This is Ilya Drigo, Lead Meteorlogist at Meteum. As a business-focused weather intelligence provider, we understand the impact that climate risks can have on a company’s operations, finances, and reputation. Supply chain disruptions, property damage, and changes in consumer demand can all lead to increased costs and liability.
This is where consulting firms have a unique opportunity to step in and provide valuable weather and climate insights to their clients. And when it comes to long-term climate projections, Meteum stands out. With a team of experienced meteorologists and data scientists, we use cutting-edge AI technology and data sources to deliver reliable, actionable, and thorough forecasts.
Read on to learn more about how we can help your clients prepare for and adapt to climate risks.
One of the key features of Meteum’s forecasting service is the assessment of climate risks, which is fundamentally based on the Shared Socioeconomic Pathways (SSP) framework. Before delving into the details, let’s establish what this means.
SPs describe a range of possible futures based on different assumptions about key drivers of change, such as population growth, economic development, and energy use. With this methodology, our clients can understand the potential impact of different climate scenarios on their business or operations and make informed decisions accordingly.
SSPs empower us to produce long-term, day-to-day climate projections up to the year 2100. With Meteum’s advanced forecasting capabilities, businesses can make strategic decisions with confidence, knowing they have the most accurate and up-to-date information available.
We base our projections on impartial, open-source data produced by the Intergovernmental Panel on Climate Change (IPCC), a United Nations body. In a nutshell, some of the world’s top climatologists collaborate on a regular basis to run numerical experiments called CMIP. We use the latest version of this climate model ensemble — CMIP6, which takes SSPs into account.
It doesn’t end there: the amount of data we’re talking about is absolutely massive (CMIP6 takes up 25 Pb!). In its raw form, the CMIP ensemble is difficult to work with and needs to be thoroughly refined. Here’s what we’re doing on our end to make this data useful:
In addition to future projections, Meteum also offers historical data dating back to 1935, based on meteorological observations and ERA-5 reanalysis. You can be privy to decades of hourly weather information for any location.
Rich historical data for a given point on the map allows businesses to analyze trends and patterns over time and better understand the long-term impacts of weather and climate change
Meteum offers two types of reports:
Both are designed to be actionable and easy to understand, with clear recommendations on how to prepare for and respond to potential weather events and changes in climate dynamics.
The system developed by Meteum automatically generates, visualizes, and presents reports in an accessible format.
We also provide a full explanation of the methodology used for the report, allowing your team to understand every detail and draw informed conclusions.
Meteum’s reports also include an estimate of uncertainty. No forecast is perfect: the figures contained in our reports are provided in ranges, which helps clients understand the level of confidence in a particular climate report.
To illustrate Meteum’s value to the consulting world, let’s work through some real-world examples.
We were approached by a consulting firm advising a client on the optimal location for oil rigs. Offshore fossil fuel production is a long-term investment, and many factors play a role in deciding where to locate the equipment.
Our final report included a detailed forecast of how these factors might evolve over the course of 50 years into the future at a number of locations. The report allowed the client to clearly determine the best locations for oil platforms.
Meteum partnered with one of the most well-renowned consulting providers. The client requested an in-depth analysis of climate conditions at more than 10 different locations.
As a result of this project, we delivered a highly detailed hyperlocal climate report tailored to the client’s needs. The consulting firm was able to make well-informed decisions based on the potential climate conditions at the locations of interest.
Businesses often overlook the importance of weather forecasting, but it can have a significant impact on operations and decision-making. Consulting, banking, and insurance firms can incorporate weather forecasting into their services and help their clients make informed decisions.
Take advantage of big data and machine learning with Meteum. Gain a competitive edge in the craft of consulting. Feel free to contact me via the form below if you have any questions!