New SPERI Paper: Climate Risk, Big Data and the Weather Market by Jo Bates
As more companies say they are concerned about climate risks (see the Guardian on Friday 16th May), weather markets are increasingly big business.
SPERI is pleased to publish our Paper No. 13 which analyses the development of weather index-based risk products as a response to climate instability. Through analysis of two different forms of weather market – weather derivatives and weather index-based insurance schemes for farmers in developing countries – the paper makes the key argument that it is important to understand how these emerging responses to climate change seem likely to empower established economic interests, whilst deepening the threats facing the majority, and particularly the most vulnerable in society.
You can download the paper here: SPERI Paper No. 13Print page