Data ReFined #13: Announcing Aegis - A New Paradigm for Climate Risk Assessment

In this edition of our bi-weekly newsletter we introduce Aegis, a breakthrough product to assess physical climate risks - powered by dClimate's open data infrastructure.

Data ReFined #13: Announcing Aegis - A New Paradigm for Climate Risk Assessment
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The Newsletter about Climate Data, Regenerative Finance and Climate Risk ⛅

Recent months have seen a surge in climate-related events making the news, from record-shattering heatwaves on land and in the oceans to devastating wildfires. While some reports may intensify these weather conditions for dramatic effect, the underlying data sends a clear message: we are witnessing a significant shift in long-term climate patterns.

These changes raise pertinent questions for all of us. How will your local community be affected? What will be the repercussions for the organization you're a part of? And what about your supply chain partners, investments, or portfolio companies? Navigating the uncertainties stemming from climate change and the increasing frequency of extreme weather events can be challenging.

To assist in weathering these complexities, we're thrilled to introduce Aegis, our groundbreaking climate risk assessment platform. Aegis goes beyond existing solutions by providing probabilistic insights into climate perils based on location and timeframe.

The user interface of Aegis: select locations, climate perils and a date range to receive insights.

Corporate Climate Risk Management, Done Properly

Aegis leverages dClimate’s robust, modular climate data infrastructure, machine learning algorithms, physical risk models, and climate scenarios to indicate the average annual loss (AAL) a climate peril can cause to a specific location.

This helps corporations in a variety of industries - including banking, finance, tourism, retail, agriculture, and manufacturing - to understand how extreme weather events can impact their business, supply chain partners, or investment portfolio. Moreover, Aegis is a valuable tool for compliance requirements such as TCFD, ISSB and other climate-related disclosure mandates.

All this makes Aegis a versatile and comprehensive risk evaluation platform. For more details, please read our full announcement below! ⬇️

Introducing Aegis: A Revolutionary Leap in Corporate Climate Risk Management
At dClimate, we are driven by an unwavering commitment to deliver comprehensive, precise, and actionable climate data to those who need it the most. Today, we mark an exciting milestone in this ongoing journey as we are proud to announce Aegis (Pronounced [EE] + [JIS] and named after the mythical sh…

Early Access to Aegis

Interested in early access to Aegis? Please fill out the brief form below and we will get back to you!

Industry News

The Risks of an Accelerated Hydrologic Cycle

The new blog post from our partners at Arbol explains the relationship between heat waves and flash floods, and how the impact of severe flooding can be mitigated.

Understanding the Connection Between Extreme Heat Conditions and Flooding
The Link Between Extreme Heat and Flooding

Flood Risk Insights

Are you curious to what extent your property or business is vulnerable to flood risk? This extensive overview of digital tools can help you gain some insights.

30 great tools to determine your flood risk in the U.S. » Yale Climate Connections
The 30 tools include five new risk-rating agencies, FEMA flood maps, interactive sea level rise maps, ZIP-code-level flood insurance rate data, Army Corps levee and dam databases, and sea level rise forecast tools.

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Climate Risk Models

Climate-related disclosures are being mandated across many industries, including finance and banking. However, some of the climate risk models used for these reports are inaccurate or not properly utilized. Many financial institutions do not understand the assumptions or limitations of the climate risk models they use, resulting in implausible and concerning reporting.

Financial models on climate risk ‘implausible’, say actuaries
Lack of understanding of full economic damage caused by ‘hothouse’ conditions, report finds

How Extreme Heat Impacts Humans (in Urban Environments)

This article dives into the dangers of extreme temperatures on the human body and the role of urbanization. The piece includes an infographic that visualizes heat-related deaths in the United States.

Extreme Heat Is Deadlier Than Hurricanes, Floods and Tornadoes Combined
When dangerous heat waves hit cities, better risk communication could save lives

Current Weather Anomalies in a Long-Term Context

Are recent 'record-breaking' weather conditions more unusual than the climate models predict? This article provides nuance to the headlines by putting current weather events into the range of various climate models.

Are temperatures this summer hotter than scientists expected?
Climate models project rapid future warming – and have generally captured the extremes of Summer 2023

Heat Waves in Europe

Copernicus has released a commentary with more background information and context regarding the heat waves in Europe.

The European heatwave of July 2023 in a longer-term context
Europe is experiencing some of the hottest temperatures of summer 2023 so far, as a ‘heat dome’ expands over the southern half of the continent. This weather pattern allows a warm air mass to build up under a high-pressure system, creating stable and dry conditions.

dClimate's Data Marketplace and API contains over 40 terabytes of free institutional-grade climate data that you can use to create climate impact. Reading the documentation and joining our community on Discord is the easiest way to get started!

Celo's Proposed Transition to an Ethereum Layer 2

The Celo network, one of the key blockchain infrastructure projects powering the ReFi movement, has proposed to transition towards a layer 2 on Ethereum. Celo was originally a fork of the open-source Go Ethereum (geth) blockchain software, building out various changes to this codebase prior to launching on Earth Day 2020 as an standalone blockchain network.

This proposal is to be approved by means of an on-chain governance process, in which Celo token holders can vote. If accepted, Celo will undergo a transition process to join Ethereum's growing layer 2 landscape. When completed, the Celo network can benefit from cross-community collaboration, improved compatibility, and increased network security.

The recording of Celo's recent governance call provides more details about this proposal and its implications.

ReFi Events at EthCC

The annual Ethereum Community Conference (EthCC), Europe's largest Ethereum-centric gathering, was organized in Paris from July 17 to 20. As always, there were a number of side-events related to regenerative finance, public goods, and climate impact.

We recommend reading the recap from Toucan Protocol for the highlights! 👇

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