CelloMom On Cars on Nostr: Worsening Weather Is Igniting a $25 Billion Market "Against a backdrop of rising ...
Worsening Weather Is Igniting a $25 Billion Market
"Against a backdrop of rising climate volatility and social shifts, demand for #WeatherDerivatives is surging.
While a [catastrophe] bond may pay out if a 100-year storm tears through a community, a weather derivative can compensate a tourism business if there are too many rainy days, or a farmer if a hot summer stresses her crops."
https://www.bloomberg.com/news/articles/2024-05-04/climate-change-costs-blunted-by-25-billion-weather-derivatives-market
"Against a backdrop of rising climate volatility and social shifts, demand for #WeatherDerivatives is surging.
While a [catastrophe] bond may pay out if a 100-year storm tears through a community, a weather derivative can compensate a tourism business if there are too many rainy days, or a farmer if a hot summer stresses her crops."
https://www.bloomberg.com/news/articles/2024-05-04/climate-change-costs-blunted-by-25-billion-weather-derivatives-market