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The weather risk market makes it possible to manage the financial impact of weather through risk transfer instruments based on a defined weather element, such as temperature, rain, snow, wind, etc. Weather risk management is a way for organizations to limit their financial exposure to disruptive weather events.
A literature review in 2016 found that generally there is an increase in diarrheal disease (except for viral diarrheal disease) during or after certain weather conditions: elevated ambient temperature, heavy rainfall, and flooding. [41] These three weather conditions are predicted to increase (or to intensify) with climate change in future.
Severe weather can occur under a variety of situations, but three characteristics are generally needed: a temperature or moisture boundary, moisture, and (in the event of severe, precipitation-based events) instability in the atmosphere.
Climate change is altering the geographic range and seasonality of some insects that can carry diseases, for example Aedes aegypti, the mosquito that is the vector for dengue transmission. Global climate change has increased the occurrence of some infectious diseases. Infectious diseases whose transmission is impacted by climate change include, for example, vector-borne diseases like dengue ...
Risk is subcategory of uncertainty that is considered to make potential issues and problems more manageable. [12]: 11–12 [13] Risk is a term used widely across different management practice areas. Examples are business, economics, environment, finance, information technology, health, insurance, safety, and security.
Researchers looked through the medical literature of established cases of illnesses and found that 218 out of the known 375 human infectious diseases, or 58%, seemed to be made worse by one of 10 ...
Climate risk management is a generic term referring to an approach to climate-sensitive decision making. The approach seeks to promote sustainable development by reducing the vulnerability associated with climate risk.
Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to reduce risk associated with adverse or unexpected weather conditions. Weather derivatives are index-based instruments that usually use observed weather data at a weather station to create an index on which a ...