Climate risk glossary
Now-casting
Now-casting, a portmanteau of ‘now’ and ‘forecasting', is a way of predicting data for the recent past, present, and immediate future, and is most often used in the economic modeling of specific economic indicators. When applied to emissions, now-casting refers to predicting near-real-time estimates of a company's greenhouse gas emissions, which Emmi does by using unique machine learning models. Unlike traditional methods that rely on reported historical data, now-casting offers a more current and dynamic view of a company's carbon footprint. This approach can help companies track their emissions more accurately and make more informed decisions about how to reduce their environmental impact.