The Newsletter about Climate Data, Regenerative Finance, and Climate Risk ⛅
Good morning, and welcome to the latest edition of the Data ReFined newsletter. We appreciate your interest in our biweekly publication and hope you recommend it to others. If this newsletter was forwarded to you, feel free to subscribe here.
Let's delve into all the news! ⬇️
Google DeepMind Open-Sources New AI Model for Weather Forecasting
DeepMind's GraphCast significantly advances the accuracy and speed of medium-range weather predictions (up to 10 days). The open-source model surpasses the accuracy and efficiency of the current industry standard, the High-Resolution Forecast by the ECMWF. Learn more via the link below!
Explaining Data Bias from Climate Satellites
In this video, Simon Clark discusses the integration of diverse climate satellite systems into datasets such as ERA5. He also covers the methods climatologists use to address minor data discrepancies among the various satellites, which can be launched decades apart.
Carbon Emission Tracking from Space
GHGSat launched the first commercial CO2 sensor in Earth's orbit. The company launched three satellites to provide carbon emission data. The resolution and accuracy enable data scientists to pinpoint industrial facilities that emit CO2.
Sid Jha, founder and CEO of Arbol, on the InsTech Podcast
Arbol has built new climate-related insurance products focused on the energy and agricultural sectors. The insurtech scale-up is also looking to help companies manage climate risks beyond insurance. Listen to the conversation with Sid Jha via the link below for all the details!
Climate Change and the Coffee Industry
The coffee sector is facing significant challenges due to shifting climate conditions, as coffee plants are particularly vulnerable to climate fluctuations and only produce coffee beans within a narrow temperature range. The video below offers insights into the difficulties faced by the industry and discusses potential solutions to these climate-related challenges.
In related news, dClimate has become a member of the Global Coffee Platform and is actively developing a novel ecosystem application aimed at assisting stakeholders in the coffee industry to adapt to evolving climate conditions.
Community Insurance: Insights from NYC's Post-Flood Relief Initiative
The Environmental Defense Fund (EDF) released an article and report about a community insurance pilot in NYC, initiated after the floods in late September. The pilot project utilized a parametric risk transfer mechanism. Read the article for more details.
Sid Jha, co-founder of dClimate, was interviewed about the challenges and opportunities in global carbon markets. He points out that the carbon market is at a critical juncture with increasing demand for higher-quality, verifiable projects. Read the full interview via the link below!
Digital Infrastructure for Carbon Removal
The Climate Collective and the Carbon Business Council have published a white paper about digital infrastructure for carbon removal. The report highlights the main obstacles facing the carbon removal industry, pinpoints areas where digital infrastructure can provide solutions, and presents specific recommendations for the industry's adoption of digital technologies.
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