Related papers: Predicting Drought and Subsidence Risks in France
A controversy involving loan loss provisions in banks concerns their relationship with the business cycle. While international accounting standards for recognizing provisions (incurred loss model) would presumably be pro-cyclical,…
The warmer temperatures of global climate change strengthen the water cycle, evaporation and precipitation increase. But the extremes of heavy rain, floods, dry periods and droughts will also increase. How does this fit together? Simple…
This chapter introduces flood and drought through the understanding of the water cycle. In addition to the water cycle, we consider the energy cycle. The floods and droughts have strong regional and seasonal characteristics. The causes of…
Conventional economic analysis of stringent climate change mitigation policy generally concludes various levels of economic slowdown as a result of substantial spending on low carbon technology. Equilibrium economics however could not…
Understanding extreme events and their probability is key for the study of climate change impacts, risk assessment, adaptation, and the protection of living beings. Forecasting the occurrence probability of extreme heatwaves is a primary…
Atlantic Canada faces significant hurricane threats from damaging winds and coastal flooding that are projected to intensify under climate change. This study adopts a two-stage framework. First, the evolution of wind and coastal-flood…
This paper considers the problem of predicting the number of events that have occurred in the past, but which are not yet observed due to a delay. Such delayed events are relevant in predicting the future cost of warranties, pricing…
Future sea-level rise drives severe risks for many coastal communities. Strategies to manage these risks hinge on a sound characterization of the uncertainties. For example, recent studies suggest that large fractions of the Antarctic ice…
Water is essential for agricultural productivity. Assessing water shortages and reduced yield potential is a critical factor in decision-making for ensuring agricultural productivity and food security. Crop simulation models, which align…
Natural hazards can considerably impact the overall society of a country. As some degree of public sector involvement is always necessary to deal with the consequences of natural disasters, central governments have increasingly invested in…
The frequency of disruptive and newly emerging threats (e.g. man-made attacks--cyber and physical attacks; extreme natural events--hurricanes, earthquakes, and floods) has escalated dramatically in the last decade. Impacts of these events…
The cost of the impacts of climate change have already proven to be larger than previously believed. Understanding the costs and benefits of adapting to the changing climate is necessary to make targeted and appropriate investment…
There are numerous geo-climatic and human factors that contribute to the occurrence of natural disasters in the real-world scenario. Besides the study of causes and preconditions of such calamities, post-disaster analysis is essential for…
Like all natural hazards, space weather exhibits occasional extreme events over timescales of decades to centuries. Historical events provoked much interest but had little economic impact. However, the widespread adoption of advanced…
Climate models robustly imply that some significant change in precipitation patterns will occur. Models consistently project that the intensity of individual precipitation events increases by approximately 6-7%/K, following the increase in…
Large scale power failures induced by severe weather have become frequent and damaging in recent years, causing millions of people to be without electricity service for days. Although the power industry has been battling weather-induced…
Over the past decade, extreme weather events have significantly increased worldwide, leading to widespread power outages and blackouts. As these threats continue to challenge power distribution systems, the importance of mitigating the…
In many drylands around the globe, vegetation self-organizes into regular spatial patterns in response to aridity stress. We consider the regularly-spaced vegetation bands, on gentle hill-slopes, that survive low rainfall conditions by…
The effects of weather on agriculture in recent years have become a major global concern. Hence, the need for an effective weather risk management tool (i.e., weather derivatives) that can hedge crop yields against weather uncertainties.…
Based on the concepts of the mechanics of unsaturated soils where capillary phenomena arise between the wetting fluid (water) and the non-wetting one (air), the subsidence of chalks containing oil (non-wetting fluid) during water injection…