{"id":{"repo_id":"birmingham","oai_identifier":"oai:etheses.bham.ac.uk:327"},"canonical_url":"https://search.dev.ndltd.org/etd/birmingham/oai:etheses.bham.ac.uk:327","repository":{"repo_id":"birmingham","name":"University of Birmingham","base_url":"https://etheses.bham.ac.uk/cgi/oai2"},"display":{"title":"Firms finance and the weather: the UK weather derivatives market","abstract":"The spectre of climate change is motivating businesses to evaluate the weather sensitivity of their operations and earnings. Persistent changes in day-to-day weather, such as a warmer than average winter, may prove very costly for businesses and since 1997 a new financial market has grown up around the mitigation of these day-to-day weather risks. This weather derivatives market has expanded from being a small US energy product to become a $45.2 billion industry by 2006. In the process this commodification of weather indexes is re-valuing meteorological data, forecasts and expertise, as well as changing the ways in which firms have traditionally considered weather as unmanageable. This thesis presents an empirical examination of the weather derivatives market, particularly focusing upon the UK, drawing upon in-depth interviews with market participants. Setting this within the context of current theories in human geography and science studies, the research also illustrates the material and discursive implications weather derivatives are having not just on firms and meteorology, but also climate change policies.","abstract_html":"The spectre of climate change is motivating businesses to evaluate the weather sensitivity of their operations and earnings. Persistent changes in day-to-day weather, such as a warmer than average winter, may prove very costly for businesses and since 1997 a new financial market has grown up around the mitigation of these day-to-day weather risks. This weather derivatives market has expanded from being a small US energy product to become a $45.2 billion industry by 2006. In the process this commodification of weather indexes is re-valuing meteorological data, forecasts and expertise, as well as changing the ways in which firms have traditionally considered weather as unmanageable. This thesis presents an empirical examination of the weather derivatives market, particularly focusing upon the UK, drawing upon in-depth interviews with market participants. Setting this within the context of current theories in human geography and science studies, the research also illustrates the material and discursive implications weather derivatives are having not just on firms and meteorology, but also climate change policies.","abstract_has_math":false,"creators":["Randalls, Samuel Cecil"],"institution":"University of Birmingham","degree_name":"d_ph","degree_level":"d_ph","degree_discipline":null,"degree_department":null,"school":null,"contributors":[],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2006,"date_issued":"2006-12","date_published":"2006-12","updated_at":"2026-07-24T01:10:50Z","subjects":["GE Environmental Sciences","HG Finance"],"languages":[],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":null,"outbound_label":null,"outbound_source":null},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.sponsor","label":"Sponsor","values":["na"]},{"key":"dc:creator","label":"Author","values":["Randalls, Samuel Cecil"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2006-12"]},{"key":"dc:date.issued","label":"Date","values":["2006-12"]},{"key":"dc:publisher.department","label":"Dc Publisher Department","values":["School of Geography, Earth & Environmental Sciences","School of Geography, Earth and Environmental Sciences"]},{"key":"dc:publisher.institution","label":"Dc Publisher Institution","values":["University of Birmingham"]},{"key":"dc:relation.isreferencedby","label":"Dc Relation Isreferencedby","values":["http://etheses.bham.ac.uk//id/eprint/327/"]},{"key":"dc:type","label":"Dc Type","values":["Thesis"]},{"key":"dc:type.qualificationlevel","label":"Dc Type Qualificationlevel","values":["d_ph"]},{"key":"dc:type.qualificationname","label":"Dc Type Qualificationname","values":["d_ph"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["GE Environmental Sciences","HG Finance"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["http://etheses.bham.ac.uk//id/eprint/327/1/Randalls06PhD.pdf"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["The spectre of climate change is motivating businesses to evaluate the weather sensitivity of their operations and earnings. Persistent changes in day-to-day weather, such as a warmer than average winter, may prove very costly for businesses and since 1997 a new financial market has grown up around the mitigation of these day-to-day weather risks. This weather derivatives market has expanded from being a small US energy product to become a $45.2 billion industry by 2006. In the process this commodification of weather indexes is re-valuing meteorological data, forecasts and expertise, as well as changing the ways in which firms have traditionally considered weather as unmanageable. This thesis presents an empirical examination of the weather derivatives market, particularly focusing upon the UK, drawing upon in-depth interviews with market participants. Setting this within the context of current theories in human geography and science studies, the research also illustrates the material and discursive implications weather derivatives are having not just on firms and meteorology, but also climate change policies."]},{"key":"dc:format","label":"Dc Format","values":["application/pdf"]},{"key":"dc:title","label":"Title","values":["Firms finance and the weather: the UK weather derivatives market"]}]}],"canonical_facts":{"dc:contributor.sponsor":["na"],"dc:creator":["Randalls, Samuel Cecil"],"dc:date":["2006-12"],"dc:date.issued":["2006-12"],"dc:description.abstract":["The spectre of climate change is motivating businesses to evaluate the weather sensitivity of their operations and earnings. Persistent changes in day-to-day weather, such as a warmer than average winter, may prove very costly for businesses and since 1997 a new financial market has grown up around the mitigation of these day-to-day weather risks. This weather derivatives market has expanded from being a small US energy product to become a $45.2 billion industry by 2006. In the process this commodification of weather indexes is re-valuing meteorological data, forecasts and expertise, as well as changing the ways in which firms have traditionally considered weather as unmanageable. This thesis presents an empirical examination of the weather derivatives market, particularly focusing upon the UK, drawing upon in-depth interviews with market participants. Setting this within the context of current theories in human geography and science studies, the research also illustrates the material and discursive implications weather derivatives are having not just on firms and meteorology, but also climate change policies."],"dc:format":["application/pdf"],"dc:identifier.uri":["http://etheses.bham.ac.uk//id/eprint/327/1/Randalls06PhD.pdf"],"dc:publisher.department":["School of Geography, Earth & Environmental Sciences","School of Geography, Earth and Environmental Sciences"],"dc:publisher.institution":["University of Birmingham"],"dc:relation.isreferencedby":["http://etheses.bham.ac.uk//id/eprint/327/"],"dc:subject":["GE Environmental Sciences","HG Finance"],"dc:title":["Firms finance and the weather: the UK weather derivatives market"],"dc:type":["Thesis"],"dc:type.qualificationlevel":["d_ph"],"dc:type.qualificationname":["d_ph"]},"updated_at":"2026-07-24T01:10:50Z"}