CLARO™ - Climate Asset Risk

Innovative pilot project

Power of data to

inform investment

 

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“Weather patterns, annual rainfall levels, temperatures, bush fires, floods and other adverse weather events have a strong influence on fluctuating agricultural yields and which are likely to become more prevalent with the effects of climate change. Given this, there is a national imperative to equip Australian agriculture to be prepared to adapt to climate change.” -  FIAL Industry Knowledge Priorities - Food Security and Sustainability

 

The business environment for agriculture is being impacted by climate change and the industry will need capital to adapt and get the most out of farm assets. 

CLARO™ risk analytics can be applied across agriculture and to other sectors impacted by climate change, such as property and infrastructure. 

Lucsan has teamed up with the Dairy Industry and National Australia Bank to run a pilot project applying innovative data analytics to changing climate patterns. 

Like other agriculture sectors, dairy farming can be vulnerable to the effects of climate change. Higher temperatures can reduce milk yields and drought can impact the quality of grass and increase feed costs. 

Making robust commercial decisions requires producers, and their lenders and investors, to understand how climate data, biophysical farm models and financial risk models intersect. Lucsan has developed Claro™, a climate asset risk product, to bring the power of data analytics to this challenge. 

Lucsan has teamed with the Dairy Industry and National Australia Bank to run a pilot project applying innovative data analytics to changing climate patterns.Like other agriculture sectors, dairy farming can be vulnerable to the effects of climate change. Higher temperatures can reduce milk yields and drought can impact the quality of grass and increase feed costs. 

Making robust commercial decisions requires both producers and their lenders and investors to understand how climate data, bio-physical farm models and financial risk models intersect. Lucsan has developed Claro™, a climate asset risk product, to bring the power of data analytics to this challenge  

This project has secured funding to pilot Claro™ under the Department of Industry, Innovation and Science Entrepreneurs' Programme.   

Working with Lucsan, Dairy and NAB are other expert groups, including Dr Nick Wood of Climate Policy Research, and Professor Richard Eckard of the University of Melbourne’s Primary Industries Climate Challenges Centre.  

 

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