Go offline with the Player FM app!
Economic Value of Hurricane Forecasts
Manage episode 496024706 series 2275035
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
- 00:00 The Economic Impact of Hurricane Forecasting
- 07:10 Understanding Forecast Accuracy and Economic Value
- 13:25 Protective Spending and Recovery Costs
- 20:08 Quantifying the Value of Forecast Improvements
- 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.
388 episodes
Manage episode 496024706 series 2275035
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
- 00:00 The Economic Impact of Hurricane Forecasting
- 07:10 Understanding Forecast Accuracy and Economic Value
- 13:25 Protective Spending and Recovery Costs
- 20:08 Quantifying the Value of Forecast Improvements
- 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.
388 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.