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October 11, 2021
A Sweden-based business has raised $12 million to enhance its digital twin platform for predicting urban carbon emissions.
The funding for ClimateView came from CommerzVentures, the venture capital arm of financial services firm CommerzBank, as well as Nordic Ninja, 2050., Norrsken and Gaingels.
Dubbed ClimateOS, the digital twin platform can enable governments, town hall planners and enterprises to model the emissions impact of specific policies. The information can then be used to inform visual forecasts for each coming year, adjusted for the impact of specific remedial actions.
When used in conjunction with data collected from industrial, energy, transport and farming sensors, the software could help build a realistic picture of carbon emission reduction efforts.
ClimateView plans to use the investment to add socio-economic costs and co-benefits to its city modeling, and to help cities design policies which address financial viability and behaviors.
ClimateOS is underpinned by an open data dashboard that displays city transition objectives, as set out by the Paris global treaty on climate change.
The interface is designed to resemble the periodic table with color-coded panels assigned to transport, industry, agriculture, energy and other sources of carbon dioxide emissions.
Organizations can access 79 specific actions through the dashboard to evaluate how they can offset and control emissions, based on a mathematical impact model.
For instance, the iron and steel production industry has three actions available: electrification of production, replacing coal with biofuels and introducing hydrogen into the manufacturing process.
ClimateOS in Helsingborg, Sweden
The Swedish city of Helsingborg aims to reduce carbon emissions to net-zero by 2035, meaning all emissions caused by humans should be either removed, captured or offset, 10 years ahead of Sweden’s national policy.
Transport is Helsingborg’s biggest carbon contributor, and a major challenge for its public planners.
Clean transport initiatives introduced by Helsingborg in recent years include a self-driving electric truck project at its container port, Sweden’s second largest, with the aim of “radically” reducing carbon dioxide emissions.
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