Insights

Jupiter submitted comments to the Federal Energy Regulatory Commission (FERC) following a Technical Conference the Commission held on “Climate Change, Extreme Weather, and Electric System Reliability” encouraging the Commission to ensure that climate risk assessments be informed by “the current and expected state of data availability and by actual best practices by leading utilities. This includes using current and future-looking weather and extreme event forecasts and scenarios to the greatest extent practicable, rather than relying solely on historic or current forecasts.”

Actionable data about future physical impacts of climate change exists today that can help private and public sector decision-makers make optimal risk management and resiliency choices. Jupiter’s downscaling methods, driven by peril and use case, help customers make informed physical climate risk management and resiliency decisions.

Noting “climate change is already threatening the stability of the U.S. financial system, and nearly every critical infrastructure sector,” Jupiter CEO Rich Sorkin has strongly urged the Securities and Exchange Commission to mandate the disclosure of material climate-related risks in financial filings.

Read the letter that has been submitted by Rich Sorkin, Jupiter CEO and Co-founder, for the Hearing Record of Working Towards Climate Equity: The Case for a Federal Climate Service, a hearing of the US House of Representatives Committee on Science, Space, & Technology, Subcommittee on the Environment.

Read the letter that has been submitted by Rich Sorkin, Jupiter CEO and Co-founder, for the Hearing Record of the US House of Representatives Committee on Financial Services, Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. Jupiter supports the Subcommittee’s consideration of climate risk disclosure and Environmental, Social and Governance (ESG) requirements.

CORDEX is an effort by the World Climate Research Programme to catalyze the widespread research and development of regional climate downscaling techniques. This Jupiter Intelligence technology brief provides leaders with an assessment of the strengths and weaknesses of the framework.

Climate change is about to upend the corporate world through weather-related disasters, regulation and lawsuits. Can businesses react and adapt in time? In a follow-up video to their special report, The Economist turns to Jupiter CEO Rich Sorkin for insights on the evolving climate risk management and regulatory hurdles for businesses.

Today the U.S. Commodity Futures Trading Commission released its first major report on managing climate change risk. The publication will be presented to Congress and features Jupiter’s analysis of flooding risks from its 2020 special report, “Uncovering New Risks from Extreme Floods to Electric Substations in Harris County, TX.” Jupiter advisor Dr. Jesse M. Keenan co-edited the report which addresses the shared role of financial regulators and private enterprises in managing climate risk.

The analysis evaluated present-day infrastructure, design specifications, and procedures against expected climate change to better understand its future impact on Con Edison’s energy delivery systems. Jupiter CEO Rich Sorkin released a statement highlighting the work Jupiter contributed to the study.

An initial investigation, by Milliman, into insurance risk, consumer costs, and resilience incentives under the stress of a changing climate. Jupiter’s role in this study brought together the latest climate modeling methodologies and scientific research to provide actionable insights for climate resilience.

View Rich Sorkin, CEO of Jupiter, testifying at a hearing entitled: “The Future of Forecasting: Building a Stronger U.S. Weather Enterprise.” Mr. Sorkin discusses the use of new technologies like cloud computing and artificial intelligence to address weather and climate risks and the growing need among all sectors of American society for these services as severe weather events cause ever increasing death and destruction due to climate change.

Jupiter Co-Founder and Chief Scientist Dr. Alan Blumberg has co-authored The Urban Ocean. This book introduces the new discipline of urban oceanography, providing a deeper understanding of the physics of the coastal ocean in an urban setting. The authors explore how the coastal ocean impacts with the humans who live, work and play along its shores; and in turn how human activities impact the health and dynamics of the coastal ocean.