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

26.05.2022
Telespazio will participate in designing the drone laboratories of the future

Telespazio has signed a contract with ENAC (Ente Nazionale per l’Aviazione Civile) to design the Italian infrastructure dedicated to the testing of new technologies, products and services for the Urban & Advanced Air Mobility (UAM/AAM) sector.

17.05.2022
Telespazio goes to Bonn for the Living Planet Symposium, about how Space can serve the cause of sustainability

Taking the Pulse of Our Planet from Space, to monitor our Planet’s health. This is the goal of the 2022 edition of the Living Planet Symposium held by the European Space Agency (ESA), coming up at the World Conference Center in Bonn May 23 through 27.

06.05.2022
With URANO in Italy drones are included in the national air traffic management system

URANO is a research project funded by the Italian Space Agency with the technical assistance of ENAV, implemented by Telespazio in partnership with Leonardo

26.04.2022
Italian Air Force, Telespazio is awarded the supply of an engineering support service under the H SAF programme

Telespazio has been awarded the Italian Air Force contract for the supply of a multi-year engineering support service under the H SAF International Programme (Satellite Application Facility on Support to Operational Hydrology and Water Management) of EUMETSAT.

26.05.2022
Telespazio will participate in designing the drone laboratories of the future

Telespazio has signed a contract with ENAC (Ente Nazionale per l’Aviazione Civile) to design the Italian infrastructure dedicated to the testing of new technologies, products and services for the Urban & Advanced Air Mobility (UAM/AAM) sector.

17.05.2022
Telespazio goes to Bonn for the Living Planet Symposium, about how Space can serve the cause of sustainability

Taking the Pulse of Our Planet from Space, to monitor our Planet’s health. This is the goal of the 2022 edition of the Living Planet Symposium held by the European Space Agency (ESA), coming up at the World Conference Center in Bonn May 23 through 27.

06.05.2022
With URANO in Italy drones are included in the national air traffic management system

URANO is a research project funded by the Italian Space Agency with the technical assistance of ENAV, implemented by Telespazio in partnership with Leonardo

26.04.2022
Italian Air Force, Telespazio is awarded the supply of an engineering support service under the H SAF programme

Telespazio has been awarded the Italian Air Force contract for the supply of a multi-year engineering support service under the H SAF International Programme (Satellite Application Facility on Support to Operational Hydrology and Water Management) of EUMETSAT.