STOCK TITAN

UNFCCC partners with Microsoft to use AI and advanced data technology to track global carbon emissions and assess progress under the Paris Agreement

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
partnership AI
Rhea-AI Summary
Microsoft Corp. (MSFT) partners with the United Nations to create a new AI-powered platform and global climate data hub to measure and analyze global progress in reducing emissions. The partnership aims to simplify the process of validating and analyzing climate data submitted by the 196 Parties to the Paris Agreement. Microsoft has committed $3 million over two years to help enable the implementation of the Enhanced Transparency Framework and the Global Stocktake mechanisms established by the Paris Agreement.
Positive
  • Microsoft's partnership with the UNFCCC demonstrates its commitment to environmental sustainability and climate action.
  • The new AI-powered platform and global climate data hub will provide advanced analysis of global climate data, equipping UNFCCC and member states with the tools they need to efficiently report and validate progress toward carbon reduction targets.
Negative
  • The slow progress in meeting the climate goals set by the Paris Agreement highlights the urgency and challenges associated with reducing carbon emissions.
  • The implementation of the Paris Agreement is critical to achieve the Sustainable Development Goals, indicating the high stakes and importance of the partnership.

DUBAI, United Arab Emirates, Nov. 29, 2023 /PRNewswire/ -- Leaders from the United Nations and Microsoft Corp. on Thursday announced a partnership that will enable the UNFCCC to create a new AI-powered platform and global climate data hub to measure and analyze global progress in reducing emissions. This will dramatically simplify the process to validate and analyze climate data submitted by the 196 Parties to the Paris Agreement.

The partnership comes at a critical time, as the world's governments come together at COP28, organized by the UNFCCC and the COP28 UAE Presidency, to take stock of the slow progress in meeting the climate goals set by the Paris Agreement.

"The world must move faster to reduce carbon emissions. Simply put, you can't fix what you can't measure, and these new AI and data tools will allow nations to measure emissions far better than they can today," said Brad Smith, vice chair and president of Microsoft.

"The Paris Agreement provides the framework for all the world's nations to reduce greenhouse gas emissions in line with limiting global warming to 1.5 degrees," said Simon Stiell, UNFCCC executive secretary. "Climate change is a global emergency that goes beyond borders. It will require technology for adaptation and mitigation. Progress also requires collaboration from trusted partners to develop the tools that the framework requires to be delivered. We are happy to work with Microsoft in this effort."

Aggregating and analyzing carbon data today is time consuming and often done through manual methods. Under the agreement, Microsoft will build a new platform to provide digital support to the UNFCCC's Enhanced Transparency Framework. This platform will enable advanced analysis of global climate data through the creation of a new global climate data hub and an AI-powered data analytics platform. This will equip UNFCCC and member states with the tools they need to efficiently report and validate progress toward carbon reduction targets. This includes tracking transportation, agriculture, industrial processes, and other sources of carbon emissions. It will also provide UNFCCC and member states with tools to plan carbon reduction strategies using simulations, benchmarks, and data visualizations to help inform targeted actions, saving time and money.

This work will also include the creation of Global Climate Dashboards for publication on UNFCCC website, increasing transparency, accountability, and ultimately informing meaningful climate action.  

Microsoft has committed $3 million over two years to help enable the implementation of the Enhanced Transparency Framework and the Global Stocktake mechanisms established by the Paris Agreement.

Enacted in 2015, the Paris Agreement commits countries to reducing emissions to slow the impact of climate change, and to strengthen these commitments over time. Implementation of the Paris Agreement is critical to achieve the Sustainable Development Goals.

Microsoft and the UNFCCC will also partner to host a series of events intended to accelerate climate action in the UNFCCC Pavilion (Blue Zone) at COP28.

About UNFCCC

The UNFCCC secretariat (UN Climate Change) is the United Nations entity tasked with supporting the global response to the threat of climate change. UNFCCC stands for United Nations Framework Convention on Climate Change.

About Microsoft

Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/unfccc-partners-with-microsoft-to-use-ai-and-advanced-data-technology-to-track-global-carbon-emissions-and-assess-progress-under-the-paris-agreement-302001079.html

SOURCE Microsoft Corporation

FAQ

What is the partnership between Microsoft Corp. and the United Nations about?

The partnership aims to create a new AI-powered platform and global climate data hub to measure and analyze global progress in reducing emissions.

What is the commitment made by Microsoft Corp. for the implementation of the Enhanced Transparency Framework and the Global Stocktake mechanisms established by the Paris Agreement?

Microsoft has committed $3 million over two years to help enable the implementation of the Enhanced Transparency Framework and the Global Stocktake mechanisms established by the Paris Agreement.

Why is the implementation of the Paris Agreement critical?

The implementation of the Paris Agreement is critical to achieve the Sustainable Development Goals, indicating the high stakes and importance of the partnership.

What are the challenges associated with reducing carbon emissions?

The slow progress in meeting the climate goals set by the Paris Agreement highlights the urgency and challenges associated with reducing carbon emissions.

Microsoft Corp

NASDAQ:MSFT

MSFT Rankings

MSFT Latest News

MSFT Stock Data

3.24T
7.43B
0.06%
73.84%
0.81%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
REDMOND