Forecasting based pricing of Weather Derivatives (WDs) is a new approach in valuation of contingent claims on nontradable underlyings. Standard techniques are based on historical weather data. Forward-looking information such as meteorological forecasts or the implied market price of risk (MPR)...

Forecasting based pricing of Weather Derivatives (WDs) is a new approach in valuation of contingent claims on nontradable underlyings. Standard techniques are based on historical weather data. Forward-looking information such as meteorological forecasts or the implied market price of risk (MPR)...

In light of the Paris Agreement, many cities have undertaken initiatives to become climate-neutral, making decentralized urban energy production more relevant. This paper addresses the potential of urban wind energy production with small wind turbines, using Berlin as an example. Based on a...

Forecasting based pricing of Weather Derivatives (WDs) is a new approach in valuation of contingent claims on nontradable underlyings. Standard techniques are based on historical weather data. Forward-looking information such as meteorological forecasts or the implied market price of risk (MPR)...

Many companies depend on weather conditions, so they require reliable weather forecasts for production planning or risk hedging. In this article, we propose a new way of gaining weather forecasts by exploiting the forward-looking information included in the market prices of weather derivatives...

The increasing share of wind energy in the portfolio of energy sources highlights its uncertainties due to changing weather conditions. To account for the uncertainty in predicting wind power production, this article examines the volatility forecasting abilities of different GARCH-type models...

Since wind energy is rapidly growing, new wind farms are installed worldwide and a discussion is going on concerning the optimal political framework to promote this development. In this paper, we present a wind energy index, which is supportive for wind park planners, operators, and...

Nach einem drastischen Einbruch im vergangenen Jahr ziehen die Milchpreise wieder an. Doch auch künftig kann es zu Preiseinbrüchen in der Milchwirtschaft kommen. Zum einen wirken sich im Zuge der fortschreitenden Liberalisierung der Agrarmärkte internationale Marktentwicklungen verstärkt auf...