Data ReFined #07: The Newsletter about Climate Data, Regenerative Finance and Climate Risk⛅

Catch up with the most important news of the last two weeks regarding climate data and intelligence, utilizing web3 technologies for climate impact within the emerging regenerative finance niche, as well as climate risk management through parametric insurance.

Data ReFined #07: The Newsletter about Climate Data, Regenerative Finance and Climate Risk⛅
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With the spring in full swing on the Northern Hemisphere, we like to take a moment and thank our planet's closest star for providing unlimited solar energy. An increasing amount of power in the global electricity grid is produced via photovoltaic panels. Bloomberg even estimated that 2023 will see more solar capacity deployed than all other energy sources combined! ☀️

We often talk about utilizing our climate data to protect forests, but these valuable datasets can also be applied in the field of renewable energy. If you are curious how, please reserve Monday, May 15th from 1-2PM ET in your agenda for our live conversation with Jasmine Energy on Twitter Spaces.

Join us for a live conversation about the way climate data can be used for renewable energy! Click the image above or this link to set a reminder on Twitter.

With this announcement out of the way, let's dive into the high signal content that we have collected for you over the past two weeks. 👇

⛓️ Osho Jha, dClimate's CEO, wrote an article for CoinDesk about the power of blockchain technology to contribute to more climate-friendly investments and a greener economy. Some of the main topics that he covers include: open data infrastructure, scaling the voluntary carbon market, and parametric insurance.

Unleashing the Green Economy: How Blockchain Can Transform Climate-Friendly Investment Opportunities
By unlocking the immense potential of blockchain, we stand at the precipice of a transformative era in the global movement towards a greener economy, Osho Jha writes.

🛰️ Europe’s meteorological satellite agency (EUMETSAT) and the European Space Agency (ESA) have released a first image from their third generation weather satellites. These new weather satellites can produce more frequent images with higher resolution and more detail, which helps to improve forecasts of severe weather events and contribute to advance long-term climate models.

Europe’s advanced new weather satellite will support Early Warnings for All
WMO has welcomed the release of the first image from Europe’s newest weather satellite, which reveals conditions over Europe, Africa and the Atlantic with an extraordinary level of detail.

Are you interested to build with the satellite data hosted on our Data Marketplace? Reading the documentation and joining our community on Discord is the easiest way to get started!

Climate Data & Intelligence: Quick News

📜 This article from Fast Company argues that business leaders should integrate more up-to-date climate data and insights into their businesses, especially to anticipate environmental risks. The governmental reports that many businesses rely on are often lagging indicators and not actionable.

🌦️ This article from Slate explains why many weather apps are quite inaccurate and why these apps should improve the way they communicate (extreme) weather events with more context.  

🌊 This article from The Conversation shines light on Earth's rapidly warming oceans, the possible effects of El Niño, and why it matters. "Water can hold much more heat than air can. In fact, just the top few metres of the ocean store as much heat as Earth’s entire atmosphere."

This podcast episode from the Carbon Copy explores the wide range of data and AI applications for grid modeling and renewable energy integration in an increasingly electric and distributed energy system.

📄 The World Economic Forum (WEF) has published a report on how blockchain technologies can scale climate action. More than 40 ReFi organizations have contributed to this paper, including our friends at Climate Collective, Hyphen, and Toucan Protocol.

Blockchain for Scaling Climate Action
This paper is an output of the Crypto Sustainability Coalition’s Working Group on Web3 Climate Action, exploring the relationship between blockchain innovation and climate action, focusing on real work examples and use cases.

💸 This extensive article from Bloomberg details the new 'second wave' of investment flows into climate technology.

How the World Is Spending $1.1 Trillion on Climate Technology
Decarbonized food, futuristic materials and next-generation fuels are now portfolio targets for venture capitalists.

Regenerative Finance: Quick News

🌱 Consensus 2023, one of the biggest web3 conferences, happened last week. Some of dClimate's team members attended the ReFi House event, enabling them to network with new projects and strengthen existing relationships.  

🌍 The Gitcoin Beta Round is now live, and includes a climate solution section. Gitcoin boosts donations from individuals and entities from a bigger capital pool using the quadratic funding mechanism.  

⛈️ dClimate's CEO, Osho Jha, wrote this article for Digital Insurance explaining how blockchain technologies can improve accountability and transparency in climate risk management.

How blockchain is creating accountability in climate risk
For example, a smart contract-enabled parametric insurance product could be designed to automatically pay out to farmers in the event of a drought.

🌪️ Our partner Arbol announced an exciting partnership with RiskStream in which they aim "to leverage blockchain technology to streamline data flow, increase transparency, and enable rapid payouts in parametric insurance and reinsurance programs, addressing the challenges in managing seasonal and catastrophic climate risks, such as major storms and hurricanes."

Arbol and The Institutes RiskStream Collaborative Announce Strategic Partnership to Transform Parametric Insurance
Arbol and The Institutes RiskStream Collaborative Announce Strategic Partnership to Transform Parametric Insurance

Climate Risk & Resilience: Quick News

🎙️ Sid Jha, one of dClimate's co-founders, was interviewed on the Category Visionaries podcast where he talked about building the future of climate risk management.

☀️ This Bloomberg article presents five ways how financial products can de-risk heat waves, including heatstroke and crop insurance.

🔗 In this podcast episode of Climate Rising the Chief Data Scientist at Everstream Analytics discusses how AI and machine learning is used to help mitigate risk for supply chain logistics in a changing climate and in the face of extreme weather events, such as heat stress, drought, and temperature extremes.

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