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

11.03.2024
The English edition of "Space In our Hands" presented by Telespazio and the Bocconi SEE Lab

The English edition of Space In our Hands, published by Mimesis International, was presented in Milan on 7 March. The book, already available in Italian in a version published by Hoepli, is the result of a project of Telespazio and of the SEE Lab (the Space Economy Evolution Lab of the SDA School of Management) and is dedicated to sustainability, an increasingly hot topic both on Earth and in space.

07.03.2024
Telespazio Germany and constellr: A cooperation to improve our planet’s health

Telespazio Germany and constellr have signed an agreement for the provision of Telespazio’s ground segment software solution, EASE-Rise, to operate constellr’s first satellite. The upcoming launch, scheduled for later this year, aims to provide global land surface temperature (LST) imagery, contributing to the fight against climate change.

27.02.2024
Telespazio is taking part in “Drones and advanced air mobility: flying into the future, between challenges and opportunities”

Next Wednesday, 28 February, Telespazio will be among the participants in the meeting “Drones and advanced air mobility: flying into the future, between challenges and opportunities”, organised by the Drones and Advanced Air Mobility Observatory of the Politecnico di Milano, which Telespazio has been a partner of since 2021.

15.02.2024
The ASI AGILE satellite has re-entered the atmosphere, after being managed in orbit for 17 years by Telespazio

After 17 years of activity, AGILE (Astrorivelatore Gamma a Immagini LEggero, Light Imager for Gamma-ray Astrophysics), the scientific satellite of the Italian Space Agency (ASI), has re-entered the atmosphere. The “passivation” of the satellite, as required by international standards, was correctly carried out on 18 January by the Telespazio technicians in the Fucino Space Centre.

11.03.2024
The English edition of "Space In our Hands" presented by Telespazio and the Bocconi SEE Lab

The English edition of Space In our Hands, published by Mimesis International, was presented in Milan on 7 March. The book, already available in Italian in a version published by Hoepli, is the result of a project of Telespazio and of the SEE Lab (the Space Economy Evolution Lab of the SDA School of Management) and is dedicated to sustainability, an increasingly hot topic both on Earth and in space.

07.03.2024
Telespazio Germany and constellr: A cooperation to improve our planet’s health

Telespazio Germany and constellr have signed an agreement for the provision of Telespazio’s ground segment software solution, EASE-Rise, to operate constellr’s first satellite. The upcoming launch, scheduled for later this year, aims to provide global land surface temperature (LST) imagery, contributing to the fight against climate change.

27.02.2024
Telespazio is taking part in “Drones and advanced air mobility: flying into the future, between challenges and opportunities”

Next Wednesday, 28 February, Telespazio will be among the participants in the meeting “Drones and advanced air mobility: flying into the future, between challenges and opportunities”, organised by the Drones and Advanced Air Mobility Observatory of the Politecnico di Milano, which Telespazio has been a partner of since 2021.

15.02.2024
The ASI AGILE satellite has re-entered the atmosphere, after being managed in orbit for 17 years by Telespazio

After 17 years of activity, AGILE (Astrorivelatore Gamma a Immagini LEggero, Light Imager for Gamma-ray Astrophysics), the scientific satellite of the Italian Space Agency (ASI), has re-entered the atmosphere. The “passivation” of the satellite, as required by international standards, was correctly carried out on 18 January by the Telespazio technicians in the Fucino Space Centre.