|
|||||
|
|
Firm finances, weather derivatives and geography |
|
| Authors: | Jane S Pollard Jonathan Oldfield John E Thornes |
| Institution: | a Centre for Urban and Regional Development Studies, School of Geography, Politics and Sociology, Newcastle University, Newcastle upon Tyne NE1 7RU, United Kingdom b School of Geography, Earth and Environmental Sciences, University of Birmingham, Birmingham, B15 2TT, UK c Environmental Change Institute, Oxford University Centre for the Environment, Oxford, OX1 3QY, UK |
| Abstract: | This paper considers some intellectual, practical and political dimensions of collaboration between human and physical geographers exploring how firms are using relatively new financial products - weather derivatives - to displace any costs of weather-related uncertainty and risk. The paper defines weather derivatives and indicates how they differ from weather insurance products before considering the geo-political, cultural and economic context for their creation. The paper concludes by reflecting on the challenges of research collaboration across the human-physical geography divide and suggests that while such initiatives may be undermined by a range of institutional and intellectual factors, conversations between physical and human geographers remain and are likely to become increasingly pertinent. The creation of a market in weather derivatives raises a host of urgent political and regulatory questions and the confluence of natural and social knowledges, co-existing within and through the geography academy, provides a constructive and creative basis from which to engage with this new market and wider discourses of uneven economic development and climate change. |
| Keywords: | Weather derivatives Meteorology Economic geography Climate change |
| 本文献已被 ScienceDirect 等数据库收录！ | |