Launching in Q4 2023, SpatiaFi is Climate Engine’s marquee application that combines the world’s best Earth data and economic data to deliver global scale insights about the interconnections between planetary change and economic activities.
Climate Engine is proud to launch SpatiaFi in collaboration with Google Cloud as an industry solution.
The planet is facing unprecedented change.
We have lived as if economic activity doesn’t exist within the environment. The twin climate and biodiversity crises that are now undermining economic activities are the result.
A collaboration between Climate Engine and Google Cloud, SpatiaFi connects the economy and the environment by linking asset level data with Earth data. We are creating the world’s most complete view of the intersections between economic activities, the climate and nature to support regulatory reporting, risk reductions, and sustainable finance.
SpatiaFi: Spatial Finance in practice
The impacts of planetary change are felt today across every major economic sector including finance, supply chains, manufacturing, agriculture, and infrastructure. Yet, these risks are largely hidden from the economic system until well after they happen.
Spatial Finance refers to the integration of geospatial data with financial analysis and decision-making. It combines location-based economic information such as assets and the value of assets with Earth data derived from satellite imagery, sensors, and other scientific sources.
Spatial Finance enhances the understanding, assessment, and management of financial risks and opportunities for sustainability associated with physical assets. It can help evaluate the potential risks and returns of investing based on locations and environmental factors. It can also aid in assessing the vulnerability of assets to natural disasters or climate change and support the development of financial products that address climate-related risks. By relying on observations and repeatable scientific methods, it offers a new level of accuracy, transparency, scalability and trust in climate and sustainability data in the context of financial decision-making.
As the climate and biodiversity crises increase regulatory pressures, the financial impacts of extreme events, and the demand for sustainable finance, SpatiaFi has been built to usher in new levels of action on climate and sustainability. SpatiaFi leverages Google Cloud’s leading geospatial technologies and the world’s best available science to support organizations on their journey’s to help build a more sustainable, climate resilient future.
SpatiaFi is currently in use by select organizations and will be launching it’s beta version more broadly in Q4 2023.