidable emissions via
Catona-sourced carbon removals
LOS
ANGELES, Aug. 11, 2024 /PRNewswire/ -- Catona
Climate, a global climate finance company, has developed a solution
that embeds carbon removal directly into artificial intelligence
(AI) infrastructure, expanding the accessibility of its climate
finance model and enabling businesses around the world to
seamlessly mitigate the climate effects of AI's energy usage with
high-quality carbon removal credits.
AI holds great promise in terms of its transformative potential
for climate action across many sectors — including energy,
transportation, healthcare, agriculture, and forest management. AI
can help track emissions with unprecedented detail, and enable
early detection and warning systems for natural disasters. Catona
Climate is harnessing AI to process massive datasets of bioacoustic
information to help track the effects of an agroforestry project on
local biodiversity. Catona is also exploring how current efforts to
measure above-ground biomass and vegetation vigor with satellite
imagery could be bolstered by AI and machine learning. By some
estimates, scaling AI technologies could help mitigate 5-10% of
global greenhouse gas emissions by 2030, representing up to one
fifth IPCC's 2030 interim reduction target for the world to achieve
net zero by 2050.
But AI also represents a significant climate risk, most notably
in relation to the carbon-intensive amounts of computing power data
centers require to run it — a risk that must be addressed head on.
AI's sudden growth is leading tech companies at the heart of the
boom to adjust emissions forecasts that feed into their net-zero
pathways, raising demand for high-quality carbon
removals.
Catona Climate's groundbreaking carbon financing model can help
meet that demand and address the impact of AI's surging energy
consumption. Leveraging its expertise and proven track record
successfully collaborating with large tech companies, Catona will
help other companies investing in AI lock in the high-quality
credits they'll need in the coming years with flexible forward
offtake agreements. Additionally, these agreements create strong
demand signals, which raise investor confidence driving critical
capital toward the chronically underfunded nature-based carbon
projects.
Now, Catona is working with upstream digital infrastructure
companies to give more businesses access to the same high-quality
carbon removals available through the forward offtake model.
Catona's new solution integrates climate action into underlying AI
architecture and automatically addresses residual emissions with
high-quality credits. Companies of all sizes will now be able to
access the same carbon removal credits available to large,
sophisticated enterprise buyers, providing an automated and
scalable solution to mitigate the unavoidable emissions driven by
AI.
According to a recent report from Goldman Sachs, AI training and
applications could drive data center power demand to grow 160% by
2030, raising the amount of data center power usage to upwards of
4% of overall global energy consumption by the end of the decade.
Innovative and proven solutions developed by companies like Catona
will be critical to drive billions of dollars towards high
integrity carbon removal and ensure AI's beneficial potential can
be realized with minimal detriment to climate.
"Our challenge over the coming years will be to harness the
power of AI for good while mitigating as best we can its negative
climate effects," said Catona Climate CEO Tate Mill. "Catona is uniquely positioned to
help mitigate the effects of AI's inevitable energy surge by
working with leaders in the AI space to scale high-quality carbon
removal projects. But we need to go beyond forward offtake
agreements and – in parallel to innovating around how we accelerate
global decarbonization efforts – deploy more creative, accessible,
automated climate solutions that embed carbon removal upstream into
the fastest-growing, hardest-to-abate supply chains and
technologies – including AI."
About Catona Climate
Catona Climate is a climate finance company that delivers
high-quality carbon solutions to businesses everywhere, helping
transform climate pledges into measurable action through rigorously
vetted high-impact nature-based carbon projects around the world.
Guided by an unwavering commitment to the planet, Catona Climate
exists to combat the climate crisis by driving capital to nature
and enabling a fair and equitable transition to a net-zero future.
Catona Climate is a member of the Business Alliance to Scale
Climate Solutions, IETA and other critical industry groups
dedicated to accelerating climate action. For more information,
visit Catona.com.
Media Contacts
press@catona.com
Catona Investor Relations
investors@catona.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/catona-climate-works-with-ai-leaders-to-mitigate-ai-climate-risks-launches-solution-that-embeds-high-impact-carbon-removal-into-upstream-ai-infrastructure-302219354.html
SOURCE Catona Climate