The effects of extreme weather events, such as heat waves and droughts are taken into account in both global and … extreme weather events, in particular, droughts and high temperatures, for the German power sector. Furthermore, we consider … drought data for the last 40 years. We find evidence of a higher frequency of power plants outages as a consequence of …

The effects of extreme weather events, such as heat waves and droughts, are taken into account in both global and … emerging risks of extreme weather events, in particular, droughts and high temperatures, for the German power sector. Our … analysis is based on extensive datasets comprising temperature and drought data for the last 40 years. We find evidence of a …

Systemic weather risk is a major obstacle for the formation of private (non- subsidized) crop insurance. This paper … explores the possibility of spatial diversification of insurance by estimating the joint occurrence of unfavorable weather … dependencies between multivariate random variables. The estimation procedure is applied to weather data in Germany. Our results …