Jupiter in the news
DP World maps climate resilience path for global ports & terminals
DP World has conducted a pioneering study, in collaboration with Jupiter and Guidehouse, assessing the impact of climate change on its global network of Ports and Terminals (P&Ts) through to the end of the century, as it urges other supply chain players to map their own climate resilience status.
Extreme Weather Forecasts by AI May Help Insurers Facing a Risky Climate Future
Rich Sorkin, CEO and co-founder of climate risk analytics firm Jupiter Intelligence, agreed that insurers can no longer rely solely on "backward-looking" historical data models given the unprecedented threats of climate change. Jupiter uses AI to integrate data from leading climate models, local terrain, infrastructure vulnerability assessments, and damage estimates. This helps insurers understand risk over the lifetime of assets, rather than just annually.
Physical Climate Risk Disclosures: A Crucial Step in Preserving our Economic Stability
While much of the world is focused on decarbonization — as it should be — there is a significant looming and highly overlooked danger organizations face today, says Rich Sorkin of Jupiter Intelligence. And, he says, it’s one that can have significant effects on our global economy: physical climate risk.
Idalia’s Damage Tied to How Fast It Intensifies
“Forecasts for rapid intensification used to be rare, but as scientific knowledge and forecast skill continue to incrementally improve, we can expect to see more such forecasts,” said Rich Sorkin, chief executive of Jupiter Intelligence, which tracks climate risk.
Climate risk guarantees home insurance policies will keep getting more expensive
“In some cases, homeowners won’t be able to get coverage, or they will have to pay more, or they will have less reliable coverage,” said Rich Sorkin, chief executive of Jupiter Intelligence, a climate risk analytics company.
Bloomberg MapLab: Tracking Marine Heatwaves
Here’s how scientists measure the extreme temperatures currently scorching 44% of the world’s oceans. “You can kind of think of El Niño and La Niña as a toggle war in the tropical Pacific,” said Hillary Scannell, an oceanographer and data scientist at Jupiter Intelligence. With La Niña, “cold water gets upwelled along the South American coast and that cold ocean temperature kind of acts as air conditioning to the climate system.” Now that that’s over, El Niño is taking over with its warm waters, disrupting atmospheric circulation and weather worldwide.
What Fannie Mae is doing about climate risk's impact on mortgages
Climate risk can be tough to quantify, but doing so has grown in importance due to regulatory attention and increased difficulty obtaining property insurance coverage for it. In response, Fannie Mae Chief Climate Officer Tim Judge is using his background in analytics and modeling to try to predict and address its impact on the government-sponsored enterprise's sizable mortgage portfolio.
Verdict in Oregon wildfires case highlights risks utilities face amid climate change
A jury verdict that found an Oregon power company liable for devastating wildfires — and potentially billions of dollars in damages — is highlighting the legal and financial risks utilities take if they fail to take proper precautions in a hotter, drier climate. Josh Hacker, chief science officer at Jupiter, said of lawsuit damages. “This is an enormous challenge. Now it’s biting them. And in the end it’s going to bite all of us, because they have to recover that expense.”
Top Climate Change Execs to Watch in 2023
Jeff Ward, Jupiter's Global Public Sector Climate Account Executive, has been named one of WashingtonExec’s Top Climate Change Execs to Watch in 2023. The list highlights industry executives who are dedicated to creating solutions, building sustainable infrastructures, making geospatial data more accessible, and applying their environmental science expertise to help the White House on climate change initiatives.
Partnership to advance ecosystem models, water level predictions
NOAA and climate analytics company, Jupiter Intelligence, signed a formal agreement to advance understanding of coastal ecosystems, precipitation and water level predictions. The goal of the partnership is to support community response to coastal risks to mitigate effects of climate change.
Jupiter Announces Climate Risk Analytics Collaboration with Boston Consulting Group
Jupiter today announced a new collaboration with Boston Consulting Group (BCG), a global consulting firm and leader in the climate space, that will incorporate Jupiter’s best-in-class climate analytics into BCG’s existing ClimateImpact.AI platform.
Jupiter y The Nature Conservancy anuncian su colaboración abordando los desafíos del cambio climático para los ecosistemas y las personas
Jupiter and The Nature Conservancy Announce Collaboration Addressing The Challenges To One Of The World’s Most Diverse Ecosystems
Jupiter Promise will provide best-in-class climate risk analytics to protect sensitive natural areas and estimate future heat and water stresses associated with climate change in Colombia.
Bain & Company Joins Forces With Jupiter to Bring Climate Risk Analytics and Adaptation Strategies to Its Clients
With an initial focus on Bain’s global Financial Services practice, this partnership will help Bain’s clients in banking and insurance to build a rich understanding of their exposure to physical risks, much beyond regulatory requirements.
Jupiter Adds New Metrics for Extreme Cold and Local Water Stress to ClimateScore Global Analytics Platform
Jupiter Adds New Metrics For Extreme Cold And Local Water Stress To ClimateScore Global Analytics Platform.
Renowned Climate Scientist and Nobel Laureate Betsy Weatherhead Returns to Jupiter
Jupiter, the global leader in climate analytics for resilience and risk management, announced today that Betsy Weatherhead has rejoined the company as Special Representative to the Scientific Community.
Jupiter Teams with the Arsht-Rock Center’s Extreme Heat Resilience Initiative To Support Underserved Countries and Communities
Jupiter announced the launch of the Jupiter Promise—a program to make Jupiter’s services available at little to no cost to underserved countries and communities suffering most from the effects of climate change. In this far-reaching initiative, Jupiter plans to reach more than 20% of the world’s population, partnering with at least 20 additional NGOs by the end of 2023.
Jupiter Announces $54 Million in New Funding
The Series C Financing is co-led by Clearvision Ventures and MPower Partners. Jupiter now provides analytics to 30 companies in the Global 2000, U.S. Department of Defense and FEMA to understand the impact of climate change on their physical infrastructure and supply chains, risks to financial portfolios, and vulnerabilities to human health and safety, and to protect over ten billion dollars of physical assets and more than a trillion dollars of financial assets.