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January 13, 2021
How Climate Change Will Cost Business
The Economist turns to Jupiter CEO Rich Sorkin for insights on the evolving climate risk management and regulatory hurdles for businesses.
As Mr. Sorkin says, “In ten years there won’t be a large entity anywhere on the planet that does not have a handle on its climate risk. Consumers, shareholders and employees won’t stand for it.”
Special Reports
Mandatory Climate Disclosures on the Near Horizon
December 7, 2020
https://jupiterintel.com/sr-mandatory-climate-disclosures/
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With Joe Biden as the President of the United States, companies can expect the most action on climate change of any administration thus far. This special report provides leaders with a breakdown of the complex and evolving regulatory environment as well as guidelines on best practices for monitoring, measuring and disclosing climate risks.
Grids Turn to High-Resolution Climate Analytics as a Strategic Tool for Resiliency Planning
This Jupiter Intelligence special report, part one in a series, examines the urgency behind climate resiliency initiatives in the electric utilities industry; the essential role that high-resolution risk modeling, based on novel data sources and best-in-science climate analytics can play in these efforts; and the noteworthy efforts being undertaken by Hawaiian Electric and other pioneers among utilities.
Physical Climate Risks Present Significant Risk for Utility Grid Infrastructure
July 6, 2020
https://jupiterintel.com/special-report-utility-grid-planning/
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This special report by Jupiter highlights how utilities can harness the value of next-generation climate risk analytics for grid planning.
An Analysis of Three Bayport Petrochemical Facilities
Petrochemical sites on Texas’ Gulf Coast face massive, costly risk this decade from climate-driven extreme weather.
The Danger in Relying on FEMA Flood Maps for Risk Management
April 29, 2020
https://jupiterintel.com/fema-special-report/
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This report from Jupiter Intelligence™ highlights key reasons for FEMA map deficiencies. It compares FEMA flood maps and Jupiter flood modeling outputs to actual flood observations.
Uncovering New Risks from Extreme Floods to Electric Substations in Harris County, TX
February 26, 2020
https://jupiterintel.com/wp-content/uploads/2020/02/Jupiter_HoustonSpecialReport_20200214.pdf
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Extreme weather events already impact a majority of substations in Harris County. As physical risks from climate change grow, Transmission and Distribution planners must leverage cutting-edge climate analytics to enhance grid reliability.
A Deluge of Risk...and a Looming Crisis
January 16, 2020
https://jupiterintel.com/wp-content/uploads/2020/07/Jupiter-SpecialReport-DelugeOfRisk.pdf
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Moderate flooding can have a massive economic impact and cause systemic failure. This study focuses on Miami-Dade County, Florida, but has implications for all communities vulnerable to sea-level rise and prolonged rain events, as well as severe storms.
Blog
Is the AMOC really slowing down?
Is the AMOC really slowing down, and if so why? Jupiter Co-founder and Fellow Alan Blumberg explores whether the trend is signal or noise.
Texas Must Be a Global Wake-Up Call
Failing to prepare is preparing to fail. Craft stronger resiliency measures, or suffer nature’s wrath. Jupiter CEO Rich Sorkin reflects on the severe winter storm that knocked out power in Texas and how the failure to prepare for physical climate risks can exacerbate serious damage.
“Adopt” or Perish? Insurers Seek Best Path Toward Integrating Physical Climate Risk
Jupiter’s Matt Stein discusses the need for insurance companies to adopt physical climate risk management strategies.
It All Comes Down to the Data
January 19, 2021
https://medium.com/jupiterintel/down-to-data-f45072265a3f?source=friends_link&sk=36b842148cfa6d25141b86228862c61f
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Physical climate risk can be challenging to quantify. Accurate, appropriate peril metrics are fundamental to physical climate risk modeling and reporting. Product manager Meghan Purdy discusses how to evaluate climate data sources.
Jupiter and CMIP6: Unlocking the Next Generation of Global Climate Models
November 10, 2020
https://medium.com/@meghan.purdy/5621f1c3d129?source=friends_link&sk=1eeb76ff097e6a80bc3bc1f58135ff04
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The most recent update to ClimateScore Global™ cemented Jupiter as the first provider of climate data from CMIP6. Senior product manager Meghan Purdy discusses the importance of the newer models shift from Representative Concentration Pathways (RCPs) to Shared Socioeconomic Pathways (SSPs).
Climate Risk: A Black Swan No More
September 15, 2020
https://medium.com/jupiterintel/climate-risk-a-black-swan-no-more-eab47305a736?source=friends_link&sk=232bd69e204dc4ef495dd95710932295
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Jupiter’s Meghan Purdy discusses how climate change’s challenges are becoming increasingly commonplace and how risk managers need to adapt.
Publications
The Value—and Many Limitations—of CORDEX-Based Climate Risk Data
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.
How can business survive climate change? | The Economist
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.
CFTC’s Climate-Related Market Risk Subcommittee Releases Report
September 9, 2020
https://www.cftc.gov/sites/default/files/2020-09/9-9-20%20Report%20of%20the%20Subcommittee%20on%20Climate-Related%20Market%20Risk%20-%20Managing%20Climate%20Risk%20in%20the%20U.S.%20Financial%20System%20for%20posting.pdf
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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.
Jupiter Contributes to Con Edison’s Industry-Leading Climate Risk Analysis
January 27, 2020
https://jupiterintel.com/20200127-message-conedison/
Read the full statement and report at
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.
Climate Gentrification and the Role of Flood Insurance
September 16, 2019
https://www.milliman.com/-/media/milliman/importedfiles/ektron/climate_gentrification_and_the_role_of_flood_insurance.ashx
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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.
Jupiter CEO testifies before the Subcommittee on Environment of the U.S. House Committee on Science, Space, and Technology
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.
The Urban Ocean: The Interaction of Cities with Water
September 28, 2018
https://www.cambridge.org/core/books/urban-ocean/BC160D86F3D09D786472D794175E5808#fndtn-information
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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.