dClimate Ecosystem Roundup H1 2024 - Partnership with Tata Consultancy Services

Thanks for tuning in to another news roundup of dClimate's expanding ecosystem. This edition covers all major developments and content from the first half of 2024, including an exciting announcement regarding Aegis, our comprehensive solution for physical climate risk management.

Here is an overview of all the news in our ecosystem! 📰

dClimate and Tata Consultancy Services Partner to Leverage Aegis Climate Risk Assessment Platform

Last year, we introduced Aegis, an advanced physical climate risk assessment platform capable of analyzing 14 types of climate hazards. This tool aids businesses in adhering to required climate-related financial disclosures, enhancing their ability to manage climate risks effectively.

Yesterday, we announced dClimate's strategic partnership with Tata Consultancy Services (TCS) to integrate our Aegis climate risk assessment platform with TCS's Intelligent Urban Exchange™ (IUX). This collaboration will enhance how businesses assess and mitigate physical climate risks, providing advanced AI-driven sustainability decision-making tools.

For a refresher on why we have built Aegis, please read our introductory blog:

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 shield

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Aegis Product Updates

Over the last six months, the Aegis team has been diligently enhancing our AI-powered climate risk management platform with substantial updates to improve functionality, speed, and user experience.

Some of the noteworthy updates of the last period include:

1. Improved visualizations for comparing how exceedance probabilities and projected frequencies change under five different climate scenarios and time periods.
2. Integrated historical data for every location, allowing users to specify an event magnitude or return period, and see how often such an event occurred in the past.
3. Added projections for heating degree days and cooling degree days to help clients understand how energy costs related to heating and cooling can change in the future.
4. In addition to our subscription tier, we have added a “Pay As You Go” option that allows users to quickly create an account and run physical climate risk assessments on their own.

Carbon Financing Mechanisms and Digital MRV Technologies in the Voluntary Carbon Market

Over the past six months, we have published several detailed articles on developments in the voluntary carbon market (VCM). Our carbon team covered topics such as price dynamics of carbon credits, digital measurement, reporting, and verification (MRV) technologies, jurisdictional REDD+ schemes, and international collaboration programs including Article 6 and CORSIA.

These critical subjects were also discussed in a recent webinar with experts from Allcot, Mirova, and Abatable. Watch the video below for the timestamped recording of this in-depth panel discussion.

Measurement, Reporting, and Verification (MRV)

Effective MRV processes ensure the accuracy and integrity of carbon credits by tracking, documenting, and validating emissions reductions. Our article explores the current state of MRV and discusses the emergence of digital MRV solutions, which incorporate state-of-the-art technologies like AI and remote sensing to enhance the efficiency and scalability of monitoring processes in carbon projects.

Learn how digital MRV systems tackle critical challenges of traditional MRV:

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

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Monitoring natural capital is the core of a digital MRV solution. CYCLOPS, powered by dClimate's data infrastructure, leverages advanced technologies to monitor and forecast forest health.

Restoring Confidence in Forest Preservation Efforts

Forest preservation initiatives such as REDD+ projects, face issues such as negative publicity, implementation complexity, funding shortages, and difficulties in monitoring and verification. To restore confidence in these efforts, we emphasize the need for digital MRV technologies, stronger local involvement, robust legal frameworks, and continuous improvement based on past experiences.

Read our article to dive deeper into these topics:

Restoring Confidence in Forest Preservation Efforts

Forests play a vital role in our planet’s health, acting as carbon sinks, biodiversity havens, and natural and financial resources for local communities. Voluntary carbon offset initiatives, particularly forest preservation projects and other reduced emissions from degradation and deforestation (REDD+) initiatives, are crucial tools in the fight for net-zero emissions.

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Price Dynamics in the Voluntary Carbon Market

Carbon credits operate within a complex market, akin to other commodities, involving a network of producers, traders, and brokers. Our recent article explores the various factors that influence carbon prices, such as project type, jurisdiction, vintage, and additional benefits like biodiversity. We underscore the necessity for transparent and standardized pricing mechanisms to scale the impact of the VCM.

For more details, read the full article here:

Price Dynamics in the Voluntary Carbon Market

Catalyzing Environmental Impact through the Voluntary Carbon Market The Voluntary Carbon Market (VCM) and its mitigation impacts have been identified as one of the solutions to help the world achieve its ambitious environmental and sustainable goals. By facilitating investments in diverse projects - from enhancing energy efficiency with cookstoves in

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Jurisdictional REDD+ Schemes in the VCM

J-REDD+ programs and results-based payment (RbP) schemes are gaining traction as effective ways to fund carbon projects. We've released a detailed piece exploring how these mechanisms address challenges like leakage and inflated baselines in the voluntary carbon market.

Discover the full potential of J-REDD+ programs by reading our complete article:

J-REDD+ and Pay-to-Preserve Schemes

REDD+: at the Origin of Forest Preservation The voluntary carbon market (VCM) offers several tools to help combat climate change and its negative impacts on the environment, natural habitats, biodiversity, and local communities. These tools are commonly referred to as nature-based solutions, or NbS, such as afforestation, reforestation, or wetlands

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How More Global Collaboration Benefits the VCM

Our latest article emphasizes the necessity of international cooperation in the voluntary carbon markets, using frameworks like Article 6 of the Paris Agreement and the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). We also touch upon the role of robust governance and regulatory measures.

For a comprehensive overview, read the full article below:

Global Mitigation Efforts

Achieving global net-zero emissions requires private efforts and public interventions, often underscored by robust international collaboration. Private sector initiatives are crucial for innovation, yet governmental action is essential in implementing environmental standards and economic incentives within their jurisdictions. International cooperation aims to synchronize worldwide strategies and norms to combat climate

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News Headlines

• Two-Time NBA Champion DJ Mbenga Joins dClimate Advisory Board to Lead Climate Finance Initiatives in the Democratic Republic of Congo
• We Joined Invest.Green
• dClimate's Co-founder Sid Jha Appeared on Channels Television
• Digital MRV: The Catalyst for Scale, Trust, and Maturity in Global Voluntary Carbon Markets (CYCLOPS blog)
• Why The Voluntary Carbon Market Is Worth Salvaging (Forbes interview with Sid Jha)

Comprehensive Climate Data, Made Easy

dClimate's marketplace and decentralized infrastructure for climate data are core elements of our mission. Easy access to reliable and institutional-grade climate data is essential for verifiable climate impact.

Over the past quarter, we've advanced the development of our data marketplace, targeting a public beta release later this year. We've re-engineered key aspects of the marketplace for greater robustness and scalability. Additionally, we're improving the user experience by developing more tools, including SDKs, tailored for climate researchers and data scientists.

Thank you for reading this roundup! 💙

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