Data ReFined #36: Is Carbon a Commodity?

The Newsletter for Climate Data, Regenerative Finance, and Climate Risk Management ⛅

This issue of our biweekly newsletter covers our recent webinar about price dynamics in carbon finance, an article detailing the benefits of tokenizing carbon credits, Arbol's latest explainer about parametric insurance for climate perils, and Google Research's new hybrid climate model.

Let's get started! 👇

Price Dynamics in the Voluntary Carbon Market (VCM)

Last week, we hosted a webinar featuring a panel of industry experts on price discovery mechanisms in the voluntary carbon market and the implications of viewing carbon credits as commodities.

If you missed the live event, you can watch the timestamped recording below or on our YouTube channel. 

We will be sharing clips of this informative panel discussion on LinkedIn and Twitter, so make sure to follow us there!

Industry News

Meet CYCLOPS' New CEO

CYCLOPS is an AI-powered platform for monitoring natural capital and forecasting forest ecosystem health. This innovative carbon data platform is powered by dClimate’s decentralized climate data infrastructure. We are pleased to announce Dr. Sue Kyoung Lee's appointment as CEO of CYCLOPS.

Learn more about Dr. Lee and the future of CYCLOPS in the press release below.

dClimate Announces the Appointment of Dr. Sue Kyoung Lee as CEO of CYCLOPS

dClimate, a leader in decentralized climate data solutions, is pleased to announce Dr. Sue Kyoung Lee’s appointment as CEO of CYCLOPS, a subsidiary of dClimate that provides AI-powered intelligence and data for carbon markets. Dr. Lee’s impressive career spans over 15 years, during which she has been at the forefront

dClimatedClimate

The Benefits of Tokenizing Carbon Credits

Over the past few years, blockchain technology has enabled the tokenization of carbon credits. The article below discusses how decentralized finance (DeFi) platforms are improving transparency, accessibility, and security for tokenized carbon.

Sustainable Decentralized Finance for Carbon Credits Trading

Decentralized finance (DeFi) for carbon credit trading is a game-changing solution to an otherwise energy-intensive practice.

Earth.OrgApril Miller

Collaborative Data Governance for Forest Intelligence

GainForest, a climate tech non-profit working on forest conservation, announced a Data Council that aims to standardize and validate metrics related to forest conservation, restoration, and sustainable land use.

Introducing the GainForest Data Council: A Collaborative Approach to Data Governance

Written by Fatin Hamzah and Chona Billones

GainForest BlogGainForest

Parametric Insurance for Climate Perils

Arbol recently published an in-depth explainer about parametric insurance and its potential to help businesses achieve financial climate resilience. The article highlights the benefits of parametric solutions, including rapid and efficient payouts in case of a natural disaster.

Find more detailed insights via the link below:

What is Parametric Insurance? Coverage, Examples, and Benefits for Businesses

Discover how parametric insurance can enable businesses worldwide to achieve financial climate resilience. Learn what parametric insurance is, see examples, and explore its coverage for hurricanes, floods, crops, and more.

Jul 16, 2024Sid JhaBy Arbol

Buffer Pools in the Voluntary Carbon Market

Renoster and CarbonPool published a report examining buffer pools' limitations in the voluntary carbon market. The study suggests a new approach to ensure permanence, utilizing novel in-kind insurance solutions that provide stability for buyers and sellers.

Buffer pools: Why the carbon market needs a new approach to permanence and how insurance can help | CarbonPool

Buffer pools: Why the carbon market needs a new approach to permanence and how insurance can help - read now on the CarbonPool website.

CarbonPoolMathilda

Leveraging Nature-Based Solutions for Flood Management

Ontario's recent flooding emphasizes the need for improved flood management. Nature-based solutions, like wetlands and forests, are suggested as cost-effective and sustainable alternatives to traditional engineering methods like dams or dykes. These approaches also offer co-benefits such as better water quality and wildlife habitat preservation.

Ontario floods: How nature-based solutions can promote effective flood management

Ontario’s recent flooding reminds us of the fragility of our buildings and infrastructure, and the importance of nature-based solutions in designing more resilient communities.

The ConversationBrendon Samuels

New Hybrid Weather Forecasting Model

Scientists at Google Research have developed NeuralGCM, a hybrid AI model that combines machine learning with traditional physics-based weather forecasting. The hybrid approach makes it more energy-efficient and faster than existing models.

NeuralGCM matches the accuracy of current AI models for short-term weather forecasts and also outperforms them in long-term climate predictions, making it a powerful tool for preparing for extreme weather events.

Google AI predicts long-term climate trends and weather — in minutes

Models that are more reliable and less energy-intensive could help us to better prepare for extreme weather.

NatureHelena Kudiabor

Analysis of Hurricane Models

The National Hurricane Center (NHC) published a study comparing hurricane models. The report showcased the NHC's HAFS-B model's accuracy for multi-day forecasts and the European EMXI model's performance on shorter timeframes. While new models might excel in certain situations, the authors advise not relying solely on them and instead using multiple models to ensure better predictions.

Which hurricane models should you trust in 2024? » Yale Climate Connections

How the models did last year, how they did this year on Hurricane Beryl, and why you should pay the most heed to the National Hurricane Center forecast.

Yale Climate ConnectionsJeff Masters, Bob Henson

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