Adaptation to flood and drought risk in Austria - VATT
Adaptation to flood and drought risk in Austria - VATT
Adaptation to flood and drought risk in Austria - VATT
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The weather market<br />
ClimateChange<br />
Causes<br />
Impacts<br />
Solutions<br />
• Energy: ma<strong>in</strong>ly <strong>to</strong> hedge dem<strong>and</strong> side weather <strong>risk</strong>s (oil, gascompanies)<br />
• Agriculture: US driven, but also delevop<strong>in</strong>g countries (India etc.)<br />
• Others: e.g. Snow Derivatives<br />
4%<br />
26%<br />
5%<br />
46%<br />
energy<br />
agriculture<br />
retail<br />
construction<br />
transport<br />
other<br />
7%<br />
12%<br />
source: PwC 2006<br />
19
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