Space data helping Earth adapt to challenges of climate change

12 November 2021

Telespazio UK will lead a UK Space Agency project to develop a Climate Risk Index tool, known as CRISP, to help the insurance sector provide vital financial products to those at risk from droughts and wildfires.

Using climate data from an ensemble of climate projection models, historical reanalysis and Earth Observation data, the prototype developed collaboratively by Telespazio UK and Assimila will focus on two examples – agricultural drought and wildfires – to show insurance companies how to use the data in their own assessments to benefit the finance sector.

CRISP was demonstrated at the S4C green zone stand at COP26, the United Nations climate change conference being hosted by the UK in Glasgow. The British ESA astronaut Tim Peake also attended the S4C stand to hold a live session.

 

 “With the UK set to enforce mandatory reporting on climate-related financial disclosures from April 2022, we need to be prepared and able to deliver clear, reliable, and comprehensive information on the understanding of risk and impacts of climate. Telespazio in collaboration with Assimila are at the forefront of harnessing the power of Earth Observation data to improve reporting in the financial sector and subsequently enable better informed, climate aware decision-making”.

Geoff Busswell, Head of Marketing and Sales at Telespazio UK.

 

The new British National Space Strategy pledged to work closely with the financial sector, including identifying the risk of climate change impact, and the UK space sector is keen to lead the way in climate-related risk disclosures that impact the financial sector. 

Telespazio UK and Assimila are both part of the Space4Climate Climate Risk Disclosure Task Group, and over the past two years have explored how the UK space sector can support the green finance sector in making climate-informed decisions and disclosures.

Other News & Stories

20.07.2022
Space Alliance to bring new firepower to the UK’s national space strategy with the backing of Leonardo and Thales

During a launch event at the Farnborough International Airshow, the Space Alliance has unveiled plans to boost the UK’s £16.5Bn space sector with the full backing of defence and security giants Leonardo and Thales, both of which have major UK-based operations.

13.07.2022
Telespazio returns to Farnborough Airshow, looking to the future

All is set for the Farnborough International Airshow in the UK starting Monday 18 July. Telespazio will be there, exhibiting in the Leonardo Pavilion (B010).  

11.07.2022
The road to IAC 2024 begins

Italy at the heart of the international debate on the use of Space to support sustainability: signing of the contract to host IAC 2024 in Milan set for 15 July.

21.06.2022
Telespazio amongst the pioneers exhibiting at ILA Berlin and highlighting how Space benefits Earth

Ministries, agencies, science and aerospace enterprises will all share their innovations and latest sustainability products at the ILA Berlin from June 22 through 26. Telespazio, through Telespazio Germany, will be represented in various areas and stages at this year’s event.

20.07.2022
Space Alliance to bring new firepower to the UK’s national space strategy with the backing of Leonardo and Thales

During a launch event at the Farnborough International Airshow, the Space Alliance has unveiled plans to boost the UK’s £16.5Bn space sector with the full backing of defence and security giants Leonardo and Thales, both of which have major UK-based operations.

13.07.2022
Telespazio returns to Farnborough Airshow, looking to the future

All is set for the Farnborough International Airshow in the UK starting Monday 18 July. Telespazio will be there, exhibiting in the Leonardo Pavilion (B010).  

11.07.2022
The road to IAC 2024 begins

Italy at the heart of the international debate on the use of Space to support sustainability: signing of the contract to host IAC 2024 in Milan set for 15 July.

21.06.2022
Telespazio amongst the pioneers exhibiting at ILA Berlin and highlighting how Space benefits Earth

Ministries, agencies, science and aerospace enterprises will all share their innovations and latest sustainability products at the ILA Berlin from June 22 through 26. Telespazio, through Telespazio Germany, will be represented in various areas and stages at this year’s event.