Inland flooding causes significant economic and societal impacts annually. Of the eight natural disasters costing the insurance industry over $1 billion in 2024, six of these were categorized as flood events, with three of these occurring in Europe alone. Catastrophe modeling aims to quantify the risk of flood events to enable preparedness for the financial and insurance industries.
]]>Large ensembles are essential for predicting rare, high-impact events that cannot be fully understood through historical data alone. By simulating thousands of potential scenarios, they provide the statistical depth necessary to assess risks, prepare for extremes, and build resilience against once-in-a-century disasters. Global insurance group AXA is conducting simulations with cutting-edge…
]]>As the world faces the urgent need to combat climate change, carbon capture and storage (CCS) has emerged as a crucial technology for achieving net-zero emissions. The CCS technology—which involves capturing carbon dioxide (CO2), either from industrial emissions or through direct air capture (DAC), and securely storing it in the subsurface—can drive much-needed decarbonization strategies and help…
]]>In the context of global warming, NVIDIA Earth-2 has emerged as a pivotal platform for climate tech, generating actionable insights in the face of increasingly disastrous extreme weather impacts amplified by climate change. With Earth-2, accessible insights into weather and climate are no longer confined to experts in atmospheric physics or oceanic dynamics. You can now harness advanced…
]]>CO2 capture and storage technologies (CCS) catch CO2 from its production source, compress it, transport it through pipelines or by ships, and store it underground. CCS enables industries to massively reduce their CO2 emissions and is a powerful tool to help industrial manufacturers achieve net-zero goals. In many heavy industrial processes, greenhouse gas (GHG) emissions cannot be avoided in the…
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