Title Economic Value of Weather and Climate Forecasts
Type Research Project
Abstract The Case Studies: Economic Value of Weather and Climate Forecasts website, maintained by Richard Katz, is used to list recent case studies of the economic value of weather and climate forecasts which were not included in the book Economic Value of Weather and Climate Forecasts, and to maintain a dynamic source of information regarding this subject. The focus of the website is on published cased studies of specific decision-making problems, especially those in which a monetary estimate of forecast value is obtained.
Participants Richard Katz
Start Date 1998
Keywords Decision Making
Economic Value
Forecast Use & Value
Imperfect Information
Risk Analysis
Weather Forecasting
Research Themes Assessment Methods, Products and Tools
Climate-Ecosystem-Human Interactions


"Because the pathway to sustainability cannot be charted in advance, it will have to be navigated through trial and error and conscious experimentation. The urgent need is to design strategies and institutions that can better integrate incomplete knowledge with experimental action into programs of adaptive management and social learning."
NRC, Our Common Journey (1999)