The Linux Foundation (LF) is deploying an old adage to get stuff done: follow the money. In this case it is to battle climate change.
LF last month announced its intent to form the Linux Foundation Climate Finance Foundation (LFCF) to empower investors, banks, insurers, companies, governments, NGOs, and academia with AI-enhanced open-source analytics and open data to address climate risk and opportunity.
Allianz, Amazon, Microsoft, and S&P Global have already committed to be founding members. The Climate Finance Foundation’s planning team includes representatives from the World Wide Fund for Nature, Ceres, and the Sustainability Accounting Standards Board (SASB).
The LFCF is hosting the OS-Climate platform. Expected components include multiple physical and economic scenarios, a global and open Data Commons, and economic and financial models to accelerate predictive analytic tools and investment products.
The goals are to manage climate-related risks and to finance climate solutions across every geography, sector, and