TERYA newsletter update 9
The hottest time to jump!
Hi there , here’s your monthly update on TERYA.
Here’s what’s on my mind.
This summer will probably go in the history books as the second year in a row we have the warmest summer yet! This is scaring me! We beat the 2023 record and we’ll probably beat it again in 2025.
What I personally feel is that not many companies are moving and willing to invest in climate change and nature, yet. They are too busy getting their data for a first CSRD report in the next years. This worries me. On top of that, populism is rising, which threatens current nature investments, and it might end in a change in politics which could kill a lot of work conducted in this field.
On the other hand, I read the book ‘not the end of the wold’ by Hannah Ritchie, which was both inspiring and refreshing. She puts it into perspective that we can solve this crisis, and she uses historical data to show how. One thing she clearly states is that beef is the biggest threat to our society, but we don’t have to become vegan to solve the problem!
What we should do, is move more financing towards broken ecosystems and reforest as much as we can to give nature more space, and capture the (historical) excess of carbon dioxide in the air. Many technologies are promising, but nature keeps being the most effective carbon sink today.
The challenge is not the finances, it’s convincing people and companies that their (indirect) investments into nature-based solutions will have direct impact on their business.
That’s why we offer a forest-as-a-service
Let’s hope we can move some people with that
As always, thank you again for the support and your trust in TERYA!
More insights & updates on my Linkedin (click for updates)
Sincerely,
Vincent
If you have any questions, or want to contribute on this, feel free to comment on Linkedin or reach out to me!
Updates
Hottest Summer Since 2023
August 2024 was the joint-warmest August globally (together with August 2023), with an average ERA5 surface air temperature of 16.82°C, 0.71°C above the 1991-2020 average for August.
August 2024 was 1.51°C above the pre-industrial level and is the 13th month in a 14-month period for which the global-average surface air temperature exceeded 1.5°C above pre-industrial levels.
The year-to-date (January–August 2024) global-average temperature anomaly is 0.70°C above the 1991-2020 average, which is the highest on record for this period and 0.23°C warmer than the same period in 2023. The average anomaly for the remaining months of this year would need to drop by at least 0.30°C for 2024 not to be warmer than 2023. This has never happened in the entire ERA5 dataset, making it increasingly likely that 2024 is going to be the warmest year on record.
Our new/old forest
Located in the Pyrenees of Aragon near the beautiful city of Huesca, we acquired 540 ha of forest with great biodiversity already present. Together with a local nature organization we will make a plan to increase it where we can.
We will use this great forest to measure and analyse this active biodiversity using remote sensing technology.
Next phase of our MRV-tech
MRV stands for Monitoring, Reporting & Verification.
We foresee to grow our portfolio significantly. In order to manage our assets, we are developing a tech platform, using remote sensing (mainly satellite data)
Our next step is to develop a remote sensing tree species classification model. We will evaluate 3 machine learning models for classifying forest tree species.
A report will detail the models' accuracy, strengths, and weaknesses, along with recommendations for future work.
If you want to learn more on our development, get in touch with Fernando
Carbon Credits Face Biggest Test Yet
Ongoing scrutiny and reputational issues made 2023 a challenging year for the voluntary carbon market. 2024 is set to be a determining year for the future of the market, tied to whether confidence in carbon credits can be restored.
Doing so could drive companies to purchase billions of carbon credits annually, elevate prices over $200 per ton and build a market valued at over $1.1 trillion annually by 2050.
Must reads
Here’s a short list of climate related articles that are worth reading:
Must read ‘Not the end of the world’ by Hannah Ritchie (link to summarised video)
