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Economic Value of Hurricane Forecasts

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Manage episode 496024706 series 2275035
Content provided by Weather Group Television. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Weather Group Television or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Guest: Dr. Renato Molina, University of Miami

Every year, hurricanes threaten lives, infrastructure, and the economies of coastal communities—but what if better forecasting could actually save billions of dollars? Turns out, it already has! But how can we put a dollar value on something as complex as a weather forecast? Today on Weather Geeks, we’re joined by Dr. Renato Molina of the University of Miami, who has dived deep into the economic impact of improved hurricane forecasts. From the costs of misjudged wind speeds to the hidden value of getting the forecast right, his research shows just how powerful—and expensive—information can be when a hurricane is on the horizon.

Chapters

  1. 00:00 The Economic Impact of Hurricane Forecasting
  2. 07:10 Understanding Forecast Accuracy and Economic Value
  3. 13:25 Protective Spending and Recovery Costs
  4. 20:08 Quantifying the Value of Forecast Improvements
  5. 29:56 Connecting Research to Policy and Industry

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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388 episodes

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Economic Value of Hurricane Forecasts

Weather Geeks

102 subscribers

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Manage episode 496024706 series 2275035
Content provided by Weather Group Television. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Weather Group Television or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Guest: Dr. Renato Molina, University of Miami

Every year, hurricanes threaten lives, infrastructure, and the economies of coastal communities—but what if better forecasting could actually save billions of dollars? Turns out, it already has! But how can we put a dollar value on something as complex as a weather forecast? Today on Weather Geeks, we’re joined by Dr. Renato Molina of the University of Miami, who has dived deep into the economic impact of improved hurricane forecasts. From the costs of misjudged wind speeds to the hidden value of getting the forecast right, his research shows just how powerful—and expensive—information can be when a hurricane is on the horizon.

Chapters

  1. 00:00 The Economic Impact of Hurricane Forecasting
  2. 07:10 Understanding Forecast Accuracy and Economic Value
  3. 13:25 Protective Spending and Recovery Costs
  4. 20:08 Quantifying the Value of Forecast Improvements
  5. 29:56 Connecting Research to Policy and Industry

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

  continue reading

388 episodes

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