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. 👇

MRV: the Key to Unlocking the Voluntary Carbon Market

Developing a carbon project involves a workflow that includes initial assessments and feasibility studies, a Project Design Description (PDD), and monitoring, reporting, and verification (MRV). MRV is the process used to monitor and quantify how much CO2e is reduced or removed from the atmosphere by a project, transparently report these

dClimatedClimate

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.

Companies Must Work Together to Rebuild Trust in the Carbon Market

To boost carbon markets, companies shouldn’t shy away from publicizing their efforts writes Dan Lambe, CEO of the Arbor Day Foundation.

TimeDan Lambe

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.

NVIDIA Earth 2 Platform

Predicting Climate Change with AI

NVIDIA

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.

Weather forecasts have become much more accurate; we now need to make them available to everyone

A four-day forecast today is as accurate as a one-day forecast 30 years ago.

Our World in DataBy: Hannah Ritchie

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.

All this climate data is wild » Yale Climate Connections

Animals wearing sensors gather tremendous amounts of data from forbidding regions such as high altitudes, ocean depths, and frozen areas near the poles.

Yale Climate ConnectionsKristen Pope

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.

Managing weather-related business volatility | InsTech

Changes in the weather can significantly disrupt demand and operations for companies in sectors such as energy, construction and events, even if they cause little or no physical damage. As weather patterns change due to global warming, more organisations are choosing parametric insurance to manage their exposures to variability in the weather. Changes in the weather can significantly disrupt demand and operations for companies in sectors such as energy, construction and events, even if they cause little or no physical damage. As weather patterns change due to global warming, more organisations are choosing parametric insurance to manage their exposures to variability in the weather.

InsTech

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.

Realtor.com reveals new tools to evaluate climate risk exposure

Amid escalating climate concerns, Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. Realtor.com is leveraging data from First Street, a climate technology company, and will offer three new risk factor scores — heat, wind and air — to […]

Yahoo FinanceSarah Marx

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.

Protecting North American Contractors from Extreme Heat Risks with Parametric

Growing extreme heat conditions have escalated risks, delays and costs for the construction industry in North America. Parametric insurance can help protect against such risks, offering contractors and building owners agility, efficiency and flexibility.

AONCole Mayer Global Head, Parametric

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