Data ReFined #28: Nvidia’s Climate Science Platform, Digital MRV in the Voluntary Carbon Market, Parametric Insurance
The Newsletter about Climate Data, Regenerative Finance, and Climate Risk ⛅
With the spring equinox marking a fresh chapter in seasons and weather, it’s the perfect moment to publish the latest edition of our biweekly newsletter covering the newest developments in climate intelligence and carbon finance.
This issue features our latest blog post on digital measurement, reporting, and verification (dMRV), an explainer of how animals collect climate data in remote locations, and Nvidia’s announcement of their cloud platform for climate simulation and interactive weather visualizations.
Let’s dive into it! ☀️
Industry News
Measurement, Reporting, and Verification (MRV)
Digital MRV technologies are reshaping and strengthening the verification frameworks within the voluntary carbon market (VCM). Discover the pivotal role of dMRV solutions in enhancing the transparency of carbon credit projects and the overall integrity of the VCM in our latest article. 👇
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Corporate Collaboration in the Voluntary Forestry Carbon Market
Time published this article detailing the importance of corporate collaboration in restoring confidence in the voluntary carbon market. The write-up explains why the VCM is vital for combating climate change by incentivizing forest protection and restoration and highlights the advancements that are being made toward transparency and integrity.
A Supercomputer for Climate Science
Nvidia recently introduced its Earth-2 platform, a full-stack open computing platform that aims to improve climate and weather predictions. The platform can be used for large-scale AI training, climate simulation, and interactive weather visualizations.
Weather Forecast Improvements in Context
This article from Our World in Data highlights recent developments in data collection, computation, and AI-powered models that have significantly improved weather forecasting accuracy. Yet disparities exist between high-income and low-income countries in terms of accuracy and access to these forecasts, highlighting the urgent need for equitable global access to crucial weather predictions.
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Animals Collecting Climate Data
Discover how sensors on animals are gathering crucial climate data in inaccessible places like high altitudes, deep seas, and polar regions in this informative piece from Yale Climate Connections.
Parametric Insurance for Weather-Related Risks
InsTech’s article discusses how businesses in the energy, construction, and events sectors are adopting parametric insurance to proactively manage climate risks. The article highlights the specific challenges and solutions for traditional and renewable energy companies, including weather derivatives and parametric products for risks like wind, solar irradiation, and water flow.
Climate Risk Considerations for Real Estate
Realtor.com has introduced new tools to help assess a property’s exposure to climate risks. These tools provide risk factor scores for heat, wind, and air, in addition to existing fire and flood assessments. This initiative aims to equip homebuyers and sellers with comprehensive climate risk information, reflecting the growing importance of climate considerations in real estate decisions.
🛡️ Physical climate risk assessment platforms, such as Aegis, can help your company understand climate-related risks and provide valuable insights for mandatory disclosures.
Parametric Insurance for Extreme Heat
AON’s recent article outlines the increasing risks of extreme heat for North American contractors and the construction industry, emphasizing the role of parametric insurance in mitigating these risks. It highlights the financial and health risks associated with extreme heat, such as delays, increased costs, and health concerns for the workforce.
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