Urgent Global Efforts Highlight Need for Advanced Climate Risk Solutions

Climate change has become an urgent global issue, affecting various aspects of the environment and human life. On July 29, the BBC reported that climate change posed a significant risk to council services and budgets, with progress becoming increasingly difficult without substantial government funding. The impacts of climate change include increased greenhouse gas emissions, severe weather events, and the rising cost of mitigating these effects. According to the report, achieving climate goals required significant effort and smarter strategies, emphasizing the importance of community involvement and sustainable practices.

The World Health Organization highlighted the deadly impacts of rising temperatures, with heat-related deaths estimated at 489,000 annually between 2000 and 2019. Dr. Maria Neira from the WHO stated, "Extreme heat is the most visible effect of climate change; everyone is affected." This highlights the strain on global health systems and the necessity for evidence-based actions to prevent heat-related illnesses and deaths.

As BKV Energy wrote in May, "According to NASA, climate researchers and scientists, and weather experts across the globe, hurricanes had been growing stronger in the last 40 years. The incidence of named storms, hurricanes, and major hurricanes had increased in comparison to previous decades." Additionally, "weather data going back to the mid-1800s showed that storms in the Atlantic basin were growing more common and more likely to develop into major hurricanes characterized as category 3, 4, or 5 storms."

"However, it’s worth noting that in the 1800s and part of the early 1900s, our ability to measure the strength and the quantity of hurricanes each season was much weaker than today. It’s very likely that data from before the 1950s is incomplete and would not be a reliable source of information to determine longer-term trends surrounding storms that develop in the tropical Atlantic," the article continued to state.

"As technology improved with better measuring instruments, as well as the ability to monitor and track the progression of every storm from space, both the quantity and quality of our data on the frequency and strength of hurricanes in the Atlantic basin advanced drastically."

"Many studies suggested that anthropogenic (human-caused) climate change or global warming might be the source of the increase in hurricane frequency and intensity since the 1980s." According to Thomas Knutson, senior scientist at the Geophysical Fluid Dynamics Laboratory (GFDL) of NOAA, "historical Atlantic hurricane data at this stage did not provide compelling evidence for a substantial greenhouse warming-induced century-scale increase in the frequency of tropical storms, hurricanes, or major hurricanes, or in the proportion of hurricanes that become major hurricanes."

The scientists at NOAA stated more confidently, "There was a detectable increase between 1982-2009 in Atlantic hurricane rapid intensification. Extreme precipitation and tropical cyclone events in Texas and Puerto Rico suggested that human causes were starting to have an impact on storms. Hurricanes were moving slower over land in the U.S., which meant they could cause more damage, but the cause was uncertain."

According to AP News, "climate researchers said hurricanes had been growing stronger over the last 40 years. The incidence of named storms, hurricanes, and major hurricanes had increased compared to previous decades." Additionally, "weather data from the mid-1800s indicated that storms in the Atlantic basin were becoming more common and more likely to develop into major hurricanes, categorized as category 3, 4, or 5 storms."

"With improvements in measuring instruments and the ability to monitor storms from space, both the quantity and quality of data on hurricane frequency and strength in the Atlantic basin advanced drastically," The AP continued.

NASA's official website reports underscored the role of human actions in driving climate change, noting that the increase in greenhouse gases since the Industrial Revolution has led to more frequent and intense extreme weather events. The agency emphasized the importance of satellite data in monitoring these changes and aiding in climate response efforts. NASA's upcoming Earth System Observatory is expected to provide critical data for understanding and addressing climate-related challenges.

The Intergovernmental Panel on Climate Change (IPCC)'s Sixth Assessment Report also indicated that the rise in greenhouse gases increased the frequency and intensity of extreme weather events. Research suggested that the risks from these events would escalate as the planet continued to warm. The IPCC report also outlined various climate change mitigation strategies, technological developments, and methods for reducing greenhouse gas emissions.

These insights from global organizations illustrate the pressing need for comprehensive strategies to combat climate change. Effective measures include enhancing public awareness, implementing heat-health warning systems, and fostering nature-based solutions in urban areas. The collective effort to address climate change is crucial in mitigating its impacts and safeguarding the planet for future generations.

One Company Combatting Climate Change

Aisix Solutions Inc. (AISX:TSX.V;  AISXF:OTCQB), a company focused on climate risk assessment and modeling, has taken significant strides in addressing climate change risk through innovative technological solutions. Earlier this year, the company announced a collaboration to develop a product aimed at evaluating and managing the impacts of climate change on physical assets across Canada. This initiative seeks to develop a minimum viable product (MVP) that leverages Aisix's advanced climate-related data to assess risks from extreme weather events and global temperature changes.

Mihalis Belantis, CEO of Aisix, highlighted the critical importance of this project, stating, "Understanding and mitigating the risks posed by climate change is essential for the resilience of financial institutions and their clients." The project is being developed in close collaboration with a major consulting firm to ensure it aligns with industry needs and standards while fostering innovative approaches to climate resilience.

The outcomes of this project are expected to provide significant insights and tools that will aid businesses in assessing and adapting to the challenges posed by climate change. This will support sustainable growth and development, highlighting the essential role of advanced climate-related data in shaping the future of risk assessment and mitigation.

Aisix leverages artificial intelligence, data analytics, and real-time climate risk assessment in its software solutions. These tools enable individuals, businesses, and governments around the world to manage their climate risk more effectively and protect their property and infrastructure. The importance of such solutions is underscored by the economic cost of weather and climate disasters, which was nearly US$1.5 trillion over the decade from 2010 to 2019.

The climate risk digital solutions market was valued at US$880 million in 2021 and is projected to grow to over US$4 billion by 2027, according to Verdantix. This growth reflects the increasing recognition of the need for effective climate risk management tools. Aisix's collaboration on this major climate risk modeling project exemplifies its commitment to providing innovative solutions to one of the most pressing issues of our time.

Ownership and Share Structure

As for the ownership of Aisix, two insiders hold 10.38%, or 9.71 million shares, of the company. They are CEO and Director Belantis with 8.58% or 8.32 million shares and Cofounder and Director David Poole with 1.8% or 1.39 million shares.

Retail investors own the remaining shares as there are no institutional owners.

In terms of structure, Aisix has 96.96 million shares outstanding and 87.25 million free-float traded shares.

The firm's market cap is CA$2.909 million, and it trades in a 52-week range of CA0.0250 - CA0.1300 per share.

Important Disclosures:

1. Aisix Solutions Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
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