SPERI Paper No. 13 - Climate Risk, Big Data and the Weather Market
Update: 2014-08-26
Description
This paper 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.
Comments
In Channel