Improving Industry Response to Climate Risk in the Industry Proving Grounds

NOAA’s National Centers for Environmental Information (NCEI) leads the Industry Proving Grounds (IPG), part of the Inflation Reduction Act’s (IRA) federal government-wide investment furthering NOAA’s efforts to build a Climate-Ready Nation. NOAA will use proving grounds to collaboratively develop and test tailored data and information products and services for industry, designed to improve delivery of climate data and services to help adapt and mitigate climate-related risks. NOAA will improve risk modeling at climate timescales to support decision making, and partner with companies and associations on the development of risk models for use in underserved communities. This investment will also evaluate the use of NOAA’s service deliverables, to ensure it meets the needs of users and improve existing and new deliverables, making sure information is accessible, useful, usable, and being utilized to make decisions.

IPG focuses on three primary industries - Reinsurance and Finance, Retail, and Architecture and Engineering. NCEI has long-standing relationships with these industries and their affiliated associations and through the IRA has strengthened those relationships with regular engagement. Building on and leveraging engagement, NOAA is co-developing products, services, and delivery improvements to reduce the effort required to incorporate NOAA climate information into Industry planning, operations and decisions.

This talk will provide insight into the data and products that are being developed or improved at the request of the priority sectors. Some of those include Disasters at a sub-Billion Dollar level, a new Hail Climatology, and merging of historical climate data with future projection-provided data. It will also demonstrate the improved delivery mechanisms that are being developed and will be available freely and openly to all users.