LONDON (Reuters) - Energy companies, hedge funds and commodity traders are stepping up their use of financial products that let them bet on the weather, as they seek to protect themselves against - or ...

Indian economy is an agrarian one, wherein as much as almost 20 % of the GDP is wiped out during a year of bad monsoon. Research shows, more than 80% of the business activity in the world is dependent ...

The indexes track seasonal temperatures in both degree days and cumulative averages for each region throughout the main winter and summer trading periods. Historical averages and index values from ...

The emergence of weather derivatives has also been ably aided by the advancement of technology, which helped the players to appropriately measure risks. While the government is striving hard to ...

There can be as many types of weather derivatives as there are types of weather conditions. Some of these weather derivatives are becoming very popular in international financial markets. It might ...

Fluctuating temperatures can negatively impact firms, especially power utilities that can lose revenue if a particular season turns out to be warmer or cooler than anticipated. Renewable generation is ...

The appearance this year of the El Niño weather pattern, the periodic warming of the tropical Pacific Ocean by a few degrees, is leading to a burst of interest in weather derivatives – financial ...

Simply sign up to the Climate change myFT Digest -- delivered directly to your inbox. Many assumed that weather derivatives had disappeared with Enron, and that these financial instruments were but a ...

American Journal of Agricultural Economics, Vol. 90, No. 4 (Nov., 2008), pp. 979-993 (15 pages) Weather derivatives are difficult to price due to the nontradability of weather and the absence of ...

Stuck into the lawn outside a home near Pollock Pines, California, is a small rain gauge that might be worth as much as $50 million to Sacramento's municipal utility. During droughts, Sacramento gets ...

"Enron was one of the very first weather desks that effectively found that there was a smart way to hedge temperature variability that was affecting businesses, especially energy businesses," Steve ...