Data ReFined #09: Digital MRV and Climate Intelligence

In this newsletter, we explore recent developments of AI and climate data, cover new blockchain-powered approaches for verifiable climate action, and shed light on climate risk management strategies such as parametric insurance for extreme weather events.

Data ReFined #09: Digital MRV and Climate Intelligence
Join the dClimate Community for more insights: Twitter | Discord | LinkedIn | Telegram | YouTube

The Newsletter about Climate Data, Regenerative Finance and Climate Risk ⛅

June has arrived, which means the last couple of weeks of spring are here and summer is in sight - at least in the northern hemisphere. Plants, trees and shrubs are growing quickly and absorbing carbon out of the atmosphere. Quantifying and verifying the amount of CO2 that is stored in forests, wetlands, and regenerative agricultural practises can be challenging.

Digital measurement, reporting and verification (dMRV) technologies can help to quantify and monitor these types of processes. This edition of our bi-weekly newsletter pays special attention to digital MRV technologies and climate intelligence tools and covers several exciting developments.

You can read our recent article for a refresher on what digital MRV technologies are and the role they have in increasing integrity regarding climate impact claims, in particular within the voluntary carbon markets (VCM).

dMRV: What is it, how it works, and why it is essential for bringing scale and accountability to the VCM
Digital measurement, reporting and verification tools have gotten more attention in recent months. This article provides an overview of this exciting technological development for carbon markets and beyond.

If you are already familiar with the concept and potential of digital MRV tools, do keep on reading because this newsletter packs more details and plenty of different topics. 👇

📺 Join our Live Climate Tech Panel about Digital MRV

What do digital MRV, blockchain technology, and AI have in common?

These are the topics that our CEO will talk about in today's (June 2, 2023) livestream on Youtube at 4PM UTC.

Together with Open Forest Protocol and the Climate Collective we are hosting a panel discussion about digital measurement, reporting and verification (dMRV) tools as well as the role of emerging technologies such as artificial intelligence and blockchain infrastructure in the context of climate action.

Set your Youtube reminder for the livestream (or watch the recording) below:

⛅ dClimate is Hiring!

As we are expanding our data-driven ecosystem with more products and partners, so rises the need to grow our team. Hence, we are currently looking to add talent in various positions, including our Carbon Analytics team that is building an exciting new dMRV tool.  

See which opportunities are available via the link below:

dClimate Jobs
dClimate Jobs

Climate Data & Intelligence

Data Infrastructure

⛓️ The Climate Action Data Trust published an article about the importance of blockchain-based data infrastructure for carbon markets that resonated with us.

The authors argue that "a common data system is needed to collect and structure all openly accessible data on the lifecycle of carbon credits to enhance transparency, trust, and integrity."

Read the extensive article here:

Blog: Why data infrastructure is key for a transparent carbon market
The Climate Action Data Trust is a free, open-source global platform that connects, aggregates and harmonizes carbon credit data from project registries to enable transparent accounting of carbon

Decentralized Data Marketplaces

🌐 If you find the article above interesting, you will probably also enjoy this piece that dClimate's CEO Osho Jha wrote earlier this year about why we are building a decentralized marketplace for climate data.

The write-up offers additional insights into data marketplaces, the pros and cons of API layers, and the Zarr architecture that enables users to only download the relevant parts of big datasets.

Learn more here:

A Better Approach to Organizing Data Marketplaces
By Osho Jha, co-founder and CEO of dClimate Why Build a Decentralized Marketplace for Data? As our modern economy becomes more and more reliant on large amounts of data, it becomes increasingly important to use marketplaces as a mechanism for organizing data by bringing together consumers and pro…

dClimate's decentralized Data Marketplace contains over 30 terabytes of free institutional-grade climate data that you can use to build new impactful tools and products.

Joining our community on Discord and reading the documentation is the easiest way to get started!

Important Climate Facts from April 2023

📜 The NOAA released an update of their monthly Global Climate Report, showcasing a selection of significant climate anomalies during April 2023.

An overview of significant climate anonomalies and events that happened in April 2023. Image credit: NOAA.

The report covers a lot more interesting climate data and visualizations, so check out the link below for the full picture.

April 2023 Global Climate Report | National Centers for Environmental Information (NCEI)
An analysis of global temperatures and precipitation, placing the data into a historical perspective

Regenerative Finance

ReFi Summit - MRV Innovation Panel

⚡ The ReFi Summit took place from 24-25 May. Robert Heilberg, dClimate's Head of Growth, was one of the speakers in the panel about MRV Innovation.

Together with Geotree, Open Forest Protocol, and Regen Network they talked about new trends in the MRV space, such as using high-resolution data, machine learning, and blockchain infrastructure to verify claims regarding climate impact.

A recording is not available yet, but when this is uploaded we will share it. Follow us on Twitter or LinkedIn if you don't want to miss it!

Robert speaking on the panel about MRV Innovation. Image credit: ReFi Summit

Atmospheric-based digital MRV System

💨 Staying on the topic of digital MRV technologies, our partners at Hyphen introduced a new system for atmospheric-based monitoring. This enables more robust verification processes for claims regarding the reduction of greenhouse gasses in the atmosphere.  

Learn more in the announcement:

Introducing Hyphen’s Atmospheric-based dMRV System
Mitigating the harsh impacts of climate change necessitates significantly reducing, removing, and avoiding further release of greenhouse…

Tangible Climate Impact with Blockchain Technology

✅ Toucan Protocol released a blog post about ReFi organizations that have a tangible environmental impact, featuring our efforts here at dClimate.  

Read the full article:

4 Blockchain projects with tangible impact | Toucan
We introduce 4 innovative climate blockchain projects and their positive, real-world impact on the environment and the communities in which they’re based.

Feeling inspired? Explore our community on Discord to connect and network with other ReFi enthusiasts, data engineers, and climate scientists.

Climate Risk & Resilience

Parametric Insurance for Climate Risks

☔ Arbol, a parametric insurance company powered by dClimate's institutional-grade climate data, announced a new suite of climate risk management products in collaboration with Beazley.

Read the full announcement here:

Beazley Launches Parametric Climate Risk Management Product with new Lloyd’s Coverholder, Arbol
Global climate risk solutions platform Arbol and leading insurer, Beazley, have announced the launch of specialist parametric weather products to the US market.Cutting-edge products are now available for a range of perils, including low and excess precipitation, low and excess wind speed, high and l…

Climate Risks for Coffee

☕ Coffea trees are rather sensitive to changes in weather patterns, which can have significant impacts on the flavor and production of arabica and robusta coffee beans. Due to extreme weather events and a warming climate, many regions that produce coffee beans are struggling.

You can find more information in the article below:

Extreme weather is making coffee cost more and taste worse, report warns
“If nothing is done, we should forget about coffee in a few years to come,” a Malawi-based coffee collective warns.

Early Warning Systems for Extreme Weather Events

🚨 Even though extreme weather events happen more frequently and more intensely, fewer people lose their lives as a result of these catastrophic climate phenomena. Improved climate risk assessment and management tools including early warning systems, enables authorities and disaster relief organizations to take timely actions and prevent people from dying during these impactful events.

Read more details in this article:

Why is extreme weather killing fewer people?
Better early warning systems and disaster management mean fewer lives lost to extreme weather.

Thank you for reading and your support! 💙

If you enjoyed this content, please share it with a colleague, friend, or family member that may be interested. Also, consider subscribing to this bi-weekly newsletter if you haven't done so yet.

Are you interested to learn more about the decentralized and open climate data ecosystem we are building?