IBM and The Climate Service to Work Together with Financial Institutions and Corporations to Assess the Cost of Climate Risk | News

ARMONK, N.Y. and DURHAM, N.C., Oct. 14, 2020 /PRNewswire/ — IBM (NYSE: IBM) and The Climate Service (TCS), a leader in climate risk analytics for investors and businesses, today announced their alliance to work with financial institutions and corporations to better measure and quantify risks associated with climate change. As part of the alliance, the companies are now making the TCS Climanomics® software platform available via Red Hat OpenShift on IBM Cloud.

This alliance between IBM and TCS makes TCS’s advanced science available with enterprise-grade levels of scalability, availability, security, and interoperability. The companies are working together to help organizations put a price on climate risk and facilitate reporting consistent with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.

The alliance will also leverage the experience of IBM Services in financial risk, analytics, weather risk, and compliance, to use the Climanomics® platform to provide climate risk analytics to

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IBM and The Climate Service to Work Together with Financial Institutions and Corporations to Assess the Cost of Climate Risk

ARMONK, N.Y. and DURHAM, N.C., Oct. 14, 2020 /PRNewswire/ — IBM (NYSE: IBM ) and The Climate Service (TCS), a leader in climate risk analytics for investors and businesses, today announced their alliance to work with financial institutions and corporations to better measure and quantify risks associated with climate change. As part of the alliance, the companies are now making the TCS Climanomics® software platform available via Red Hat OpenShift on IBM Cloud.

This alliance between IBM and TCS makes TCS’s advanced science available with enterprise-grade levels of scalability, availability, security, and interoperability. The companies are working together to help organizations put a price on climate risk and facilitate reporting consistent with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.

The alliance will also leverage the experience of IBM Services in financial risk, analytics, weather risk, and compliance, to use the Climanomics® platform to provide climate risk analytics to

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Study is first to assess the impact of climate change on the global population of river deltas — ScienceDaily

Thirty-one million people living in river deltas are at high risk of experiencing flooding and other impacts from tropical cyclones and climate change, according to a study by Indiana University researchers.

“To date, no one has successfully quantified the global population on river deltas and assessed the cumulative impacts from climate change,” said Douglas Edmonds, the Malcolm and Sylvia Boyce Chair in the Department of Earth and Atmospheric Sciences and lead author on the study. “Since river deltas have long been recognized as hotspots of population growth, and with increasing impacts from climate change, we realized we needed to properly quantify what the cumulative risks are in river deltas.”

The findings are the result of a collaboration facilitated by IU’s Institute for Advanced Study with support from the Environmental Resilience Institute.

The team’s analysis shows that river deltas occupy 0.5 percent of the earth’s land surface, yet they contain 4.5

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