IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2024v5p184-188.html
   My bibliography  Save this article

Green Economy And Holistic Planning By Artificial Intelligenceapplication

Author

Listed:
  • STEVOVIC IVAN

    (INNOVATION CENTRE OF THE FACULTY OF MECHANICAL ENGINEERING, UNIVERSITY OF BELGRADE, BELGRADE, REPUBLIC OF SERBIA)

  • HADROVIC SABAHUDIN

    (INSTITUTE OF FORESTRY, KNEZAVISESLAVA 3 BELGRADE, REPUBLIC OF SERBIA)

  • JOVANOVIC MIHAILO

    (FACULTY OF MANAGEMENT HERCEG NOVI,MELJINE ADRIATIC UNIVERSITY BAR, MONTENEGRO)

Abstract

Artificial intelligence (AI) is the main toolin the green economy development, as contemporary methodology addressing environmental sustainabilitywith all opportunities, problems and challenges. This manuscript provides a systematic overview of the advantages and drawbacks associated with AI deployment in green sectors. On the one hand, IT such as machine learning, data analytics, and optimization algorithms offer immense potential to enhance resource efficiency, optimize energy systems, and facilitate sustainable decision-making processes. By analyzing large datasets and identifying patterns, AI can optimize energy consumption, streamline waste management, and accelerate the transition to renewable energy sources with the goal of green economy. However, the widespread adoption of AI in the green economy also raises concerns regarding data privacy, algorithmic bias, and job displacement. Additionally, the energy-intensive nature of AI training and computing poses environmental challenges, potentially offsetting the environmental benefits gained from its implementation. Therefore, while AI holds promise as a tool for advancing environmental sustainability in the green economy, careful consideration of its implications is necessary to maximize its positive impacts and mitigate potential risks.

Suggested Citation

  • Stevovic Ivan & Hadrovic Sabahudin & Jovanovic Mihailo, 2024. "Green Economy And Holistic Planning By Artificial Intelligenceapplication," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 184-188, October.
  • Handle: RePEc:cbu:jrnlec:y:2024:v:5:p:184-188
    as

    Download full text from publisher

    File URL: https://www.utgjiu.ro/revista/ec/pdf/2024-05/18_Hadrovic.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2024:v:5:p:184-188. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.