Our Curious Amalgam

#296 How Should Competition Law Be Dealing With AI and Climate Change?

Oct 21, 2024

Fiona Schaeffer, a partner at Milbank LLP with over 25 years in antitrust law, discusses how competition law can address pressing issues like climate change and AI. She shares insights about the ABA’s initiatives, emphasizing balanced regulations that encourage innovation while protecting consumers. Fiona reflects on the importance of updating guidelines for sustainability, the need for collaboration among stakeholders, and even takes a moment to enjoy the light-hearted connection between pet ownership and the complexities of life.

28:12

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Fiona Schaeffer

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Quick takeaways

Competition law must evolve to address the intersection of artificial intelligence and climate change while fostering innovation without unnecessary restrictions.

There is a pressing need for updated antitrust guidelines that incorporate Environmental, Social, and Governance (ESG) considerations into competition assessments.

Deep dives

The Intersection of Competition Law, AI, and Climate Change

Competition law faces significant challenges when addressing the rapid advancements in artificial intelligence (AI) and the existential threats posed by climate change. Both issues are deeply interconnected as they stem from large-scale industrial technologies that can lead to serious societal harm if unregulated. The urgency to address these topics has led legal experts to advocate for a thoughtful examination of existing competition and consumer protection laws, emphasizing their potential role in mitigating the risks associated with AI and fostering sustainable practices. The discussions highlight that proactive engagement is necessary to ensure that regulations adapt to the evolving landscape of technology and environmental responsibility.

Intro

2min

Navigating AI and Climate Change in Competition Law

11min

Navigating Competition Law and Climate Change

11min

Engagement and Growth: The Importance of Volunteering

2min

Whiskers and Wisdom: Reflections on Feline Life

3min

Can competition law save humanity? Over the past two years, Fiona Schaeffer has spurred on the lawyers, regulators, and economists of the ABA Antitrust Law Section to examine the role that antitrust law has, or potentially will have, in dealing with the existential challenges posed by climate change and the rise of artificial intelligence. In this episode, co-hosts Alicia Downey and Anora Wang talk with Fiona about why she chose to focus attention on these two issues during her recent term as Section Chair, and the insights that listeners should take away from the Section's work to date.

With special guest:

Fiona Schaeffer, Milbank LLP

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Our Curious Amalgam

#296 How Should Competition Law Be Dealing With AI and Climate Change?

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Intersection of Competition Law, AI, and Climate Change

Regulatory Approaches to AI Development

Sustainability and Antitrust Law

Remember Everything You Learn from Podcasts