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Work is about to commence on a series of groundbreaking climate services that utilize the unique perspective of space to provide businesses and organizations with information on environmental risks and ways to mitigate them. Ten new projects funded by the UK Space Agency will utilize Earth observation tools, satellite tracking, and data on population demographics, supported by Artificial Intelligence (AI), to produce forecasts and models that can be utilized by various sectors, including agriculture, energy, finance, and insurance.

These applications will not only help businesses and governments understand and mitigate risks, but also identify opportunities for green financing to support sustainable business growth. The funding of up to £55,000 per project will support the development of services that utilize Earth observation data to provide up-to-date views of environmental contexts, including greenhouse gas emissions, watercourse resilience, biodiversity changes, and decarbonizing technologies.

One of the projects, led by EOLAS Insight Ltd, aims to develop a mapping and reporting service focused on watercourse resilience. This service will help businesses understand the impact of global temperatures on local watercourses and the benefits of investing in mitigation strategies, such as riverside woodland schemes.

Another project by Omanos Analytics aims to generate social context data on the nuanced impact of climate change on different demographic groups, allowing for the development of more integrated approaches to environmental issues and planning.

This funding represents the second tranche of investment by the UK Space Agency into climate services development. Earlier this year, nine UK organizations were awarded a total of £85,000 to demonstrate the potential of their business ideas related to climate services.

Other projects funded through this call include monitoring environmental sites, supporting food production in a changing climate, and examining deforestation connected to smallholder farming.

The funded projects cover a range of areas, including monitoring greenhouse gas emissions from agricultural lands, assessing climate impact on watercourse resilience, conducting rapid assessments of climate impact on biodiversity, providing freshwater management solutions, monitoring methane emissions, assessing climate impact on farmlands, delivering social context data on climate change, tracking and reducing gas flaring, forecasting groundwater levels, and addressing physical risks to energy infrastructure assets.

This investment in innovative climate services will harness the power of space technology and data to drive sustainable development and support businesses in managing environmental risks.

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