Economic Value of Weather and Climate Forecasts

Economic Value of Weather and Climate Forecasts

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  • Author: Richard W. Katz (ed)
  • Publisher: Cambridge University Press
  • ISBN: 0521434203
  • Category : Business & Economics
  • Languages : en
  • Pages : 239

Weather and climate extremes can significantly impact the economics of a region. This book examines how weather and climate forecasts can be used to mitigate the impact of the weather on the economy. Interdisciplinary in scope, it explores the meteorological, economic, psychological, and statistical aspects to weather prediction. The contributors encompass forecasts over a wide range of temporal scales, from weather over the next few hours to the climate months or seasons ahead, and address the impact of these forecasts on human behaviour. Economic Value of Weather and Climate Forecasts seeks to determine the economic benefits of existing weather forecasting systems and the incremental benefits of improving these systems, and will be an interesting and essential reference for economists, statisticians, and meteorologists.


Economic Value of Weather and Climate Forecasts

Economic Value of Weather and Climate Forecasts

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  • Author: Richard W. Katz
  • Publisher: Cambridge University Press
  • ISBN: 9780521435710
  • Category : Business & Economics
  • Languages : en
  • Pages : 244

Weather and climate extremes can significantly impact the economics of a region. This book examines how weather and climate forecasts can be used to mitigate the impact of the weather on the economy. Interdisciplinary in scope, it explores the meteorological, economic, psychological, and statistical aspects to weather prediction. The contributors encompass forecasts over a wide range of temporal scales, from weather over the next few hours to the climate months or seasons ahead, and address the impact of these forecasts on human behaviour. Economic Value of Weather and Climate Forecasts seeks to determine the economic benefits of existing weather forecasting systems and the incremental benefits of improving these systems, and will be an interesting and essential reference for economists, statisticians, and meteorologists.


The Socioeconomic Value of Climate and Weather Forecasting

The Socioeconomic Value of Climate and Weather Forecasting

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  • Author: James William Mjelde
  • Publisher:
  • ISBN:
  • Category : Weather forecasting
  • Languages : en
  • Pages : 26


Weather and Climate Services in Europe and Central Asia

Weather and Climate Services in Europe and Central Asia

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  • Author:
  • Publisher: World Bank Publications
  • ISBN: 0821375865
  • Category : Nature
  • Languages : en
  • Pages : 114

Weather and Climate Services in Europe and Central Asia is part of the World Bank Working Paper series. These papers are published to communicate the results of the Bank's ongoing research and to stimulate public discussion. Worldwide, the accuracy and value of weather and climate services are rising, bringing great economic benefits. However, many national hydrometeorological services in Europe and Central Asia are in decline. As a result, these potential gains are often missed. Much more could be done to mitigate weather disasters, support the productivity of smallholding and commercial agriculture, conserve energy, and promote safe aviation and transport by road and rail. Although capacity deficiencies are serious, they could be remedied significantly by relatively modest-but sustained-investments. Chapter 1 describes the worldwide growth in weather forecasting skill, presents principal issues and questions in Europe and Central Asia (ECA), and sets out the study's organization. Chapter 2 assesses the needs of the key sectoral clients of the national hydrometeorological services in the region. Chapter 3 addresses ECA's natural weather and climate issues: vulnerability to transboundary weather events, extreme weather, variable weather, and projected climate change. Chapter 4 presents the forecasting workflow, and then presents key regional and national capacity gaps. Chapter 5 discusses ways to estimate the economic benefit of existing and upgraded forecasting capacity. This study is part of an ongoing Regional Working Paper Series sponsored by the Chief Economist's Office in the Europe and Central Asia Region of the World Bank.


The Value of the Weather

The Value of the Weather

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  • Author: W. J. Maunder
  • Publisher: Routledge
  • ISBN: 1000692256
  • Category : Science
  • Languages : en
  • Pages : 420

Originally published in 1970, this book brings together the most significant and pertinent associations between man’s economic and social activities, and the variations in the atmospheric environment. Particular emphasis is placed on economic activities and the weather, economic analysis of weather and the benefits and costs of weather knowledge. In addition, some of the sociological, physiological, political, planning and legal aspects of atmospheric resources are discussed.


Making Climate Forecasts Matter

Making Climate Forecasts Matter

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  • Author: National Research Council
  • Publisher: National Academies Press
  • ISBN: 0309064759
  • Category : Science
  • Languages : en
  • Pages : 190

El Nino has been with us for centuries, but now we can forcast it, and thus can prepare far in advance for the extreme climatic events it brings. The emerging ability to forecast climate may be of tremendous value to humanity if we learn how to use the information well. How does society cope with seasonal-to-interannual climatic variations? How have climate forecasts been usedâ€"and how useful have they been? What kinds of forecast information are needed? Who is likely to benefit from forecasting skill? What are the benefits of better forecasting? This book reviews what we know about these and other questions and identifies research directions toward more useful seasonal-to-interannual climate forecasts. In approaching their recommendations, the panel explores: Vulnerability of human activities to climate. State of the science of climate forecasting. How societies coevolved with their climates and cope with variations in climate. How climate information should be disseminated to achieve the best response. How we can use forecasting to better manage the human consequences of climate change.


The Uncertainty Business

The Uncertainty Business

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  • Author: W. J. Maunder
  • Publisher: Routledge
  • ISBN: 1000692272
  • Category : Science
  • Languages : en
  • Pages : 446

Originally published in 1986, this book discusses the value of weather and climate information in government and business decision-making. It issues a strong manifesto for the development of new areas of research requiring the skills of weather scientists, geographers, economists, planners and political scientists. It offers a coherent and non-technical presentation of this climatology, supported with practical guidance on assessing the impacts of weather and climate on human affairs.


Economic Value of Current an Improved Weather Forecasts in the U.S. Household Sector

Economic Value of Current an Improved Weather Forecasts in the U.S. Household Sector

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  • Author:
  • Publisher:
  • ISBN:
  • Category : Meteorological services
  • Languages : en
  • Pages :

This study was commissioned to assist in evaluating and quantifying, to the extent possible, the benefits to households of potential improvements in weather forecasting services, as well as how the public values current forecast services. Table S-1 presents this study's best estimates of annual per household values for improved and current weather forecasts. Based on Census estimates of about 105 million U.S. households, total national values for improving weather forecasts to the maximum levels proposed in the survey are estimated to be $1.73 billion per year. We also calculate an annual national value of $11.4 billion for current weather forecast services (which includes the value of all weather forecast information services from public and private sectors).


The Oxford Handbook of Economic Forecasting

The Oxford Handbook of Economic Forecasting

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  • Author: Michael P. Clements
  • Publisher: Oxford University Press
  • ISBN: 9780199875511
  • Category : Business & Economics
  • Languages : en
  • Pages : 744

This Handbook provides up-to-date coverage of both new and well-established fields in the sphere of economic forecasting. The chapters are written by world experts in their respective fields, and provide authoritative yet accessible accounts of the key concepts, subject matter, and techniques in a number of diverse but related areas. It covers the ways in which the availability of ever more plentiful data and computational power have been used in forecasting, in terms of the frequency of observations, the number of variables, and the use of multiple data vintages. Greater data availability has been coupled with developments in statistical theory and economic analysis to allow more elaborate and complicated models to be entertained; the volume provides explanations and critiques of these developments. These include factor models, DSGE models, restricted vector autoregressions, and non-linear models, as well as models for handling data observed at mixed frequencies, high-frequency data, multiple data vintages, methods for forecasting when there are structural breaks, and how breaks might be forecast. Also covered are areas which are less commonly associated with economic forecasting, such as climate change, health economics, long-horizon growth forecasting, and political elections. Econometric forecasting has important contributions to make in these areas along with how their developments inform the mainstream.


The Human Impact of Climate Uncertainty

The Human Impact of Climate Uncertainty

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  • Author: W. J. Maunder
  • Publisher: Routledge
  • ISBN: 1000692728
  • Category : Science
  • Languages : en
  • Pages : 211

Originally published in 1989, this book provides an overview of the economic dimensions of climate and human activities, and considers how the variable nature of the atmosphere must be accepted as an integral part of the management package. It discusses how climatic repercussions can hold major importance for international politics, particularly in the light of the impacts of climatic changes induced by greenhouse gases.