Jupiter in the news

“What’s as alarming is the real possibility, if not probability, that utility operators who rely on FEMA data are either ignoring or badly underestimating the scope of the actual flood risk they face,” Jupiter CEO Rich Sorkin said.

Jupiter CEO Rich Sorkin writes in POWER Magazine about how climate effects are expected to have outsized impacts on the infrastructure and operations of major public utilities in the coming decades.

As Jupiter CEO Rich Sorkin sees it, the reality of what the real estate market is in for if climate change continues unabated has yet to sink in.

Jupiter’s projections for Miami-Dade County feature prominently in the Associated Press’s report. Several major news outlets picked up the news wire, including the New York Times, Washington Post, U.S. News & World Report, ABC News, Beaumont Enterprise, San Francisco Chronicle, Houston Chronicle, and Sacramento Bee.

Jupiter CEO Rich Sorkin sat down with E&E News in Houston last week to discuss the intersection of energy, politics and climate change. Sorkin said the majority of companies Jupiter speaks with don’t question whether climate change is happening, but some still aren’t ready to act.

In a Miami-Dade-focused report from Jupiter Intelligence, researchers found that moderate flooding of about a foot will affect nearly double the number of homes by 2050.

Jupiter is the start-up to keep an eye on, especially if you believe in Arthur C. Clarke’s maxim that “any sufficiently advanced technology is indistinguishable from magic.”

Jupiter Intelligence uses human and artificial intelligence to help companies look into the future and see the potential impact of climate change on their businesses. “The world needs that kind of information,” says CEO Rich Sorkin. “The world is not moving fast enough to reduce climate change. The impact of climate change is getting worse every year.”

Jupiter, a climate advisory group, recently showed me the type of modeling it is performing for banks and insurance companies in the US. Using a synthetic portfolio of 100,000 residential mortgages in southern Florida — based on the exposure of a real bank — Jupiter forecasts a tripling of losses from flood damage in the next couple of decades.

Jupiter Launches Climate Data, Analytics and Technology Platform to Predict and Manage Weather and Climate Change Risks