Risk Books Weather Risk Management

Weather is the single most important factor in influencing price volatility, volume fluctuations and revenues for an estimated 80% of global business activity. In effect, weather risk is becoming just as important as interest rate risk and exchange rate risk in its effect on your business revenues and bottom line. Furthermore disaster hedging by developing nations is set to be a human success story of the 21st century in the weather derivatives arena. Poor countries are actively employing these tools (with the help of aid agencies and multilateral organizations) to protect themselves from drought-induced malaise and to facilitate agricultural insurance to their farmers. Weather Risk Management brings together a collection of experts on the subject to look at this changing area, the strategies and innovations and features detailed studies on agriculture and energy. Review Dr Tang's book about weather risk management and weather-linked products and instruments which would complement traditional equity and debt investments, should prove interesting to financial services practitioners. Weather finance is set to be an important tool in the mitigation of risk. He sets out an interesting future where governments may hedge against catastrophic weather to tackle harvest failures. I am sure that this book will contribute to the debate about how financial markets can be used to tackle and mitigate the impacts of climate change and weather risks. --Alderman Nick Anstee - The Rt. Hon the Lord Mayor of London About the Author Kenny Tang is founder and chief executive officer of Oxbridge Capital and Oxbridge Weather Capital, leading experts in the waste, weather, low carbon, clean tech and climate change space. Kenny has postgraduate degrees from Jesus College at the Universities of Oxford and Cambridge, including a Doctorate in business administration (business strategy) from the Judge Business School. He is the Inaugural Professorial Fellow of The Future Leadership Institute (Wall Street Journal Europe). Dubbed as Asia s Al Gore by leading global investment bank Merrill Lynch Asia Pacific and global strategy magazine Strategic Direction, Kenny has written on sustainability, climate change, clean tech, waste and green entrepreneurship for the Financial Times and Wall Street Journal. He is on the board of governors at the University of East London and also a visiting fellow/adjunct professor teaching on the world s first MBA in strategic carbon management at the Norwich Business School (University of East Anglia). He sits on the Global Judging Panel of the Wall Street Journal s Technology Innovation Awards and the Asian Wall Street Journal s Asian Innovation Awards. He is a Chartered Financial Analyst (CFA) charter holder from the CFA Institute.