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"Putting this rapidly-evolving technology into action will enable us to save energy costs for businesses and households, create high-value, skilled jobs, and kickstart millions of pounds of private investment while supporting our net zero targets."
So says Britain's science minister, George Freeman, in announcing $1.7 million in funding for artificial intelligence projects to reduce carbon emissions, per the Guardian.
The AI for Decarbonization Program, part of the UK's $1.19 billion "Net Zero Innovation Portfolio," will offer up to $595,682 in funding to help co-finance a virtual center of excellence on AI innovation and decarbonization until March 2025.
A second funding stream will go toward "innovative initiatives" that further the development of AI technology to help decarbonization.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Greece's economy grew by 0.7% in the first quarter of this year, the country's statistics service announced today, which is a lot better than the government's initial forecast of 0.3%. The...more
There's a new way to invest in the world, and it involves putting your money where your mouth is. In a new video, 3Bank's CEO Vladimir Vukotic and fund manager Tim Crijns explain how the Serbian...more
Italian food company Equita is hoping to make a name for itself in the world of green finance. The company has launched the Equita Green Impact Fund, which aims to invest in projects that have a...more
Foundation: Johnson Foundation, Robert Wood Johnson Foundation
The Robert Wood Johnson Foundation is putting its money where its mouth is, investing $50 million to help communities of color get out of poverty, the New York Times reports. Zoila Jennings, the...more
Foundation: Nathan Cummings Foundation
A billionaire's foundation is investing all of its assets in companies that have a " measurable and beneficial social or environmental impact," the New York Times reports. Nathan Cummings, a...more
One of the world's largest green investment funds is set to announce its first transaction in the US. Per the Wall Street Journal, the Asia Green Fund (AGF) plans to invest up to $1 billion in a...more
Texas is following in the footsteps of Florida, Louisiana, South Carolina, and Utah by pulling billions from BlackRock, the world's biggest asset manager. The Texas State Board of Education...more
Amazon is taking a stand against climate change, and it's putting its money where its mouth is. The company on Tuesday announced the 15 startups that have been selected to participate in the...more
The European Central Bank is expected to cut interest rates for the first time in nearly a decade this week in an effort to boost the struggling eurozone economy, the Wall Street Journal...more
Foundation: Johnson Foundation, Robert Wood Johnson Foundation
The Robert Wood Johnson Foundation is giving $325 million to help communities that have suffered from "a historic lack of investment" in areas such as housing, water, and infrastructure, the New...more
Social Entrepreneurship
Spotlight
Why Not Lease A Jeans?
Dutch fashion label, Mud Jeans, has launched its Lease a Jeans brand. The jeans are crafted of organic and recycled cotton and are 100% responsibly produced.
