How Open Source Can Combat Climate Change (Insurance Thought Leadership )

How Open Source Can Combat Climate Change

  Wednesday, July 6th, 2022 Source: Insurance Thought Leadership

I’ve spent my entire career trying to develop and improve catastrophe and weather-related models and analytics. So, from a personal perspective, if there’s one thought among many others that I would like to get across, it’s a sense of the opportunity to enhance decisions linked to climate risk mitigation and resilience if we use our ever-improving scientific understanding and modeling capabilities wisely.

The first being more open-access data. Open-access and curated data can support and encourage improved climate-based risk assessment and decision-making.

The public and private sectors should be working together to increase the world’s resilience to current and future climate risk.

It’s essential that those in the climate analytics community come together, wherever they are, to promote the win-win opportunity that comes from the development of publicly accessible, open and curated core data and risk models.

The goal should be a global, consistent source of ‘real’ assets data, such as locations of industrial plants and energy transmission facilities, or natural resources, which can be used for both public good and to enable organizations such as WTW to augment the data for commercial applications using proprietary data and intellectual property.

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