|Best, Peter; Stone, Roger; Sosenko, Olena.|
|Global and hemispheric climate indicators have proved useful in many countries for characterising intra- and inter-annual variability in climate processes, agricultural output and biomass production. They also form the basis of successful seasonal climate and production prediction systems for the probability distributions of allied parameters such as rainfall or crop yield. Climate risk management via derivative, insurance or bond instruments has only recently incorporated non-local climate parameters such as "teleconnection" indices in payoff functions and overall design. A feasibility study of using the Southern Oscillation Index in weather derivatives for the Australian wheat industry has suggested several such climate-anomaly indicators as suitable...|
|Tipo: Conference Paper or Presentation
||Palavras-chave: Weather derivatives; SOI; Wheat yield; Australian case studies; Climate adaptation; Agribusiness; Risk and Uncertainty.