Global GHG emissions are 57.1 GtCO2e/y (2023 figure; probably 1-2% more now).

So there's two ways to look at this:

(1) The apologist: So even if AI results in extra emissions of 4 GtCO2e/y (*) by 2035, that is less than 7%, surely that is not an issue.
(2) The climate reality: to stay below 1.5ºC the global CO2 budget for 2035 is 25 GtCO2e/y. Sacrificing 16% of that for AI growth is madness.

https://www.unep.org/resources/emissions-gap-report-2024
(*) my estimate based on 10x AI growth in 10y

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Emissions Gap Report 2024

As climate impacts intensify globally, the Emissions Gap Report 2024: No more hot air … please! finds that nations must deliver dramatically stronger ambition and action in the next round of Nationally Determined Contributions or the Paris Agreement’s 1.5°C goal will be gone within a few years. The report is the 15th edition in a series that brings together many of the world’s top climate scientists to look at future trends in greenhouse gas emissions and provide potential solutions to the challenge of global warming.

UNEP - UN Environment Programme

Now, that 10x growth is not what OpenAI, Dell etc want. No, they want 100x growth.

For what that would mean:

https://wimvanderbauwhede.codeberg.page/articles/the-real-problem-with-AI/#what-about-a-hundred-times-growth

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The real problem with the AI hype • Wim Vanderbauwhede

Even if the AI hype falls flat, it leads to increased emissions at a time when the world can't afford them at all.