Ever wonder how the financial sector and governments are tackling the complex challenges of climate change? Tune in to hear Truman Semans, the founder of OS-Climate, discuss groundbreaking tools for analyzing climate-related risks and building resilience. Discover how their innovative open-source approach and the potential of AI are helping to shape a more sustainable future for finance and communities worldwide.
The five main topics discussed were:
- The mission and structure of OS-Climate as a co-op of financial institutions and tech companies developing data and analytics for climate-aligned finance and investing.
- The physical risk and resilience tool developed by OS-Climate, its capabilities in assessing chronic and acute climate hazards, and its application in credit risk analysis and loan origination.
- The limitations of existing commercial tools for climate adaptation and resilience, leading to the development of Oscar, an open-source toolkit for governments and supporting agencies.
- The functionalities of the Oscar toolkit, including physical risk analysis, cost-benefit analysis of interventions, and transition to a low-carbon economy considerations.
- The potential role of Artificial Intelligence (AI), particularly tools like Perplexity, in simplifying the user interface and accelerating the development of climate adaptation plans and bankable projects for non-technical users.
