Prospects for and value of long-time series data using global reanalysis data sets in the development of global climate derivatives
Paper
Paper/Presentation Title | Prospects for and value of long-time series data using global reanalysis data sets in the development of global climate derivatives |
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Presentation Type | Paper |
Authors | Stone, Roger C. (Author), Best, Peter (Author) and Sosenko, Olena (Author) |
Journal or Proceedings Title | Proceedings of the 2008 International Conference on Reanalyses Data, Historical Reanalyses and Climate Applications |
Number of Pages | 39 |
Year | 2008 |
Web Address (URL) of Paper | http://www.brohan.org/hadobs/acre/zurich_meeting/talks_day_two/ACRE_ZURICH_MEETING_INDICES_B_STONE.ppt |
Conference/Event | 2008 International Conference on Reanalyses Data, Historical Reanalyses and Climate Applications |
Event Details | 2008 International Conference on Reanalyses Data, Historical Reanalyses and Climate Applications Event Date 23 to end of 25 Jun 2008 Event Location Zurich, Switzerland |
Abstract | This presentation addresses weather risk management, especially for farmers. Potential benefits should accrue if the co-joining of weather/climate risk management and seasonal forecasting is encouraged across many weather-sensitive industries (e.g. agriculture, mining, energy and tourism), if longer-term perspectives of risk across many seasons are adopted and if support is given to suitable trading mechanisms and industry extension programmes.. Global indices(eg SOI) hold promise for risk management at varying spatial and temporal scales.There is value in applying CAI (eg 'climate derivatives') as an adjunct to climate forecasting systems in order to better manage risk. Therefore, need to access suitable data sources of other key indices (NAO, SAM, Nino 3.4) in order to price these systems. |
Keywords | long-time series data; global reanalysis data sets; global climate derivatives |
ANZSRC Field of Research 2020 | 419999. Other environmental sciences not elsewhere classified |
Public Notes | No evidence of copyright restrictions. This is an unrefereed presentation. |
Byline Affiliations | Australian Centre for Sustainable Catchments |
Primacy Underwriting Agency, Australia |
https://research.usq.edu.au/item/9zv98/prospects-for-and-value-of-long-time-series-data-using-global-reanalysis-data-sets-in-the-development-of-global-climate-derivatives
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